Industrial Development Corporation
Simphiwe Buthelezi is a qualified Plant and Equipment Valuer with extensive experience in asset valuation across various notable organizations. Currently serving in the Chief Operating Officer Division at the Industrial Development Corporation since December 2021, Simphiwe assesses and provides expert advice on physical asset values, ensuring proper valuation for collateral purposes. Prior roles include Plant and Machinery Valuer at Land Sterling, where responsibility included managing valuation operations and producing detailed reports, and Plant and Machinery Asset Valuer at The Valuator Group, focusing on specialist valuations in the Johannesburg area. Simphiwe began as a Plant and Machinery Appraiser at Marsh, overseeing project management and inspections. Educational achievements include various certifications from the American Society of Appraisers in Fair Value Measurements and Machinery and Technical Specialties, along with a Diploma in Project Management from IIE Varsity College.
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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.