Industrial Development Corporation
Kevin Hodges has extensive experience in the mining and geology sectors, currently serving as the Mining Industry Champion at the Industrial Development Corporation of South Africa (Pty) Limited since July 2008, focusing on financing and developing mining projects. In addition to this role, Kevin holds directorship positions at Sheba's Ridge Platinum Pty Ltd and previously at Kolwezi Tailings SARL, as well as having been a board member of the Council for Geoscience of South Africa. Prior roles include Senior Projects Manager and Projects Manager at the Industrial Development Corporation, where Kevin led and developed various mining projects. With a foundational background in exploration and geology, Kevin began a career in the industry at Soekor and West Rand Consolidated before transitioning into project financing and management. Kevin earned a B.Sc. (Hons) in Geology from the University of Natal between 1979 and 1985.
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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.