Industrial Development Corporation
Stieneke Jensma currently serves as the IZP COO at the Industrial Development Corporation since September 2022 and has held the position of Chief Director at the Department of Trade and Industry since October 2011, focusing on cluster development, policy, strategic planning, and project management. Prior to these roles, Stieneke Jensma was the COO at SEZ PMU from August 2021 to September 2022. Stieneke Jensma holds a Master of Business Administration (MBA) from the University of Pretoria and a Bachelor of Commerce (B.Com.) from UNISWA.
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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.