INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED - NEF to be incorporated into IDC to guarantee funding for Black Entrepreneurs
IDCP05 IDCP06 IDCG06 IDCP04 IDCG08 IDCG03 IDCG04 IDCG05 IDCG09 IDCG10 IDCG11 IDCG02 IDCG07 201702160050A
NEF to be incorporated into IDC to guarantee funding for Black Entrepreneurs
INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA
(“IDC”)
REGISTRATION NUMBER: 1940/014201/06
JSE Code: ISIN:
IDCG02 ZAG000110164
IDCG03 ZAG000110149
IDCG04 ZAG000121682
IDCG05 ZAG000121716
IDCG06 ZAG000121732
IDCG07 ZAG000131350
IDCG08 ZAG000131368
IDCG09 ZAG000141011
IDCG10 ZAG000141029
IDCG11 ZAG000141037
IDCP04 ZAG000100629
IDCP05 ZAG000103896
IDCP06 ZAG000120395
NEF TO BE INCORPORATED INTO IDC TO GUARANTEE FUNDING FOR BLACK ENTREPRENEURS
On Tuesday, 14 February 2017, the Ministers of Trade and Industry and
Economic Development approved that the National Empowerment Fund (NEF) will
become a wholly owned subsidiary of the IDC. The IDC and NEF have been part
of a working team together with the respective Ministries in finalizing the
process to merge the NEF into the IDC.
The merger will not have an immediate impact on IDC and NEF’s operations
and employees. It will promote increased economic empowerment,with
specific focus on promoting Black Industrialists.
The working team will continue to drive the integration process. Once the
process has been finalized, further announcements will be shared.
Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank
Limited
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