Industrial Development Corporation
Sabelo Ntuli is an experienced finance professional currently serving as an Associate: Growth Catalyst and Listed Equities at the Industrial Development Corporation since January 2022, where responsibilities include overseeing a diverse portfolio of clients in various sectors and implementing value creation plans. Prior experience includes roles as an Investment Officer at both The Small Enterprise Finance Agency from August to December 2021 and Business Partners from March 2014 to February 2020. Sabelo’s career began as an Assistant National Account Manager at Rainbow Farms Limited and as a Customer Marketing Analyst at Rainbow Chicken Farms. Sabelo holds a Bachelor of Commerce in Accounting from Rhodes University and is currently pursuing a Postgraduate Degree in Business Administration and Management at MANCOSA.
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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.