Industrial Development Corporation
David Jarvis is an experienced executive with a robust background in strategy formulation and implementation across various sectors. Currently serving as the Divisional Executive for Strategy and Corporate Affairs at the Industrial Development Corporation since July 2013, David has held multiple leadership roles, including Interim CEO, where responsibilities included overseeing operations during leadership transitions and driving innovation in corporate strategy. Prior experience includes serving as General Manager of Strategy at the Development Bank of Southern Africa, where David developed long-term strategies and managed stakeholder relationships. David's earlier roles included research and strategy positions at the Department of Trade and Industry and the National Labour and Economic Development Institute. David holds a Master's degree in Industrial Organisational and Labour Studies from the University of KwaZulu-Natal.
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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.