Industrial Development Corporation

Planting opportunities. Harvesting potential. Growing economies. Learn more about our work in the agro-processing and agriculture sector, and see how we are transforming the sector, one project at a time through the Agri-Industrial Fund. Click here to watch the full video: https://lnkd.in/dB8yw6EX

Our Agro-processing & Agriculture Strategic Business Unit (SBU) is working hard to develop a competitive industry in the food, beverage, forestry, and agro-derivative industries which utilise and develop local and regional resources to supply domestic demand and increase international trade participation. Come engage us this week at the African Agri Investment Indaba, 24 -26 November, and find out how we can partner with you on your growth journey.

Over 8 decades of partnerships that build! For 85 years, together with dreamers and trailblazers, we have fuelled the acceleration of Mzansi’s economic development, empowering communities and building a legacy of innovation, partnership and making strides that continue to inspire. #IDCFunding #85 #Anniversary #BuiltToLast

85 years of standing on business! For 85 years, we have been more than a funder. From modest beginnings to shaping industries across a nation, we have proven that resilience builds more than businesses, it builds futures. Cheers to many more years of impact. #IDCFunding #85 #Anniversary

During her address, our CEO, Mmakgoshi Lekhethe commented: "In a year marked by economic uncertainty, geopolitical shifts, and adverse conditions affecting several sectors and IDC-funded clients, the Corporation remained focused on supporting industrial growth and inclusive economic participation. We facilitated R26.6 billion in transformation funding, an 11.5% increase, boosting support for black industrialists and youth entrepreneurs."

Across South Africa, the IDC is supporting tourism projects that attract investment, strengthen local economies and create jobs. From Club Med on the KZN North Coast, expected to create 2,000 jobs, to The Capital’s Gqeberha development, creating more than 200 jobs, these projects are helping drive growth across the tourism sector. In Mahikeng, the IDC supported Indalo Hotel’s acquisition of Protea Hotel Mahikeng, while the Premier Hotel in Thohoyandou created 480 construction jobs and 52 permanent positions. More than hotels and resorts, these are investments in destinations, businesses, people and livelihoods — creating opportunities and contributing to economic growth. Explore some of the landmark tourism projects supported by the IDC. Apply for funding: https://lnkd.in/d4ZJ9EnE #IDCFunding #Tourism #InvestedIn #EconomicDevelopment