Overview: IDC Regional operations >

Mpumalanga IDC

With numerous pockets of Afromontane forest dotted around Mpumalanga, the forestry sector is one of the major driving forces of the provincial economy. And the Industrial Development Corporation has taken full advantage of this opportunity.

It is the largest shareholder in York Timbers, with a 28.7% stake. The timber group generates R1.132-billion in gross revenue and R88-million in processing profit. The IDC has also funded seven other companies in the sector, including White River Sawmills and Elegant Line Trading.

In recent years, it has played a major role in the mining sector, directing its funds particularly to coal. Companies involved include Kusile Mining, a service provider and open cast miner based in Witbank, and Pembani Coal in Carolina.

At present, the corporation is looking to capitalise on the province’s growing tourism market. It has teamed up with the Mpumalanga Tourism and Parks Agency to develop two tourist attractions – a skywalk at God’s Window and a cable car in the Blyde River Canyon.

In the 2012/2013 financial year, the IDC’s regional office approved R88-million, so creating 373 jobs across four sectors, namely agro-industries, mining and minerals beneficiation, forestry and wood products, and tourism. The office, based in the province’s capital of Nelspruit, aims to develop communities throughout the region, through ventures that fit its funding strategy.

Physical address:
The Maxsa Building
Suite 702, 7th Floor
15 Ferreira Street
Mbombela 1200

Postal address:
PO Box 3740

Tel: 013 752 7724
Fax: 013 752 8139

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Our sectors

Our strategic business units work in three distinct areas: the services sector; within the mining and manufacturing sector; and in the agro-processing and new industries environment. MORE >

Our regional support

We make an impact across the country, helping develop new business, growing existing companies, boosting local economies and providing expertise wherever needed. MORE >

Annual report

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

Our products

We offer a wide range of products from debt equity to providing working capital and equipment finance. MORE >

Our research

Stay informed and read our award-winning research reports, as our team keep tabs on the economic trends globally, regionally and locally. MORE >

Corporate responsibility

We are playing our part in improving the quality of life of all our communities, especially in rural and underdeveloped areas. MORE >

Doing business with us

This is your one-stop-shop where you can engage with us directly via our e-services. MORE >

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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