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Distressed Fund

Supporting businesses in needSupporting businesses in need

The economic downturn of the last few years has put a lot of local businesses under severe financial strain.

In addition businesses have had difficulty accessing funding from traditional sources as banks tightened their credit facilities.

Against this background, the IDC has played its countercyclical role and set a R6-billion fund to assist companies negatively affected by the recession. The main objective of the intervention is to retain jobs and maintain productive capacity in the economy.

Some R1.4-billion was distributed to 28 companies during the 2009/2010 financial year, providing a much-needed lifeline for these businesses to turn around their operations and improve their position. About 8 800 jobs are expected to be created and saved because of this intervention.

The funds will help a business build capacity and create employment; provide working capital as well as operational and capital expenses, so helping the business to become competitive; ensure liquidity by providing funds not accessible by banks; and reduce the quantum of job losses.

To apply for assistance from our Distressed Fund, you will need to provide:

  • The latest audited financials (current and at least two years prior to profit deterioration);
  • The latest management accounts;
  • An updated business plan focusing on the company's turnaround;
  • A detailed description of the nature of the investment required, related costs and revenues; and
  • Evidence of development impact such as Black Economic Empowerment, rural and small or medium enterprise development, in addition to job creation and preservation.

Funding can take the form of debt or equity and is structured to your needs. Guarantee facilities are also available.

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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