Page 102 - KZN Top Business Portfolio 2025 V1-EBOOK

INDUSTRIAL DEVELOPMENT
CORPORATION (IDC)

sustainable employment-creating industrialisation in
South Africa and the region.
OUR VALUES
Our day-to-day activities and business conduct are
guided by our values.
§ Passion
§ Partnership
Regional Manager KZN: § Professionalism
Pat Moodley
KEY PERSONNEL
Full Name of Company: The Industrial Development
Corporation of South Africa Ltd (IDC) Regional Manager KZN: Pat Moodley
Nature of Business: Development Finance Institution CONTACT DETAILS
Holding Company: Self-financing corporation owned KWAZULU-NATAL DURBAN OFFICE:
by the South African Government Physical Address: Office 2101, 21st Floor, The Embassy
Date Established: 1940 Building, 199 Anton Lembede Street, Durban, 4001
Postal Address: P.O. Box 2411, Durban, 4000
OUR PURPOSE Tel: +27 (0)31 337 4455
To drive an ambitious programme of inclusive and Website: www.idc.co.za

DRIVING ECONOMIC GROWTH AND to R20 million, from assessment to disbursement, and
INCLUSION IN KWAZULU-NATAL then work alongside businesses to help them grow
and create jobs.”
The Industrial Development Corporation (IDC), The IDC’s partnership approach goes beyond
established in 1940, is a self-financing, state-owned financing. Once funding is approved, the team
development finance institution with a clear collaborates with clients to ensure operational
mission: to fund sustainable industries, support stability and potential expansion, stimulating job
entrepreneurs, and build an inclusive South African creation across the province.
economy. Recognising that South Africa’s prosperity
is tied to the broader African market, the IDC targets Identifying Growth Sectors
sectors with high growth potential and untapped A key strategy of the KZN office is identifying
resources, creating opportunities for both local and industries with strong growth prospects. Sectors
regional development. such as textiles, clothing and footwear benefit
from the province’s proximity to the Durban port,
Expanding the IDC’s Reach in KZN while agro-processing, chemicals, plastics, medical
KwaZulu-Natal (KZN) hosts one of the IDC’s earliest products, wood and furniture, automotive, machinery
regional offices, part of a footprint spanning all nine and equipment, forestry, energy, and infrastructure all
provinces. Regional Manager Pat Moodley leads the receive targeted support.
office with a mandate to extend the IDC’s support to
local enterprises, particularly small and medium-sized The IDC also prioritises localisation to reduce imports,
businesses (SMEs). particularly in manufacturing. In the automotive
sector, for example, the corporation has helped first-
“Our goal is to ensure that the SME sector thrives in and second-tier component manufacturers meet
KZN,” says Moodley. “Through our Small Business local content requirements, improving their global
Finance unit, we process funding applications of up competitiveness.

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