Industrial development corporation
IDC experiencing pressure on balance sheet, MPs told
While the entity is not yet in financial trouble, it may have to look to partnerships with the government and the private sector to raise additional funds.
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Tshokolo Nchocho appointed as CEO of Industrial Development Corporation
Cabinet has approved the appointment of Tshokolo Nchocho as chief executive officer of the Industrial Development Corporation (IDC).
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Geoffrey Qhena’s departure from IDC allows ‘new talent’ to take over
Qhena who stepped down on Friday has been with the company for almost two decades and has served as CEO for 13 years.
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IDC CEO Geoffrey Qhena resigns
Qhena, who has been the CEO for 13 years, says he feels like it’s time for him to step down.
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Oakbay faces legal action as IDC to claw back R293m
Economic Development Minister Ebrahim Patel revealed on Thursday that the IDC had cancelled its loan agreement with the Gupta company.
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Patel: IDC to use all legal means to recover R293m from Oakbay
Oakbay had until midnight to repay the IDC R293 million in outstanding capital and interest after the IDC cancelled its loan agreement with the Gupta company.
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IDC orders Oakbay to pay back R293m over share price manipulation
The IDC asserts that various misrepresentations and breaches of warranties were committed by the Oakbay Group.
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Futuregrowth, IDC kiss & make up
The asset manager has lifted the suspension of its lending activities to the IDC.
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Govt commits billions to support black industrialists
Economic Development Minister Ebrahim Patel says the R23 billion funding to facilitate the growth of SA’s black industrialists will come from the IDC.
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SA GDP below expectations
Quarter-on-quarter growth was just 0,7 percent from the second quarter's revised 3,2 percent.
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Cosatu: Don’t blame unions for slow growth
The IMF issued a report suggesting labour unrest is a possible cause of slow economic growth in SA.
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IDC calls for mine beneficiation
The IDC says South Africa is not fully benefiting from its natural resources.
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FIRST ON EWN: Foskor exec resigns
A Foskor exec resigned a week after his bank statement was accidently e-mailed to staff.
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Greenpeace considers legal action
Greenpeace could lay charges against a security company following Tuesday morning’s protest.
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Greenpeace protests outside IDC
Activists chained themselves to the gate of the IDC as a continental nuclear energy conference opened.
