Corporate Social Investment
 
Corporate Social Investment

Our Approach

The following guiding principles are applied when selecting projects for support.

  • Developmental – holistic long-term investment in projects instead of philanthropic donations and brand promotion
  • Alignment with country and corporation’s developmental priorities – job creation, education and skills development
  • Proactive identification of projects – discourages unsolicited requests from the public
  • Pro-poor – benefit the most marginalised members of society – strive to improve basic conditions of the poor
  • Collaboration – partner with like-minded organisations to maximise impact and leverage resources
  • Socio-economic transformation – BBBEE (Socio-economic development)
  • Focus on impact

CSI Focus Areas

  • Education and Skills development
  • Entrepreneurship Development

Key Criteria

A programme/project will be considered for funding if:

  • It is aligned to IDC’s values and principles
  • Falls within the IDC’s identified focus areas
  • It’s focus areas are identified by the IDC
  • It addresses development priorities of the country (education, health, rural development, poverty alleviation, job creation)
  • The project promoters show commitment, ownership and accountability
  • Its approach is holistic with potential partnership models
  • It is located within socio-economic transformation and BBBEE agenda – i.e. at least 75% of beneficiaries are black and the objective is to improve the lives of people in marginalised communities
  • It demonstrates the ability to be sustainable beyond CSI funding
  • It is implemented by non-profit entities
  • It meets basic and developmental needs of intended beneficiaries
  • Intended beneficiaries are consulted and form part of the decision-making process of the initiative

Exclusions

The following activities /initiatives are excluded from CSI funding:

  • Political parties and associations with political affiliations
  • Trade unions and religious organisations - unless the organisations have a programme / initiative that holds the objective of improving the lives of marginalised communities and / or individuals.
  • The programme / initiatives must also not discriminate individuals / communities based on affiliation
  • Profit making concerns – unless grant funds are all allocated towards a project / initiative that benefits the community / individuals as outlined in the criteria
  • Any establishment of religious worship – unless the establishment has an outreach programme which benefits the community and not solely members of a particular religion
  • Attendance to conferences both local and international
  • Business or corporate sponsorship of events (This is covered by the Corporate Marketing and Communications Department)
  • Any activity, project or organisation whose objectives infringe the bill of rights or the Constitution or legislation of the Republic of South Africa.
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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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