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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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Jowell Tobias Regional Office: Northern Cape

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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


The knowledge economy

  • Logistics

The green economy

Mining related technologies

Industrial infrastructure


Green and energy saving industries

Bio fuels



Agricultural value chain


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



The mining value chain

Clothing, textiles, footwear, leather

Plastics and chemicals


Downstream mineral beneficiation


Advanced manufacturing


New Growth Path

Forestry, paper & pulp, furniture


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



UIF Job Creation


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



Initial Screening


Due Diligence

Term Sheet

Post Investment Management/ Business Support


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


  • 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