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Mail & Guardian
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Affidavit: About R121.5 million is allegedly linked to payments
associated with Emberton Limited. Photo: Supplied

Inside the R1.1bn SA Steel Mills deal now under scrutiny

Previously unreported affidavits have raised serious questions about the Industrial Development Corporation’s R1.1billion funding to SA Steel Mills, including allegations of weak…

The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.

Public Protector vs IDC Human Capital

Trust deficit in HC is driving disaffected employees to the PP

The IDC should establish an independent forum to address employee relations issues.
 Photo: -File

IDC avoids confirming board probe into Tinley Club Med deal

The IDC has not confirmed whether a formal board inquiry was conducted into the Tinley Club Med transaction, leaving key governance questions unanswered

Out of business: Apiwe Nxusani-Mawela of Brewsters Craft, an
agro-processing and beverage manufacturing company that shut down
after the Covid-19 pandemic. Photo: Supplied

IDC under scrutiny as entrepreneurs detail liquidation fallout

An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment…

The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

The IDC should establish an independent forum to address employee relations issues.
 Photo: -File

IDC deal must be scrutinised

Ramaphosa must now turn to the Industrial Development Corporation (IDC), which faces allegations of corporate governance failures similar to the PIC case. The latest concerns are…

Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to
prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

(L) IDC CEO Ms Mmakgoshi Lekhethe, (C) DTIC Minister Paks Tau and FPI Director General Claude Ntumba Batubonke,
at yesterday’s MOU signing ceremony

Reflections from the 2026 Mining Indaba

Critical Minerals, partnerships, and transformation were the key underlying themes to our participation at the just-ended Mining Indaba. Mining’s significance to SA’s economy…

File photo: Oupa Nkosi

Competition Commission to look into complaint over Actom’s acquisition of SSPM

Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal

Trade commission protects legacy steel giant from competitive imports

An outdated iron ore beneficiation value chain is holding back South Africa’s industrialisation, even as government imposes tariffs mainly affecting China to shield ArcelorMittal…

Women Creating Wealth Investor Readiness Programme

IDC and Graça Machel Trust help women to acquire vital business expertise

IDC performance highlights for 2022/23 FY

The Corporation ramped-up its investment into the economy significantly in the year in review. In the year ahead, job creation will remain paramount to the IDC’s objectives

(Paul Botes/M&G)

Government’s efforts to retrieve R287m from Gupta mine stalls again

Court sets aside appointment of Shiva Uranium, further prolonging four-year legal wrangle

Measuring a country’s capacity to achieve its NDC targets is crucial, because it provides the foundation for improving capacity development, enhancing knowledge and optimising financial flows.

South Africa improves on Covid-19 green stimulus index, but still falls short

Although it has joined 14 other countries with marked improvements, South Africa’s pandemic stimulus spending is still less than 50% green

It’s a history littered with lessons and crumbs of what was to become the SAA privatised. (Oupa Nkosi)

The treasury and the neoliberal agenda destroyed the state airline’s capabilities

It’s a history littered with lessons and crumbs of what was to become the SAA privatised

No comment (yet): Given Mkhari’s MSG Afrika is a majority shareholder in Rhythm FM. Disgruntled shareholders are concerned about the fate of the radio station. Photo: Gallo Images/City Press/Elizabeth Sejake

Seven years’ radio silence for taxpayer-funded Rhythm FM

Almost R50-million of taxpayers’ money has been invested but the station is yet to broadcast a single show

Banks are under pressure from governments and entrepreneurs to play a more active role in supporting investment and industrialisation by directly lending to sectors driving growth and jobs.

South Africa’s economic plan for Covid-19

Relief for small businesses, tax breaks, employment incentives — Ramaphosa’s drastic measures to fight the effects of Covid-19

Hitting the roof: Mphedziseni Makhesha was so exasperated with the department of trade and industry’s delay in paying a grant they awarded him, that he took it to court. (Oupa Nkosi/M&G)

DTI yet to pay, despite court order

Even though the department awarded a grant to a company on its black industrialists scheme, the money has not been forthcoming

Lebeko Marabe (technical director ),  Tlotliso Molapo (CFO),Terence Leluma (Managing director), Ipeleng Matlhoko (marketing executive), Tebatso Sodi (Quality and Supply Director)

Cooking up a multi-million rand recipe

It takes absolute belief in your product to get a small business going

Attention to detail, Chaz Ngaka looks on as one of her employees adds finishing touches to a product

Stitched for success

The Industrial Development Corporation is working in partnership with the department of trade and industry to uplift the clothing and textile industry