Industrial Development Corporation
Vusumuzi Dube is a seasoned professional in the mining and metals sector with extensive experience at the Industrial Development Corporation of SA Ltd. (IDC) since February 2008, currently serving as Business Development Manager. Dube has a proven track record in sourcing and developing bankable transactions, leading due diligence teams, and evaluating funding applications. Prior roles include Senior Dealmaker and Dealmaker at IDC, and earlier positions such as Mine Overseer at AngloGold Ashanti and Mining Engineer at Modular Mining Systems. Dube’s career in the mining industry began at AngloGold Ashanti, progressing from Trainee Mining Engineer to Mine Overseer. Dube holds a Master of Business Administration from GIBS Business School and a BSc in Mining Engineering from the University of the Witwatersrand.
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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.