IDC eyes African opportunities for SA-made goods, expertise

The Industrial Development Corporation (IDC) is unlocking the economic potential of rising industrialists.

The IDC is the largest development finance institution in Sub-Sharan Africa and is committed to growing employment and the economy.

Read: IDC on the hunt for disruptive industries to invest in

The IDC's Africa Strategic Business Unit (SBU) is on the look out for opportunities to contribute towards infrastructure development on the rest of the Continent.

Head of IDC's Africa unit, Thokoane Tsolo, says the institution aims to create markets for South African manufactured products, capital goods and expertise.

We are trying to create markets for South Africa, on the Continent, primarily in SADC.

Thokoane Tsolo, Head of IDC's Africa unit

The synergies have to be good for both countries.

Thokoane Tsolo, Head of IDC's Africa unit

Also read: IDC calls farmers in SA's agro-processing industry to apply for funding

Tsolo described some of the latest initiatives aimed at strengthening regional economic integration.

The IDC recently partnered with South African cement manufacturer PPC, the Trade and Development Bank (formerly PTA) and a host of Ethiopian companies to develop a cement plant in Ethiopia.

Tsolo explored the IDC's criteria for investing in industrial opportunities in South Africa and across Africa and fielded questions from callers.

To learn more, visit the IDC website.

Take a listen:


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
IDC on the hunt for disruptive industries to invest in

IDC on the hunt for disruptive industries to invest in

The IDC is looking to fund and support disruptive industries with the potential to shake up the business space.

IDC calls farmers in SA's agro-processing industry to apply for funding

IDC calls farmers in SA's agro-processing industry to apply for funding

IDC's Lizeka Matshekga says the objective of the IDC is to industrialise SA, create jobs and transform industrial sectors.

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

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

Got a bankable business idea? IDC operations head David Mcgluwa explains what it takes to get financing from the corporation.

"There were no special favours" - state-owned IDC denies dodgy Gupta dealings

"There were no special favours" - state-owned IDC denies dodgy Gupta dealings

Financial Mail editor Rob Rose revealed information on how the government institution had given the Gupta family a massive leg-up.

State-owned IDC funded bulk of Gupta uranium mine company - reports

State-owned IDC funded bulk of Gupta uranium mine company - reports

Investigative journalist Rob Rose says that state institutions have bent over backwards to financially accommodate Gupta business.

IDC results show it provided R11.5 billion in funding to businesses in a year

IDC results show it provided R11.5 billion in funding to businesses in a year

Bruce Whitfield interviewed the IDC’s CEO on his organisation’s results and the 20 000 jobs it helped to create during year.

Why the government is giving R23 billion to boost black industrialists

Why the government is giving R23 billion to boost black industrialists

Minister of Economic Development says R23 billion will be set aside to support black industrialists over the coming five years.

Popular articles
Why many couples today are struggling with marriage

Why many couples today are struggling with marriage

Dr Eve advises that many modern couples need marriage to be a safe space for self-expression and self-actualisation.

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

'The NPA should be ready and re-enroll the matter' - Nel on Malema prosecution

AfriForum not backing down over decision to privately prosecute Julius Malema.

'They shot out the tyres and they shot the victim'

'They shot out the tyres and they shot the victim'

EWN's Mandy Weiner describes an eyewitness account of one of the two shootings on Johannesburg's highways on Wednesday.

Cape Town not out the woods yet even with recent rainfall

Cape Town not out the woods yet even with recent rainfall

Climate expert, Piotr Wolski, says the city will know towards the end of May whether 2018 is a good or bad year.

Where is Zuma going to get this 'tsunami' of legal fees?  - Karyn Maughan

Where is Zuma going to get this 'tsunami' of legal fees? - Karyn Maughan

The Presidency has now officially withdrawn its application for leave to appeal the personal costs order against Jacob Zuma.

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.

Highly-criticised world athletics body's rule could end Caster Semenya's career

Highly-criticised world athletics body's rule could end Caster Semenya's career

She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?