Industrial Development Corporation
Nathi Magwaza is a seasoned professional with extensive experience in capability advisory and business development. Currently serving as a Senior Specialist: Capability Advisory at the Industrial Development Corporation since July 2022, Nathi focuses on enhancing client portfolios across various sectors by promoting strong balance sheets, effective risk management, and solid corporate governance. Previously, Nathi held the position of Principal Consultant at NSD Advisory (Pty) Ltd, overseeing strategic planning, talent assembly, and performance management. Nathi's career includes roles as an Investment Officer at KZN Growth Fund, a Manager at Accenture, and a Senior Consultant at Deloitte, with a strong background in financial modeling, project management, and digital strategy development. Nathi holds a BBusSc(Hons) in Finance, Accounting & Strategy from the University of Cape Town and is pursuing CFA Level II certification from the CFA Institute.
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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.