Mvuleni Geoffrey Qhena is no longer serving in their position at Industrial Development Corp. of South Africa Ltd.

Jan 02, 2019
Board and Executive Moves
Background Information
IDC is an active manager which aims to promote balanced, sustainable economic growth in Africa. The firm seeks to fund entrepreneurs starting new enterprises or to support companies wishing to extend existing operations. To be eligible, they must be economically profitable, sustainable and comply with international environmental standards. In addition, shareholders/owners are expected to make a financial contribution (the contribution of historically disadvantaged people may be lowered under special circumstances, in which case IDC will be prepared to extend finance in excess of the owner's contribution. The IDC does not re-finance fixed assets since their aim is to expand the industrial base.