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The Industrial Development Corporation of South Africa (IDC) is a national development finance institution based in Johannesburg, South Africa, focused on promoting economic growth and industrial development by funding projects to build domestic industrial capacity. It actively supports a broad range of sectors, including manufacturing, petrochemicals, minerals beneficiation, fabricated metals, agriculture, clothing, and textiles. The IDC reported an annual revenue of $379 million in 2024 and maintains a workforce of 1,062 employees. Historically, the IDC has been instrumental in establishing significant South African industrial ventures, notably providing initial funding for Sasol in 1950. Isaac Malevu currently serves as the Chief Financial Officer. Established by an Act of Parliament (No. 22 of 1940), the IDC operates without specific individual founders.
Key people at Industrial Development Corporation of South Africa.
Industrial Development Corporation of South Africa has 2 tracked investments across 1 company. The latest tracked deal is $10.0M Series A in DataProphet in August 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 10, 2022 | DataProphet | $10.0M Series A | Andrea Böhmert | Norican |
| Aug 25, 2020 | DataProphet | $6.0M Series A | — | Knife Capital, Anders Wilhjelm |
Key people at Industrial Development Corporation of South Africa.
