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Topic - Industrial Development Corporation
Sep 19, 2014
Funding is being secured for the unfunded portion of the ferromanagense smelter, in the Coega industrial development zone.
Sep 17, 2014
Leading South African aerospace company Aerosud Holdings announced on Wednesday that it had formed a strategic alliance with the Industrial Development Corporation (IDC). As a consequence, the IDC has taken a 26% shareholding in Aerosud Holdings. Aerosud Holdings has...
Sep 12, 2014
Trade and Industry Minister Dr Rob Davies
Trade and Industry Minister Dr Rob Davies confirmed on Friday that the Hebei Iron and Steel Group, of China, was set to partner with the State-owned Industrial Development Corporation (IDC) on the development of steelmaking capacity based on the raw material...
Sep 12, 2014
Mpact has announced a major move into plastics recycling with the unveiling of plans for a state-of-the-art polyethylene terephthalate recycling plant.
Sep 05, 2014
Aerosud programme aimed at empowering lower-paid employees To quality as a broad-based black economic empowered (BBBEE) company in terms of the BBBEE Amendment Act, 2013, Aerosud is placing the focus on putting suitable mechanisms in place to enable its lower-paid...
Sep 05, 2014
Aerosud, South Africa’s leading aeromechanical parts manufacturer, has restructured its operations as part of a strategy aimed at ensuring continued strong growth. The restructure, put into effect in June, is directed at strategically positioning and financially...
Sep 01, 2014
Selby Nkwanyana and Nontsikelelo Kalashe
Anglo American company Kumba Iron Ore on Monday opened a sun-powered Internet school in Tembisa. The initiative, at Jiyana Secondary School, is the first of four such projects to better education, feed pupils and produce cooking gas from recycled waste.
Aug 18, 2014
The National Youth Development Agency (NYDA), Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency (sefa) have launched a R2.7-billion Youth Fund aimed at creating millions of sustainable jobs. The launch took place at Langa township in...
Aug 15, 2014
Aug 13, 2014
Aug 13, 2014
Aug 12, 2014
Although South Africa has significant biogas potential, investment in the sector was being deterred by a lack of incentive schemes to make establishing such projects more affordable, energy company Uhuru Energy managing and technical director David Sonnenberg...
Aug 12, 2014
Aug 11, 2014
Since the inception of the New Growth Path in November 2010 – in which South Africa’s renewable energy ambitions are defined – development finance institution, the Industrial Development Corporation (IDC), has funded 54 green projects in the solar, wind, renewable...
Jul 29, 2014
PwC has announced the Top Ten finalists in its Vision to Reality Awards competition. The Top Ten finalists will have the opportunity to showcase their innovative companies and gain access to leading advisors and a direct route to seed and venture capital. The Top Ten...
Jul 23, 2014
Trade and Industry Minister Dr Rob Davies has assured that the Department of Trade and Industry (DTI) would be “playing its part” in ensuring that government procured 75% of its goods and services from local companies, announcing on Tuesday the next designation of...
Jul 23, 2014
Jul 22, 2014
Economic Development Minister Ebrahim Patel
Economic Development Minister Ebrahim Patel says government will be prioritising six ‘I’s as part of its “radical economic transformation” agenda for the coming five years. Delivering his Budget Vote in Parliament on Tuesday, Patel said the six components included...
Jul 11, 2014
AWAITING OPPORTUNITIES SMS group, through its office in Johannesburg, is well placed to provide plant equipment for steel plants in Africa
Steel plant processing technology, equipment and services specialist SMS Siemag, a division of SMS group, supplier of processing technology, equipment and services for the ferrous, ferro-alloy and non-ferrous metals industries, says there is potential to establish...
Jul 11, 2014
General Electric (GE) South Africa's R500-million investment into a customer innovation centre (CIC) in Gauteng and another R200-million into a supplier development vehicle (SDV) to promote job creation and skills development among the country's black small and...
Jul 07, 2014
A ten-month programme investigating the viability of using clean-burning methane – in the form of compressed natural gas (CNG) and compressed biogas (CBG) – to power passenger vehicles in South Africa, has shown that the conversion of petrol- or diesel-powered...
Jul 04, 2014
Indonesia has expressed interest in South Africa’s pebble-bed modular reactor (PBMR) technology, the demonstration of which was abandoned in 2010, after R9.244-billion had been spent over a decade, about 80% of which was taxpayers’ money. When the project was...
Jul 04, 2014
Foreign direct investment (FDI) into South Africa recovered to $8.2-billion in 2013, from $4.6-billion in 2012, notwithstanding ongoing anxiety about the state of the South African economy and its attractiveness as an investment destination. In addition, a new...
Jun 30, 2014
An approach that presents South Africa as offering a coherent “suite” of services to potential foreign importers of local goods – rather than simply the export product itself – may boost the country’s export earnings and drive the local industrialisation agenda, the...
Jun 27, 2014
The South African government has identified the green economy as one of 12 job drivers that could help contribute to what increasingly appears to be a highly ambitious target of creating five-million additional jobs by 2020. In fact, the New Growth Path, in which the...
Jun 27, 2014
According to the New Growth Path (NGP) framework, which has been adopted as the framework for economic policy and the driver of the country’s jobs strategy, government has identified the green economy as one of the top 12 job drivers to assist in creating 300 000...
Jun 24, 2014
Jun 24, 2014
Rentia van Tonder
Banking group Standard Bank reports that it has, to date, underwritten more than R10-billion-worth of funding to support the roll out of renewable-energy projects in South Africa. The projects have arisen as a result of the first two bid windows under government’s...
Jun 20, 2014
T27/06/14 - Industrial Development Corporation (IDC) The Industrial Policy Support Fund (IPSF), administered by the IDC on behalf of the Department of Trade and Industry (the dti) invites capable service providers for the following request for proposal: proposal to...
Jun 13, 2014
Newly elected Minister of Economic Development Ebrahim Patel announced during the Africa Health Expo, held last month at Gallagher Estate, in Midrand, that the Gauteng Department of Health had ordered 12 digital radiography systems from low-radiation device company...
Jun 12, 2014
South Africa has much to celebrate on Global Wind Day, June 15, the South African Wind Energy Association (Sawea) said on Thursday. “… there is no better time to highlight our ongoing efforts towards bettering communities. Not only has [South Africa] embraced an...
Jun 05, 2014
Trans Hex CEO Llewellyn Delport
Amendments to JSE-listed Trans Hex’s 40%-owned subsidiary Emerald Panther Investments’s (EPI’s) agreement to acquire De Beers Consolidated Mines’ (DBCM’s) Namaqualand Mines, have been signed, providing for the creation of a special purpose vehicle (SPV) to house the...
Jun 04, 2014
May 29, 2014
EBRAHIM PATEL Minister Ebrahim Patel announces the purchase of 12 Lodox systems for Gauteng hospitals
Newly elected Minister of Economic Development Ebrahim Patel announced on Thursday that the Gauteng Department of Health had ordered 12 Lodox digital radiography systems worth R60-million for the province's health sector. The systems were destined for nine public...
May 28, 2014
Barloworld Power has been awarded a contract by Bosch Projects to supply equipment for a 4MW biogas-to-power project to be developed in Bronkhorspruit, 78km north-east of Boksburg. The clean electricity produced by the project will be used by a large automobile...
May 23, 2014
One of South Africa’s top experts on government aid to industry has suggested that the impact of the government’s incentives could be enhanced by simplifying the rules for obtaining assistance.  The suggestion came from Cova Advisory Director Tumelo Chipfupa, who was...
May 23, 2014
Abengoa Solar has reported that its Khi Solar One and KaXu Solar One concentrating solar power projects are both about 80% complete.
May 23, 2014
Abengoa Solar has reported that the Xina Solar One project will reach financial close by the end of June.
May 20, 2014
Tumelo Chipfupa
Popular consensus emerging from panelists at the Manufacturing Indaba, in Ekurhuleni, on Tuesday, is that, while industry is largely supportive of government’s various manufacturing incentive schemes, these require further bolstering through the implementation of...
May 02, 2014
Geoffrey Qhena: IDC will continue to support government’s industrial policy and development aspirations
South African development finance institution the Industrial Development Corporation (IDC) reports that it approved funding of more than R128-billion (R204-billion in 2013 prices) over the past 20 years, a period that coincided with the country’s democratic era. The...
Apr 29, 2014
The South African economy has undergone substantial transformation since the advent of democracy. It recorded an average economic growth rate of 3.2% per annum in real terms over the period 1994 to 2013, a remarkable improvement on the 1.4% average annual growth...
Apr 25, 2014
In Ernest Hemingway’s novel The Sun Also Rises, the question “How did you go bankrupt?” is posed. The response: “Two ways. Gradually, then suddenly.” For South Africa, the ‘gradually, then suddenly’ analogy could just as well be applied to the liberation struggle....
Apr 24, 2014
Apr 18, 2014
Africa should put differences of opinion and policy aside and speak with one voice when it comes to sustainable renewable energy. This was the overarching message during the inaugural African Photovoltaic Solar Energy Conference (AfricaPVSEC) held at the Durban...
Apr 16, 2014
Apr 10, 2014
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