Eastern Cape

Overview: IDC Regional operations >

Eastern Cape



With its net approvals in 2012 amounting to R861-million in the Eastern Cape, the Industrial Development Corporation’s (IDC) funding was across a number of sectors, including the automotive industry, agro-processing and textiles with the majority of funding channelled towards the relatively new renewable energy sector.

 

In the renewable energy sector, the IDC funded a number of wind farms within the Eastern Cape as well as the DCD wind turbine tower factory in the Coega Industrial Development Zone.


The Department of Trade and Industry (the dti) with its Automotive Production and Development Programme, which aims to increase local production of light motor vehicles to 1.2 million a year by 2020, has greatly assisted the Eastern Cape automotive sector. IDC has supported this sector by providing financial assistance to the suppliers of the Original Equipment Manufacturers (OEMs). This has enabled component manufacturers to increase their production value add as suppliers and for the OEMs to increase their local content procurement.

For the near future, the IDC Eastern Cape office is looking to support agro-processing projects which will assist in the rejuvenation of the irrigation schemes within the province and to finance the processing of natural fibres from sheep and goats. In addition, IDC aims to finance community forestry projects and concentrate on supporting the strong automotive sector within the province which can be expanded into other advanced manufacturing as component suppliers to the renewable energy sector.

East London
Physical address:

Chesswood Office Park
2nd Floor Block B
Winkley Street
Berea, East London


Postal address:
PO Box 19048
Tecoma
5214


Telephone:
Tel: 043 721 0733
Fax: 043 721 0735


Port Elizabeth
Physical address:
Southern Life Gardens
Block A (Ground)
70 Second Avenue
Newton Park, Port Elizabeth

 

Postal address:
PO Box 27848
Greenacres
Port Elizabeth
6057

 

Telephone:
Tel: 041 363 1640
Fax: 041 363 2349

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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