Govt sets aside R500m to import medical essentials for coronavirus

2020-03-24 15:45

A special package of R500 million has been set aside for trade finance, to import essential medical products to fight Covid-19, Minister of Trade and Industry Ebrahim Patel has said.

IDC unaware of corrupt jet fuel tender to SA Express when awarding - Zondo inquiry hears

2019-08-30 18:29

The Industrial Development Corporation has learnt it should strengthen its due diligence processes when awarding loans, the State Capture inquiry heard.

Land Bank boss Tshokolo Nchocho to head up IDC

2018-12-06 13:18

The appointment of Land Bank boss Tshokolo Nchocho as the next CEO of the Industrial Development Corporation has been approved by Cabinet.

Legal wrangle over Gupta-linked Shiva Uranium loan still ongoing - IDC

2018-09-03 19:58

Economic Development Minister Ebrahim Patel says, according to the IDC, litigation over its loan to Oakbay is ongoing and there is still debt outstanding.

IDC forks out R17bn to boost, build and save businesses

2018-08-05 10:57

Almost 14% of the financing made available by the state-controlled Industrial Development Corporation (IDC) in the past financial year was granted to businesses in distress.

How IDC was forced to invest in Oakbay

2017-12-10 06:00

A last-minute, hand-written amendment to a contract forced the Industrial Development Corporation (IDC) to trade R256 million for now-worthless shares in the Gupta family’s Oakbay Resources and Energy at inflated prices in 2014.

Nafcoc slams Chinese ‘arrogance’

2017-08-13 06:01

Procurement problems, language differences and allegations of domination by the Chinese are hampering the construction of the motor plant.

Eskom plans its first biomass plant

2017-04-09 06:06

Eskom plans to build its first biomass plant in Mpumalanga in its endeavour to reduce its carbon emissions that contribute over 50% of the country’s total greenhouse gasses.

How to grow Limpopo

2017-02-26 06:03

The province offers many opportunities for entrepreneurs with great ideas, the IDC’s Kgampi Bapela tells Setumo Stone.

Grow opportunity to harvest success

2017-02-12 06:16

Most people associate the Western Cape with wine and tourism, but, increasingly, the base of options for driving economic growth in the province is growing.


Trouble for Peter Moyo as Old Mutual plans to exit his company, which is also being sued by the IDC

2019-09-02 08:41

Old Mutual’s results for the six months to end-June show a 10% increase in its headline profit to R5.2bn - thanks in part to higher investment returns in South Africa.

How State Capture Inc funded the ANC

2019-08-13 06:41

This story offers one example of the corrosive effect of money in politics and how a politically-connected firm, Regiments Capital, built a financially symbiotic relationship with the ANC.

Industrial Development Corp increases disbursements by 40% to R15.4bn

2018-09-26 07:31

Total disbursements from the Industrial Development Corporation increased by 40% to R15.4bn during the 2018 financial year, but more work needs to be done to ensure economic inclusivity said Economic Development Minister Ebrahim Patel.

Geoffrey Qhena to step down after 13 years as IDC head

2018-08-31 17:16

The IDC board said Qhena had played a "critical role in the development and success of the corporation".

IDC sues Gupta-linked firms to recover debt

2017-12-13 10:44

The Industrial Development Corporation is suing four companies linked to the Gupta family after they failed to repay a loan.

Women creating spaces for economic growth

2017-09-03 06:00

Gender diversity is key to driving the IDC’s broader mandate. The corporation celebrates its commitment to economic inclusivity by empowering women, writes Chimwemwe Mwanza.

Driving towards prosperity

2017-05-07 06:10

Lubabalo Ngcukana chats to Kingsley Dell-Robertson, the Industrial Development Corporation’s regional manager in the Eastern Cape, about the role it plays in stimulating economic expansion in the province.

A passion for creating jobs

2017-03-26 12:07

With two busy seaports, a huge potential workforce and amazing possibilities for entrepreneurs, KwaZulu-Natal is open for business. Yvonne Grimbeek speaks to the Industrial Development Corporation’s Pat Moodley about their work in the province.

Brian Molefe quits IDC board

2017-02-23 10:27

Former Eskom CEO and soon-to-be sworn-in MP Brian Molefe has quit the board of the Industrial Development Corporation.

Building a future brick by brick

2017-01-29 09:14

Celebrating success at this no-fee paying school inspires the community of teachers and pupils to work hard and flourish. Setumo Stone visits Thohoyandou’s Tshivhase Secondary School.

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