Need cash to get your business off the ground? The IDC could fund your project

The Industrial Development Corporation (IDC) is a national development finance institution committed to growing employment and South Africa's economy.

IDC operations head David Mcgluwa says that the IDC's role is to create industrial capacity in the productive sectors within the economy.

The IDC is self-funded and pays dividends to the government, Mcgluwa explains.

The corporation provides finance to services sectors and industrial sectors including agriculture, textiles, mining, tourism, media and others .

Mcgluwa advises that individuals needing finance are encouraged to submit their business plans to the IDC for consideration.

He explains that the IDC also offers a business support programme for entrepreneurs who need a leg up.

Mcgluwa unpacked what it takes to get financing from the corporation.

To learn more about the qualification criteria for funding, visit the IDC website.

Take a listen to him explain and answer questions from callers:

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