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02, Mar 2021 -

The Industrial Development Corporation (“IDC”) is offering assistance to companies that are in distress.

The Industrial Development Corporation ("IDC") is offering assistance to companies that are in distress.


The Industrial Development Corporation is a national development finance institution whose primary objectives are to contribute to the generation of balanced, sustainable economic growth in Africa, and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens. The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles

MANUFACTURING COMPETITIVENESS ENHANCEMENT PROGRAMME (MCEP)  ECONOMIC DISTRESS PROGRAMME 

  • Available to companies that are financially distressed and not as a result of deeper structural issues, mismanagement or operating inefficiencies.
  • Available to a company that is unable to fund its operating activities within the immediate ensuing six months but have a sustainable business plan.

IDC COVID-19
- DISTRESSED FUND
 
IDC COVID-19  DISTRESSED FUND
 

IDC wants our country and its people to come out of this crisis still standing, safe and ready to move on!

READ MORE HERE

Contact IDC:
Email: callcentre@idc.co.za
Phone: 0860 693 888 

Source: IDC

 

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