The Industrial Development Corporation (IDC) is a state-owned financial institution established to promote economic growth and industrial development in South Africa. Previously, it was an agency of the South African Department of Economic Development.
History In 1940, the IDC was established with the Industrial Development Corporation Act, 22 of 1940. It is wholly owned by the South African government through the Department of Trade, Industry and Competition.
Finances In 2026, the IDC's CFO quit after it reported a R4.7 billion loss for the financial year 2026. Its fertiliser subsidiary reported a R2.6 billion loss.
Subsidiaries
Foskor (Pty) Ltd - 59% Prilla 2000 (Pty) Ltd - 100% Celrose (Pty) Ltd - 55%
References