About IDC

Key government policies

Growing industry through financing key projectsImraan Textile Mills – Durban

Key policies

The IDC adapts its role in sustainable economic development as national priorities evolve.

Three frameworks guide our approach: the National Development Plan, the New Growth Path and the Industrial Policy Action Plan.

National Development Plan

The National Development Plan (NDP) aims to eliminate poverty and reduce inequality by 2030. It defines a desired destination and identifies the role different sectors of society need to play to achieve these goals.

As a long-term strategic plan, the NDP serves four broad objectives:

  • Providing overarching goals for what South Africa wants to achieve by 2030;
  • Building consensus on the key obstacles to achieving these goals and what needs to be done to overcome those obstacles;
  • Providing a shared long-term strategic framework within which more detailed planning can take place in order to advance the long-term goals set out in the NDP; and
  • Creating a basis for making choices about how best to use limited resources.

To make meaningful progress in eliminating poverty and reducing inequality, the NDP points out that South Africa needs to improve the quality of education, skills and make optimum use of its resources. This will spark a cycle of development that expands opportunities, builds capabilities and raises living standards.

Find out more about the NDP.

New Growth Path

Key drivers in government policy are the creation of jobs, the reduction of inequality and poverty alleviation. To ensure this happens, the government has set out on a New Growth Path.

This path is both bold and imaginative in its destination – the creation of millions of new jobs. At the same time, it takes into account the broader global factors that impact us locally.

The New Growth Path also outlines how South Africa can achieve a more developed, cohesive and equitable economy. It identifies specific focus sectors to generate an inclusive, green economy.

Find out more about the New Growth Path.

Industrial Policy Action Plan

The Industrial Policy Action Plan (IPAP) sets out in detail key actions and time frames for the implementation of industrial policy. It has three main components:

  • A range of sectoral actions;
  • A set of cross-cutting actions of particular importance for industrial policy; and
  • Measures to improve government’s organisation and capacity to implement industrial policy.

The action plan aims to promote long-term industrialisation and diversification beyond traditional commodities and non-tradable services, expanding production in value-added sectors with high employment and growth opportunities.

Emphasis is placed on labour absorbing production and services sectors, increasing access to the economy of historically disadvantaged people and regions, and building South Africa’s contribution to industrial development beyond our borders.

Find out about the IPAP [PDF 2.4mb].

Youth development

The plight of South Africa’s youth, specifically the excessive levels of youth unemployment, is relentlessly in the spotlight and dealing with it is a national imperative and one of government’s priorities. We have a direct interest in addressing youth unemployment; our approach is to tackle education, work experience and entrepreneurial development. Read more

Broad-based Black Economic Empowerment

We support Broad-based Black Economic Empowerment (BBBEE), a government policy to advance economic transformation and enhance the economic participation of black people in the South African economy. Read more

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Advancing Industrial Development covers our financial and non-financial strategy and performance aspects for 2015. MORE >

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Domestic Medium Term Note Programme

The Industrial Development Corporation of South Africa Ltd has established a ZAR15,000,000,000 Domestic Medium Term Note Programme (as amended and updated on 17 July 2012). You can read the memorandum here. MORE >

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