Industrial Development Corporation
Lynette van der Walt CA(SA) is an experienced finance professional with a strong background in the automotive and transport equipment sectors. Currently serving as a Financial Subject Matter Expert and Senior Dealmaker at the Industrial Development Corporation since February 2005, Lynette specializes in financial analysis, modeling, transaction structuring, and report writing. Additionally, Lynette holds non-executive director positions at Raddison Blu Port Elizabeth and previously at Farmgate Dairy. Lynette’s prior experience includes roles as a Senior Account Manager at the Industrial Development Corporation from 2005 to 2013 and as a Senior Accountant at KPMG from 2002 to 2004. Lynette holds a B.Com Accounting degree and other qualifications from Potchefstroom University for CHE.
This person is not in any teams
This person is not in any offices
Industrial Development Corporation
1 followers
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.