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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 . Corporate profile….

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Introducing the industrial development corporation idc presentation by l.jpg

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


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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 Boardof Directors

  • Reports on a fully consolidated basis, with its Annual Report freely available to the public


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CIO

Raisibe Morathi

CFO

Geoffrey Qhena

Marketing & Corporate Affairs

Division

Neo Sowazi

Services Sectors Division

Gerrit van Wyk

Industrial Sectors Division

Ufikile

Khumalo

HR Division

Lesé Matlhape

Projects

Division

Jaco Kriek

Professional Services

Trevor Mashabane

Legal Services & General Counsel Division

Tony Tshivhase

14 Strategic Business Units (SBUs), each focussed on specific economic sectors

23 Supporting departments

IDC’s Operational Structure…

CEO / President

Khaya Ngqula

COO

Gert Gouws


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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


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Total Value of financing approvals

% of GFCF

Rand billion

90

7

Rand billion at 2002 prices

83.5

As a % of Gross Fixed Capital Formation (GFCF) in SA

75

6

Projected IDC Financing

60

5

45

4

30

3

16.7

15

2

0

1

1940s

1950s

1960s

1970s

1980s

1990s

*2000s

IDC financing to reach over R80 billion in 2000-2010

IDC financing trend (1940s - 2000s)…

low economic activity


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Investing in the Economy…

Financial year 2002/2003…

IDC’s investment approvals amounted toR 6.2 billioninvolving345 deals

IDC’s investmentsas percentage of private sector investment activity amounted to4.7% of GFCF

IDC awarded an investment grade rating of Baa2 from Moody’s Investor’s Service


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