Industrial Development Corporation
Estelle Solomons is a seasoned professional with extensive experience in strategy execution and turnaround management. Currently serving as the Manager of Strategy Execution at the Industrial Development Corporation of SA Ltd. (IDC) since October 2012, Estelle has played a pivotal role in regional management, focusing on deal sourcing, stakeholder engagement, and driving rural economic development. Previous roles include Turnaround Specialist at DBSA and Programme Manager at 3P Consulting (Pty) Ltd, as well as Consultant at Pick Mphuthi & Associates. Estelle holds a Master of Public Administration from Regenesys and a B.Compt (Honours) in Accounting from the University of South Africa, complemented by a certificate in Leading Strategic Projects from the Saïd Business School, University of Oxford.
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Industrial Development Corporation
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The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.