DOWNSTREAM STEEL INDUSTRY COMPETITIVENESS FUND (DSCIF)
To help the struggling steel industry with an interest subsidy that offers discounts to qualifying clients.
- Foundry industries;
- Fabrication sectors - focused on pressure vessels, pipes and pipe fittings sub-sectors; structural steel and any fabrication work in support of steel intensive designated sectors/products;
- Parts and component manufacturers of steel-intensive products;
- Valve and pump manufacturers;
- Machining plants;
- Capital equipment industries particularly steel intensive rail and rolling stock components; and
- Any other steel-intensive business.
- Applicant can be a start-up and expansion; and
- Enterprises that create net additional employment are prioritized, particularly opportunities with greater labour intensity. Saved jobs are also be considered.
Purpose of Funding
- Finance provided for the following:
- Modernization of plant machinery and equipment;
- Upgrade of plant machinery and equipment to meet quality assurance requirements;
- Capacity expansion of existing plants;
- Process improvements for cost efficiencies and productivity and assist with plant optimization;
- Working capital requirements or revolving facility;
- Assist firms to achieve appropriate industry quality certification and standards including environmental standards; and
- Development and testing of prototypes, as well as the testing and certification of new products.
Instruments and Pricing
- Quasi equity and loans;
- Maximum of R75 million per transaction;
- IDC Risk Pricing less:
- 2% for enterprises with annual turnover up to R123.5 million; and
- 1.5% for enterprises with annual turnover greater than R123.5 million
- Maximum discount period of 5 years; and
- Standard IDC fees apply.
- Pilot plants
- Integrated steel mills
- Component manufacturers that qualifies for other incentives
- Large multinational OEMs and assemblers and their subsidiaries that already benefit from a specific government support programme, e.g. Automotive Production and Development Programme (APDP)
CEO Regional Roadshow
Live from the event
Click here to view live streaming from the CEO Regional Roadshow (when available).
Engaging with key stakeholders in the regions
Since the establishment of IDC’s regional offices nine years ago, the regions have made a significant contribution to IDC’s mandate in driving industrial development and facilitating job creation.
The regional offices contributed R3.5 billon to IDC’s R11.5 billion funding approvals for the 2014/2015 financial year. This has resulted in 102 deals being funded, channelled through our regional offices. The IDC’s presence in the regions is critical, which is why the corporation has a footprint of 14 regional offices and 10 satellite offices.
The IDC CEO, Mr. Mvuleni Geoffrey Qhena will be embarking on a CEO Regional Roadshow from May to November 2016, during which he will visit the regions to engage with key stakeholders. These stakeholders include current and potential clients as well as other partners. The roadshow will also provide an opportunity to increase awareness about the sectors that the IDC supports in an effort to attract potential clients with the focus on women, youth and black industrialists.
The CEO Roadshow gets to Kimberley on 11 November 2016 - LiveStream it right here.
The CEO Roadshow, LiveStream on 10 November 2016
Watch the video footage from 20 October 2016:
In line with one of our values, Partnership, we seek to enhance interactions and relationships with our current and potential clients through value-adding information. We look forward to your feedback on additional topics that you would like to see. Please contact us at firstname.lastname@example.org.
DTI Black Industrialist Scheme (BIS) Grant
About Centre for Corporate Governance
|Be part of the IDC Panel for Nominee Directors|
|The IDC Centre for Corporate Governance invites you to submit your expression of interest to be part of the IDC Panel for Nominee Directors.
The IDC Centre for Corporate Governance (“the Centre”) is an in-house centre established in January 2015 to enhance corporate governance so as to achieve business excellence as contemplated in Section 3(h) of the Industrial Development Act 22 of 1940.
The Centre aims to advance understanding and practice of corporate governance with the goal of positively impacting and improving corporate governance within the IDC and its Investee Companies.
The Centre currently has four focus areas namely:
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