The IDC COVID 19 Distressed Fund for Small Industrial Business is a development finance institution established in 1940 that is 100% owned by the South African government. It has total assets of R110 billion and provides custom financial products above R1 million, such as debt, equity, and guarantees, to support entrepreneurs and industrialization projects across South Africa and Africa. It operates through its head office in Johannesburg and 24 regional and satellite offices.

1. IDC COVID 19 DISTRESSED FUND FOR
SMALL INDUSTRIAL BUSINESS
Mandisi Rungqu
03 December 2020

2. Overview of the IDC
2
o Established: 1940
o Type of organisation: Development Finance Institution (DFI)
o Ownership: State owned company, 100% owned by the SA
government
o Total assets: R110 billion (31 March 2020 - group)
o Total liabilities: R49 billion (31 March 2020 - group)
o Funding status: Fund operations and growth from investments
and borrowings, pay dividends and income tax
o Main business area: Providing funding for entrepreneurs and
projects contributing to industrialisation
o Geographic activities: South Africa and the rest of Africa
o Products: Custom financial products above R1 million to suit
project’s needs including debt, equity, guarantees or a combination
of these
o Stage of investment: Project identification and development,
feasibility, commercialisation, expansion, modernisation
o Number of employees: 838 (March 2020)
Operational Footprint:
o Head Office -
Johannesburg
o 24 Regional and
Satellite offices