Industrial Development Corporation
Inderin Govender is an accomplished professional with extensive experience in business development and deal-making. Since January 2007, Inderin has served as a Business Development Manager and Senior Dealmaker at the Industrial Development Corporation. Prior to this role, Inderin worked as a Portfolio Manager at Business Partners from January 2005 to December 2006. Inderin's educational background includes advanced studies at Duke University from November 2021 to May 2022, along with significant academic achievements at the University of California, Berkeley’s Haas School of Business, and multiple degrees from the University of KwaZulu-Natal.
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.