industrial development corporationlatest news & developments

Ramaphosa raises SA investment target to R3 trillion as Sasol pledges R60bn

Ramaphosa has raised South Africa’s investment target to R3 trillion after nearly R890 billion in pledges at this year’s investment conference, with Sasol’s R60 billion commitment emerging as one of the biggest – and a sign of business confidence tied to policy certainty

Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to
prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

File photo: Oupa Nkosi

Competition Commission to look into complaint over Actom’s acquisition of SSPM

Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal

Johannesburg’s inner city. Cities in Africa can benefit from genuinely affordable financing. Photo: Delwyn Verasamy, M&G

Rebooting the global financial system will pay dividends in Africa

Transforming the world’s monetary policies would benefit African cities and the continent’s public development banks have a key role to play

Neglecting existing infrastructure generates higher long-term costs.

South Africa must revive its industrial ambitions

Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries

Women Creating Wealth Investor Readiness Programme

IDC and Graça Machel Trust help women to acquire vital business expertise

President Cyril Ramaphosa and DTIC minister Ebrahim Patel on a guided tour of the exhibition centre at the second Black Industrialists and Exporters Conference. Photo: @PresidencyZA/X

Black industrialists programme needs an overhaul

If the programme is to be a success, the government needs to use all the tools in its kit — and it should start with a definition of what a black industrialist is