Industrial Development Corporation (IDC)

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.