Industrial Development Corporation
Ngaketse Mathosa is an accomplished finance professional with extensive experience in investment roles. Currently serving as an Associate: Growth Catalyst at the Industrial Development Corporation since October 2021, Ngaketse previously held positions at the Public Investment Corporation from November 2014 to November 2022, where responsibilities included Investment Associate and Investment Analyst. Prior experience includes working as an Investment Officer at Business Partners Ltd from September 2012 to October 2014. Ngaketse holds an Honours degree in Management Accounting from Rhodes University and a degree in Financial Accounting and Economics from the University of Cape Town.
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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.