The CEO of the IDC, Geoffrey Qhena, presented to the Parliamentary Committee on Economic Development on the IDC’s capacity to fulfil its mandate as agreed to in the “Framework for Government’s response to the international economic crisis”.
Mr Qhena summarised the IDC’s role in implementing the framework through its investment in public infrastructure, Industrial and trade policy measures, employment measures and it’s social partnerships in response to the crisis.
The presentation included information on funding approvals to distress companies, and applications therefore. The conditions to approvals are highlighted.
Click here to download the presentation