Industrial Development Corporation
Lebogang Sekgalabye is currently an Industrial Psychology Intern at the Industrial Development Corporation, a position held since December 2023. Prior experience includes various roles at Cotton On Group from November 2019 to December 2022, including Third Key Holder, Sales Associate, and Seasonal Sales Associate. Lebogang completed a Master of Commerce in Industrial and Organizational Psychology at the University of Johannesburg in December 2023, following a Bachelor of Commerce Honours in the same field from the University of South Africa/Universiteit van Suid-Afrika in February 2021, and a Bachelor of Commerce degree from the University of Johannesburg, earned in November 2019.
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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.