Fundraising Fox

Industrial Development Corporation South Africa

Government fund

Sandton · Seed–Late Stage · 38 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

As a key implementing agency of South African industrial policy, the IDC identifies and funds high-impact, labour-intensive industrial projects aligned with the National Development Plan, New Growth Path, and Industrial Policy Action Plan. It provides loan and equity financing to grow sustainable industries, create globally competitive sectors, and promote job-rich industrialization. The IDC prioritizes economic empowerment by funding black-owned and empowered companies, black industrialists, women, and youth-owned enterprises, while supporting SME development through its subsidiary Sefa. It takes on higher-risk projects, leads the creation of new industries, and drives regional development across South Africa and the wider African continent, spanning mining, agriculture, manufacturing, tourism, and telecommunications.

Source: firm website, verified Aug 2, 2026.

Stage
Seed–Late Stage
HQ
Sandton, ZA
Instruments
Equity · Debt
Founded
1940

Team · 38 people

from the firm's website
Mmakgoshi Lekhethe· Chief Executive Officer
David Jarvis· Chief Operations Officer (Acting)
Isaac Nkululeko Malevu· Chief Financial Officer
Andre Kriel· Board Member
Bongani Miya· Agro-Industries and Services Sectors
Brian Dames· Board Member
Busi Mabusa· Board Member
Cerina Haripersad· Regional Administrator
Daphne Kambule· Regional Administrator
Desire Adams· Regional Administrator
Fikile Mkanisi· Regional Administrator
Kedibone Moeketsi· Regional Administrator
Lindelwa Ngonyama· Regional Administrator
Lucretia Khumalo· Client Support and Growth
Mark Goliath· Manufacturing
Maryam Suliman· Regional Administrator
Maseapo Kganedi· Group Company Secretary
Monica Ntlabati· Regional Administrator
Mpho Kubelo· Chief Risk Officer
Nazlie Hassen· Regional Administrator
Nina Yose· Mining, Metals, Infrastructure and Energy (Acting)
Patience Mushungwa· Human Capital
Phiwe Marumo· Strategy and Corporate Affairs (Acting)
Rian Coetzee· Industry Planning and Project Development
Sandra Bogatsu· Regional Administrator
Sandra Mphuti· Regional Administrator
Sherill Fry· Regional Administrator
Thandi Orleyn· Board Member
Tryphosa Ramano· Board Member
Tshepo Legodi· Legal & Compliance
Virginia Mpanamana· Regional Administrator
Zikhona Maseti· Regional Administrator

Frequently asked questions

What stage does Industrial Development Corporation South Africa invest at?
Industrial Development Corporation South Africa invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does Industrial Development Corporation South Africa focus on?
Industrial Development Corporation South Africa focuses on Advanced Manufacturing, AgTech, Climate Tech, Energy, Impact & Social Good.
Where is Industrial Development Corporation South Africa located?
Industrial Development Corporation South Africa is headquartered in Sandton, ZA.

Images

Industrial Development Corporation South Africa photo

Similar investors

Featured in lists