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Introducing the Industrial Development Corporation (IDC) Presentation by:

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Established in 1940, the IDC is a self-financing, state-owned development ... Gerrit van Wyk. CEO / President. Khaya Ngqula. IDC's Operational Structure... – PowerPoint PPT presentation

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Title: Introducing the Industrial Development Corporation (IDC) Presentation by:


1
Introducing the Industrial Development
Corporation(IDC)Presentation by
  • Raisibe Morathi
  • Chief Investment Officer
  • Industrial Development Corporation of South
    Africa
  • Introducing the IDC
  • Johannesburg
  • 09 June 2004

2
Corporate profile
  • Established in 1940, the IDC is a
    self-financing, state-owned development finance
    institution
  • Provides financing to entrepreneurs engaged in
    competitive industries
  • Follows normal company policy and procedures in
    its operations
  • Pays income tax at corporate rates and dividends
    to the shareholder
  • Independent Board of Directors
  • Reports on a fully consolidated basis, with its
    Annual Report freely available to the public

3
IDCs Operational Structure
CEO / President Khaya Ngqula
COO Gert Gouws

4
IDC Objectives
  • Create employment opportunities
  • Improve the real standards of living of all South
    Africans
  • Poor provinces
  • Rural areas
  • Foster entrepreneurship
  • Small and medium enterprises
  • Economic empowerment of the historically
    disadvantaged, including broad based
  • Development of industrial capacity in Africa

5
IDC financing trend (1940s - 2000s)
low economic activity
6
Investing in the Economy
Financial year 2002/2003
  • IDCs investment approvals amounted to R 6.2
    billion involving 345 deals
  • IDCs investments as percentage of private sector
    investment activity amounted to 4.7 of GFCF
  • IDC awarded an investment grade rating of Baa2
    from Moodys Investors Service
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