Industrial Development Corporation
Christopher Fourie possesses extensive experience in investment banking and business development, having held key roles such as Vice President of Investment Banking at Standard Chartered Bank and M&A Manager for Africa at Puma Energy. As an Independent Business Consultant and formerly employed by the Industrial Development Corporation, Christopher Fourie demonstrates a strong ability to drive business growth and strategic initiatives. Academic credentials include an Engineer’s Degree in Chemical Engineering from Stellenbosch University and qualifications from The Chartered Institute of Management Accountants.
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Industrial Development Corporation
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The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.