Industrial Development Corporation
Ronnie Bower is a seasoned professional with extensive experience in business advisory, credit risk management, and client relations. Currently serving as a Senior Specialist in Business Advisory and Turnaround at the Industrial Development Corporation of SA Ltd. since January 2016, Ronnie manages distressed client portfolios through strategic business rehabilitation and debt restructuring. Prior experience at Nedbank included roles as a Senior Credit Risk Manager and various business manager positions, where the focus was on relationship building and risk management across different sectors. Educational qualifications encompass an MBA from GIBS Business School, a PgDip in General Management, a Certified Rescue Analyst credential, and dual Bachelor of Commerce degrees in Financial Accounting and Management.
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.