Industrial Development Corporation (IDC)

Contact Details

Physical: 19 Fredman Drive, Sandton, Johannesburg
Postal: PO Box 784055, Sandton, 2146
Tel: 011 269 3000
Fax: 011 269 3116


The mission of the Industrial Development Corporation SOC Ltd (IDC) is to contribute to the creation of balanced, sustainable economic growth in South Africa and on the rest of the continent, and to promote entrepreneurship through the building of competitive industries and enterprises based on sound business principles.

IDC's primary outcome is to facilitate sustainable direct and indirect employment. Its secondary outcomes are to: improve regional equity, including the development of South Africa's rural areas, poorer provinces, and industrialisation in the rest of Africa; promote entrepreneurial development and grow the Small and Medium Enterprise (SME) sector; advance environmentally sustainable growth; grow sector diversity and increase localised production; and support the transformation of communities and development of black industrialists.

Office Bearers/Management

Ms B Mabuza
Chief Executive Officer
Mr G Qhena

Ms Busi Mabuza
Deputy Chairperson:
Board Members:
Ms Lael Bethlehem
Mr Brian Dames
Mr Bobby Godsell
Mr Gert Gouws
Mr André Kriel
Dr Sizeka Magwentshu-Rensburg
Ms Nomavuso Mnxasana
Ms Matshepo More
Ms Philisiwe Mthethwa
Ms Thandi Orleyn
Mr Geoffrey Qhena (CEO)
Mr Nimrod Zalk
Chief Executive Officer:
Mr Geoffrey Qhena
Chief Financial Officer:
Ms Nonkululeko Dlamini
Senior Management:
Ms Josephine Gaveni (Human Capital)
Mr Gert Gouws (Transaction Support and Post Investment)
Ms Zama Luthuli (Corporate Affairs)
Mr Phakamile Mainganya (Corporate Risk)
Mr Bassy Makwane (Corporate Secretary and Legal)
Mr Abel Malinga (Metals Value Chain)
Ms Lizeka Matshekga (Agro Processing, Infrastructure and New Industries)
Mr Shakeel Meer (Chemical and Textiles Value Chain)
Mr William Smith (High Impact and Regions)
Communications Officers:
Ms Denise Reddy

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
AUDIT OUTCOMEClean AuditClean AuditClean AuditClean Audit
Current Assetsn/an/an/an/a
Non-Current Assetsn/an/an/an/a
Total Assetsn/a121 348 000122 289 000138 593 000
Current Liabilitiesn/an/an/an/a
Non-Current Liabilitiesn/an/an/an/a
Total Liabilitiesn/a36 531 00032 367 00031 609 000
Total Net Assetsn/a84 817 00089 922 000106 984 000
Total Revenuen/a21 159 00021 558 00020 657 000
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expendituren/a(20 936 000)(19 905 000)(19 014 000)
Employee Costsn/a(3 294 000)(3 606 000)n/a
Surplus/(Deficit) for Yearn/a223 0001 653 0001 643 000
Net Cash Flows from Operating Activitiesn/a4 061 0003 385 0002 381 000
Net Cash Flows from Investing Activitiesn/a(5 397 000)(2 893 000)(3 561 000)
Cash & Cash Equivalents at End of Yearn/a6 827 0008 213 0007 771 000
Unauthorised Expendituren/a---
Irregular Expendituren/a---
Fruitless & Wasteful Expendituren/a---
Posts Approvedn/an/an/an/a
Posts Filledn/an/an/an/a
Sources n/a Annual ReportAnnual ReportAnnual Report
NoteNot audited by AGSA. Independent Audit Report. Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.

Overseeing Department/Entity

Annual Reports

The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at so that we can correct them.
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