Industrial Development Corporation
Mpho Mosweu CA(SA) MBL Certified Rescue Analyst (CRA) is a seasoned financial professional with a robust background in investment banking and corporate finance. Currently serving as the Chairperson of the Board at Duferco Steel Processing since February 2025, Mpho has been the Head of Business Advisory and Turnaround Services at the Industrial Development Corporation of SA Ltd. since May 2007. In this role, Mpho oversees a diverse non-performing and distressed portfolio while leading a team of specialists in corporate restructuring and turnaround solutions across various industries. Mpho's extensive experience includes significant positions managing corporate finance, project finance, and ICT investments, complemented by board roles at Merafe Resources Limited and Cipla Medpro. Mpho holds a Master in Business Leadership (MBL) and is a qualified Chartered Accountant, with a strong educational foundation in accounting and corporate strategy.
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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.