Industrial Development Corporation
Kabelo Chaane is an experienced finance professional currently serving as the Manager for Post Investment Monitoring at the Industrial Development Corporation since July 2022, where responsibilities include overseeing the Large Development Debt book and associated risks. Previously, Kabelo held significant positions at the Land and Agricultural Bank of South Africa, including General Manager for Post Investment Management Services, managing a loan book of R36bn, and Senior Manager for Workout and Restructuring, focusing on distressed corporate clients. Additional experience includes roles as Senior Credit Manager at RMB Private Bank and FNB Private Wealth, Specialised Lending Manager at Standard Bank Wealth and Investment, and Credit Portfolio Manager at both Barclays Wealth Management and Nedbank Corporate and Business Banking, as well as a Credit Analyst at Absa Corporate and Business Banking. Kabelo holds a Master of Philosophy in Development Finance from Stellenbosch University and various degrees in Finance and Accounting from South African institutions.
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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.