INDUSTRIAL DEVELOPMENT CORP OF SA LTD
Financial Services in Nelspruit

Pharmaceuticals company Pharma Q (Pty) Limited is a beneficiary of the IDC We provide finance for industrial development projects, play a catalytic role in promoting partnerships across industries within and outside our borders, and promote regional economic growth\. Using our diverse industry expertise to drive growth in priority sectors; and. Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We aim to be the primary source of commercially sustainable industrial development and innovation to benefit both South Africa and the rest of Africa. Our mandate is to contribute to the creation of balanced, sustainable economic growth in South Africa and on the rest of the continent. 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. We have 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. During the 1990s, our mandate was expanded to include investment in the rest of Africa. The Mozal aluminium smelter in Mozambique was the first such venture. We 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, our investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications. 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 industrialisation. In addition, IDC funding continues to promote regional development and integration, economic empowerment of communities and growing black industrialists. The IDC remains committed to promoting environmentally sustainable growth and increasing sectoral diversity to boost the local production of goods. The corporation also plays a critical role, directly and through its sefa subsidiary, in promoting entrepreneurial development and growing the SME sector. While our funding activities focus mainly on the private sector, we work closely with different levels of government agencies and sector organisations to coordinate industry development. We also support government in other areas related to its development objectives, such as research and management of government funds allocated to achieving specific outcomes. We pro-actively develop and implement strategies in the rest of Africa to create and integrate value chains across the continent. Our aim is to use the strengths of different countries in the region to establish a more competitive industrial base. Improve regional equity, including the development of South Africa’s rural areas, poorer provinces and industrialisation in the rest of Africa. Support the transformation of communities and development of black industrialists. We offer a wide range of products from debt equity to providing working capital and equipment finance. Stay informed and read our award-winning research reports, as our team keep tabs on the economic trends globally, regionally and locally.