South Africa’s Industrial Development Corporation (IDC) has set a target of disbursing R51.5-billion in funding over the coming three financial years having aligned its corporate plan to government’s new industrial strategy.
In a presentation this week to Parliament’s Select Committee on Economic Development and Trade, acting COO David Jarvis reported that the State-owned development financier would continue to support established industries while seeking to catalyse future-focused value chains identified in the Industrial Development Strategy (IDS) of 2026.
The IDS was unveiled by Trade, Industry and Competition Minister Parks Tau earlier this year and has been anchored on industrialisation pathways associated with decarbonisation, diversification and digitalisation.
The IDC indicated that it is gearing up to support growth in critical minerals and battery value chains, green and circular-economy industries, tourism and services, digital and blue-economy activities, agro-industrial expansion, and the industrial infrastructure needed to support higher levels of productivity. It will also invest in regional industrial value chains, but do so in partnership and as a minority shareholder.
