Resources - Africa

South Africa

Industrial Development Corporation

The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940) and is fully owned by the South African Government. The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War.

The IDC has contributed to the implementation of South Africa's industrial policy for more than 70 years and established, among others, the petro-chemicals and minerals beneficiation industries. The IDC has stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles.

During the 1990s, the mandate was expanded to include investment in the rest of Africa. The Mozal aluminum smelter in Mozambique was the first such venture. The IDC secured investors from around the globe to establish a major industrial enterprise in a country plagued by decades of civil war. The smelter illustrated the viability of large projects on a continent often shunned by investors. Currently, investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications.

The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders.

We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialization.

Business Partners Limited

Business Partners Limited (BUSINESS/PARTNERS) is a specialist risk finance company that provides customized financial solutions, sectoral knowledge, mentorship, business premises and other value added services for formal small and medium enterprises (SMEs) in South Africa and selected African countries, namely Kenya, Malawi, Namibia, Rwanda, Uganda and Zambia.

Business Partners has developed a range of proprietary financing models that offer maximum flexibility to suit your specific needs. Along with general financing solutions, it also offers specialized industry and sector specific financing products that range from education and manufacturing to property investment and women in business funds for SMEs.

Small Enterprise Finance Agency

The Small Enterprise Finance Agency (SOC) Ltd (sefa) was established on 1st April 2012 as a result of the merger of the South African Micro Apex Fund (samaf), Khula Enterprise Finance Ltd and the small business activities of the Industrial Development Corporation (IDC). The agency operates as a development finance institution (DFI) and reports to the Department of Small Business Development (DSBD). In line with its mandate, sefa  provides financial products and services to qualifying SMMEs and Co-operatives as defined in the National Small Business Act of 1996 and amended in 2004. This sefa accomplishes
through a range of wholesale and direct lending channels.

Sefa  has a national presence with its Head Office located in Centurion, Gauteng.

Womens Business Association

As the voice of women in business, the Businesswomen's Association of South Africa (BWASA) is the largest and most prominent association of business and professional women in the country. It plays a key role in highlighting the current status of women in leadership and acts as a lobby group that advocates on women's business issues in an effort to transform the economy. http://www.bwasa.co.za/

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South Africa Economic Outlook

Since 2012, following the sharp decline in international commodity prices for the country’s four key exports—coal, platinum, iron ore and gold—economic growth slowed, compounded by domestic structural weaknesses and subdued investor confidence. After reaching 3.3% in 2011, growth fell to 0.3% in 2016. Growth in output from the country’s key sectors, including manufacturing, dropped from 3% in 2011 to 0.7% in 2016; the contraction in output from mining increased from 0.7% to 4.7% over the same period. Medium-term growth prospects remain subdued; economic growth is was estimated at 0.9% in 2017 and was projected to reach 1.1% in 2018 and 1.6% in 2019.