The announcement was made by CEO, Geoffrey Qhena, who said funding would be available at prime less 3%.
This will be across all IDC mandated sectors to businesses that demonstrate economic merit and efficiency in new job creation. Applications would be considered from R1 million up to R1 billion. The IDC also set aside R750 million to assist businesses affected by the recent floods and drought.
For more information, contact the IDC on 086 069 3888 or visit www.idc.co.za