PROFILE INDUSTRIAL DEVELOPMENT CORPORATION
FINANCIALS/ SPECIALITY & OTHER FINANCE/ INVESTMENT ENTITIES
TERTIARY SEGMENT
3
www.idc.co.za
VALUE PROPOSITION
The IDC is a self-financing national development finance institution whose primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens. The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles. The IDC’s vision is to be the primary driving force of commercially sustainable industrial development and innovation to the benefit of South Africa and the rest of the African continent. IDC’s objective is to provide development finance to support industrial capacity development and entrepreneurship.South Africa has a diversified economy, with well-developed agricultural, mining, manufacturing and services sectors. However, certain areas of the economy still need further support and development in order for the country to realise its full potential. IDC plays an important role in this development through assisting with development and implementation of government policies and through identifying and addressing market gaps, bottlenecks and capacity constraints in the economy. In the rest of Africa, where economies are still largely focused on resource-based industries, the IDC’s objective is also to unlock the potential of these resources and assist in the industrialisation and modernisation of countries. Over the past five years, IDC has approved more than 600 funding applications to black-empowered businesses, totalling more than R19 billion in value. This represents about 65 percent of the total number and 58 percent of the total value of funding applications. GEOFFREY QHENA CEO
COMPANY INFORMATION STATISTICS/ DEMOGRAPHICS/ HISTORY Year founded: 1940 Founding members: South African Government Employees: 679 as of 1 November 2009 Branches: Eight regional offices in all provinces and head office in Gauteng BUSINESS & FINANCE Net profit: R5 621-billion Financial year-end: February NATURE OF BUSINESS Activity: Continually strives to provide leading engineering and scientific solutions to clients by highly trained engineers, scientists and project managers Products/services offered: Agricultural engineering, airports engineering, dam engineering, electrical engineering, environmental services, geotechnical and underground services, hydropower engineering, mechanical engineering, municipal services, project advisory services, project management, rail engineering, roads and highways engineering, sanitation planning and engineering, and structural engineering.
www.impumelelo.net
“South Africa has a diversified economy, with well developed agricultural, mining, manufacturing and services sectors.”
EMPOWERMENT STATUS Black Empowerment Level Wholly-owned by SA government shareholding
>70%
>86%
executive directors / total staff senior management
FAST FACTS 1. Founded in 1940 2. A self-financing national development finance institution 3. Promotes entrepreneurship through the building of competitive industries and enterprises 4. Aims to provide development finance so as to support industrial capacity development and entrepreneurship 5. In the last five years IDC has approved more than 600 funding applications to black-empowered businesses
CONTACT INFORMATION CEO: Geoffrey Qhena Financial Director: Gert Gouws Executive Marketing: Neo Sowazi Divisional Executive Human Capital: Jeanett Modise Divisional Executive: Resources: Ufikile Khumalo Divisional Executive: Services Sectors: Katinka Schumann Divisional Executive: Industrial Sectors: Shakeel Meer Chief Economist: Lumkile Mondi Chief Risk Officer: Gerrit van Wyk General Counsel: Bassy Makwane Physical address: The Industrial Development Corporation, 19 Fredman Drive, Sandown Postal address: PO Box 784055, Sandton 2146 Telephone: +27 (0)11 269 3000 Fax: +27 (0)11 269 2116 Email: callcentre@idc.co.za
I M P U M ELELO 2010
VOLUME 11
199