IDC reports strong rise in support for black industrialists as disbursements fall

South Africa’s Industrial Development Corporation (IDC) has announced that its funding approvals have increased to a record R15.3-billion in 2017, but also confirmed that it would not meet a five-year target, set in 2015, of R100-billion in approvals by 2020. Presenting the financials in Polokwane, Limpopo, CEO Geoffrey Qhena also reported that actual disbursements decreased by 3% to R11-billion last year, partly owing to a delay in the conclusion of power purchase agreements (PPAs) for ...