Industrial Development Corporation
Reshlin Naidoo is a seasoned finance professional currently serving as a Senior Dealmaker at the Industrial Development Corporation since September 2023. As a Co-Founder of Modern Butler since February 2021, Reshlin has a wealth of experience in investment and consulting roles, including Associate Director at CAPIC for a brief period in 2023 and Investment Associate at AFGRI Operations Limited from April 2022 to August 2023. Additional prior positions include Strategic Business Consultant at AFGRI, Senior Associate 2 at PwC Deals, and Associate Financial Analyst at AFGRI Investment Services. Reshlin began a career as an Analyst at AFGRI and gained initial experience as an Admin and Sales Assistant at Ceramic World. Academic credentials include a BCom in Accounting from the University of Johannesburg, a Postgraduate Diploma in Investment Management from Milpark Business School, and a Business Analytics program from Harvard Business School Online.
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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.