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Jowell Tobias Regional Office: Northern Cape. February 2014. IDC - Corporate profile. Established: October 1940 Corporate type: Development finance institution, mandated by Act Objectives: Increased industrial capacity

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idc corporate profile
IDC - Corporate profile
  • Established: October 1940
  • Corporate type: Development finance institution, mandated by Act
  • Objectives: Increased industrial capacity
  • Activities: Provide risk capital to viable businesses in various sectors
  • Regional mandate: South Africa & the rest of Africa (since 1998)
  • Shareholding: Government of South Africa = 100% shareholder
  • Reporting: SA Ministry of Economic Development
  • Funding: 100% self-financing
  • Governance: Follows normal company policy and procedures
  • Partnerships, Professionalism & Passion

IDC Head Office, Sandton, SA

role of idc s regional office
Role of IDC’s Regional Office
  • Strategy for regional development
  • Proactively identify and support investment opportunities
  • Improve IDC’s efficiency&accessibility
    • Convenience (district visits)
    • Personal attention
    • Package applications to conform to IDC norms
    • Involve other stakeholders e.g. Landbank, NEF,
    • DBSA, DoA, Water Affairs
  • Business Support
  • Represent all IDC sectors

IDC Regional Office, Kimberley

sectoral focus
Sectoral focus

Infrastructure

The knowledge economy

  • Logistics

The green economy

Mining related technologies

Industrial infrastructure

Healthcare

Green and energy saving industries

Bio fuels

Biotechnology

ICT

Agricultural value chain

Agro-processing

Cultural industries: Craft and film

Tourism and high-level services

Manufacturing activities

Business process services

Metals fabrication, capital and transport equipment

Automotives, components, medium and heavy commercial vehicles

Tourism

Legend:

The mining value chain

Clothing, textiles, footwear, leather

Plastics and chemicals

Mining

Downstream mineral beneficiation

IPAP

Advanced manufacturing

Pharmaceuti-cals

New Growth Path

Forestry, paper & pulp, furniture

4

strategic business units
Strategic Business Units
  • Agro Industries
  • Forestry and Wood Products
  • Metal, Transport and Machinery
  • Mining and Minerals Beneficiation
  • Textiles and Clothing
  • Chemicals and Allied Industries
  • Tourism
  • Media and Motion Pictures
  • Information and Communications Technology
  • Venture Capital
  • Healthcare
  • Green Industries
  • Strategic High Impact Projects and Logistics
special idc schemes
Special IDC Schemes

Gro-E

Scheme

UIF Job Creation

Fund

Transformation and Entrepreneurial Scheme (TES)

  • R10 billion available for 5 years
  • Loans @ Prime - 3% for the first 5 years
  • Equity @ 5% RATIRR
  • Capital and interest payment holidays as per financial needs of the business
  • Minimum = R3 million & Maximum of R1 billion per project
  • Business must have prospects of acceptable profitability to service its obligations
  • Cost per job created should not exceed R500 000
  • B-BBEE certification from an accredited verification agency is required
  • R2 billion unsecured 5-year listed private placement bond
  • Cost per job of up to 450,000 will be eligible
  • Pricing @ approximately 6.0% - 10.0% fixed;
  • Extent of discount is based on the risk and developmental impact
  • Maximum = R100m
  • Only senior debt instruments
  • Client is expected to drawdown within 7 months after approval
  • Women Entrepreneurial Fund (R400 million)
  • People with Disabilities Fund (R50 million)
  • Development Fund (R250 million)
  • Equity Contribution Fund (R150 million)
  • Community Fund (R150 million)

Distressed Funding

  • R6,1bn made available for companies negatively affected by the recent international financial crisis
gro e youth scheme
Gro-E Youth scheme
  • Earmarked R1 billion of the Gro-E scheme to businesses owned by young people (age less than 35);
  • Loans at prime less 3% to businesses;
  • Industries falling within IDC’s mandate;
  • Are creating new jobs;
  • Available to South African citizens;
  • Minimum amount for finance is R1 million;
  • Experienced entrepreneurs to join with the youth in establishing businesses to ensure that these new entrepreneurs are coached and mentored.
gro e youth scheme cont
Gro-E Youth scheme (cont.)

Criteria and terms of the scheme:

  • Start-up businesses;
  • Existing businesses for expansionary purposes;
  • Businesses that demonstrate economic merit;
  • For the duration of the funding period;
  • Maximum cost per job does not exceed R500 000;
  • Broad-based Black Economic Empowerment certification, where applicable;
  • Businesses operating or expanding in South Africa;
  • Funding period will be structured to meet the cash flow needs of the business;
  • Appropriate capital and interest payment holidays will be applied;
  • There is no prescribed minimum for owner contribution;
  • Shareholding by youth of more than 50%.
business support
Business Support
  • Technical assistance (TA) for IDC clients;
  • Outsourced Consultants, Mentors, Coaches legal experts provide TA;
  • Training courses delivered through IDC Learning & Development (External) Dept.;
  • Training offered to investee members of the Board of Directors / Trustees, Management Team, middle management, supervisors & staff destined for promotion
  • Funding principle: Cost sharing between IDC and Client
    • The norm is: 50% Grant funding and 50% Client own contribution;
    • Client own contribution: business cash flow OR a low interest or zero rated loan.
appraisal approval process
Appraisal & approval process

Basic Assessment

Enquiry&

Application

Initial Screening

Approval

Due Diligence

Term Sheet

Post Investment Management/ Business Support

Disbursements

Legal Agreements

green energy efficiency fund geef
Green Energy Efficiency Fund (GEEF)
  • Programme supported by German Development Bank (KfW)
  • To support and promote energy efficiency and renewable energy investments
  • R500 million facility for energy efficiency and small scale renewable energy projects

Conditions:

  • Financially viable energy efficiency projects
  • Private sector companies registered and operating in South Africa
  • Loans ranging from R1 million to R50 million
  • At a concessionary rate of prime less 2%
  • Repayments of up to 15 years, depending on the energy efficiency or renewable energy technology
  • Standard IDC fees, credit policies and procedures apply
  • Loans available in ZAR
thank you

Thank you

Industrial Development Corporation

13 Bishops Avenue, Kimberley

PO Box 808, KImberley 8300

South Africa

Telephone (053) 807 1050

Facsimile (053) 832 7395

E-mail kimberley@idc.co.za