The Industrial Development Corporation (IDC) is an entity of the Department of Trade, Industry and Competition under the National Government of South Africa.
The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by Parliament‘s Industrial Development Corporation Act No 22 of 1940.
The corporation was established to spearhead the development of domestic industrial capacity, especially in view of the shortage of manufactured goods experienced as a result of the disruption of trade between Europe and South Africa during the Second World War.
Since its establishment, the Industrial Development Corporation has been instrumental in implementing South Africa’s industrial development policy, establishing some of the industries that have since become cornerstones of the country’s manufacturing sector. These include the petrol-chemicals, mining and mineral beneficiation industries, fabricated metals, agro-industries, and clothing and textiles among others.
Although our priorities and focus areas have evolved over the years in line with the policy direction of our shareholder (Government), the Industrial Development Corporation remains committed to its objectives of developing South Africa and the Africa’s industrial capacity and, in doing so, playing a major role in facilitating job creation.
By strengthening industrial capacity, the Industrial Development Corporation achieves specific outcomes, the most important of which is to facilitate the creation of employment opportunities through companies the corporation funds.
The Industrial Development Corporation remains committed to promoting sustainable growth and increasing sectoral diversity, thereby boosting local production of goods.
In addition to job creation, Industrial Development Corporation funding helps to promote regional development as well as economic integration including advancing Black Economic Empowerment initiatives.
Furthermore, Industrial Development Corporation’s role in the rest of Africa remains to proactively develop and implement strategies that create linkages and integrate value chains across the continent.
Through the Industrial Development Corporation’s subsidiary, SEFA, the Corporation has played a critical role in promoting entrepreneurial development by supporting Small Medium Enterprises (SMES).
Overseeing Department/Entity
Office Bearers/Management
Chairperson
- Ms Busi Mabuza
Board Members
- Mr Brian Dames
- Mr Bobby Godsell
- Mr André Kriel
- Dr Sizeka Magwentshu-Rensburg
- Ms Susan Mangole
- Ms Nomavuso Mnxasana
- Ms Philisiwe Mthethwa
- Ms Thandi Orleyn
Chief Executive Officer
- Ms Mmakgoshi Lekhethe
Chief Financial Officer
- Mr Isaac Malevu
Chief Operations Officer
- Mr David Jarvis (Acting)
Senior Management
- Mr Rian Coetzee (Acting: Industry Planning and Project Development)
- Mr Mark Goliath (Acting: Manufacturing)
- Ms Maseapo Kganedi (Group Company Secretary)
- Ms Lucretia Khumalo (Client Support and Growth)
- Ms Tshepo Legodi (Legal and Compliance)
- Ms Phiwe Marumo (Acting: Strategy and Corporate Affairs)
- Mr Bongani Miya (Agro-Industries and Services Sectors)
- Ms Patience Mushungwa (Human Capital)
- Ms Josephine Tsele (Chief Risk Officer)
- Ms Nina Yose (Acting: Mining, Metals, Infrastructure and Energy)
Communications Officers
- Mr Neo Mogodi (Publicity Manager)
- Chimwemwe Mwanza (Media Relations)
- Mr Tshepo Ramodibe (Corporate Affairs)
Contact Details
The contact details of the Industrial Development Corporation (IDC) are listed in the table below.
| Physical Address: | 19 Fredman Drive, Sandown, Johannesburg |
| Postal Address: | P.O. Box 784055, Sandton, 2146 |
| Telephone: | 011 269 3000 / 0860 693 888 |
| Email: | callcentre@idc.co.za |
| Website: | www.idc.co.za |
