Industrial Development Corporation

The Industrial Development Corporation (IDC), established in 1940, is owned by the government of South Africa and is under the supervision of the Economic Development Department. The IDC is a national development finance institution, which provides youth enterprises, who are undertaking industrial development projects, with financial and non-financial support.

The institution was created with the aim of promoting economic growth and industrial development, as well as to contribute to sustainable job creation within the country, as well as across the rest of Africa.

The IDC provide financial assistance to entrepreneurs starting new enterprises, as well as companies wishing to extend their current operations, to a maximum of R1 billion