Mr. K. is an experienced audit professional currently serving as the Head of Internal Audit at the Industrial Development Corporation of SA Ltd. (IDC) since October 2012, where responsibilities include managing internal audits, forensic investigations, and IT audits, as well as developing departmental strategies aligned with corporate goals. Prior to this role, Mr. K. held the position of Head of Audit at IDC from 2004 to 2012, and served as Audit Manager at Discovery Health from 2002 to 2005 and at FirstRand Bank Limited from 1999 to 2003. Mr. K. possesses a strong educational background, including a Master’s Degree in Global Executive Development from GIBS Business School, a CA (SA) qualification from SAICA, and various degrees related to auditing and commerce from the University of Johannesburg, University of South Africa, and University of Zululand.
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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.