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Introducing the Industrial Development Corporation (IDC) Presentation by:

Introducing the Industrial Development Corporation (IDC) Presentation by:. Raisibe Morathi Chief Investment Officer Industrial Development Corporation of South Africa Introducing the IDC Johannesburg 09 June 2004 . Corporate profile….

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Introducing the Industrial Development Corporation (IDC) Presentation by:

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  1. Introducing the Industrial Development Corporation(IDC)Presentation by: Raisibe Morathi Chief Investment Officer Industrial Development Corporation of South Africa Introducing the IDC Johannesburg 09 June 2004

  2. Corporate profile… • Established in 1940, the IDC is a self-financing, state-owned development finance institution • Provides financing to entrepreneurs engaged in competitive industries • Follows normal company policy and procedures in its operations • Pays income tax at corporate rates and dividends to the shareholder • Independent Boardof Directors • Reports on a fully consolidated basis, with its Annual Report freely available to the public

  3. CIO Raisibe Morathi CFO Geoffrey Qhena Marketing & Corporate Affairs Division Neo Sowazi Services Sectors Division Gerrit van Wyk Industrial Sectors Division Ufikile Khumalo HR Division Lesé Matlhape Projects Division Jaco Kriek Professional Services Trevor Mashabane Legal Services & General Counsel Division Tony Tshivhase 14 Strategic Business Units (SBUs), each focussed on specific economic sectors 23 Supporting departments IDC’s Operational Structure… CEO / President Khaya Ngqula COO Gert Gouws

  4. IDC Objectives • Create employment opportunities • Improve the real standards of living of all South Africans: • Poor provinces • Rural areas • Foster entrepreneurship • Small and medium enterprises • Economic empowerment of the historically disadvantaged, including broad based • Development of industrial capacity in Africa

  5. Total Value of financing approvals % of GFCF Rand billion 90 7 Rand billion at 2002 prices 83.5 As a % of Gross Fixed Capital Formation (GFCF) in SA 75 6 Projected IDC Financing 60 5 45 4 30 3 16.7 15 2 0 1 1940s 1950s 1960s 1970s 1980s 1990s *2000s IDC financing to reach over R80 billion in 2000-2010 IDC financing trend (1940s - 2000s)… low economic activity

  6. Investing in the Economy… Financial year 2002/2003… IDC’s investment approvals amounted toR 6.2 billioninvolving345 deals IDC’s investmentsas percentage of private sector investment activity amounted to4.7% of GFCF IDC awarded an investment grade rating of Baa2 from Moody’s Investor’s Service

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