IDC

Established: 1940
Type of organisation: Development Finance Institution (DFI)
Ownership: 100% owned by South African Government
Total assets: USD 9.6 billion (31 March 2017 – group)
Total liabilities: USD 3.1 billion (31 March 2017 – group)
Funding status: Fund operations and growth from investments, pay dividends & income tax
Credit rating: Baa3 (Moody’s)
Main business area: Providing funding for big business, entrepreneurs and projects contributing to industrialization
Geographic activities: South Africa and the rest of Africa
Stage of investment: Project identification and development, feasibility, commercialization, expansion, modernization
No. of employees: 839 (March 2017)
Operational footprint: Head Office in Johannesburg & 20 Regional and Satellite offices