IDC reports R4.65bn loss amid restatements
Isaac Malevu – CFO, Industrial Development Corporation
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fuel prices | geopolitics | IDC | MoneywebTV | Mzansi Business | Podcasts
Middle East war tests TSS Petroleum’s supply chain resilience
TSS Petroleum Group founder and CEO Faith Madoda discusses how tensions in the Middle East are affecting SMEs in the fuel and industrial supply sectors, and how his company is adapting to keep critical industries running.
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Apiwe Nxusani-Mawela | Brewsters Craft | Business | Covid-19 | development finance institutions | IDC
IDC under scrutiny as entrepreneurs detail liquidation fallout
Amid growing calls for an inquiry into the Industrial Development Corporation (IDC), entrepreneurs in distress are speaking about their experiences with the state-owned lender. The push follows appeals by theNational African Federated Chamber of Commerce and Industry (Nafcoc) and opposition parties for scrutiny of the IDC’s lending practices, after several black-owned companies faced liquidation over…
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Questions raised about new R2.5bn Chinese steel mine
‘I cannot understand the purpose of adding more and more capacity in a country where we do not have any growth in steel demand’ – South African Iron and Steel Institute secretary-general Charles Dednam.
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[FULL SHOW] IDC’s ArcelorMittal bid, grads’ first paychecks, and plastic-free retail
This evening, we unpack the IDC’s R8.5bn bid for control of ArcelorMittal SA, explore the First 100 Paychecks Report to understand the financial habits of young graduates, speak to the SAB Foundation about its Social Innovation and Disability Empowerment Awards, and learn how Smartfill dispensers are driving the shift toward plastic-free retail.
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78-year-old South African company faces R8.5 billion state takeover
State-owned development finance institution, the IDC, is reportedly working with financial advisers on a possible bid for control of ArcelorMittal SA’s business in the country.