Pr Prese esent ntation tion to to Wome omen in n in Oil Oil & & Gas Gas of of South South Africa Africa Wor orksh kshop op Bun Bundu du Lodge Lodge Mashw Mashweu eu M Matsiela tsiela
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o Established: 1940 o Type of organisation: Development Finance Institution (DFI) o Ownership: State owned company, 100% owned by the SA government o Total assets: +-R120 billion o Total liabilities: +-R24 billion o Funding status: Self financing, pays dividends and income tax o Credit rating: Baa1 (Moody’s) in line with sovereign rating o Main business area: Industry development through the provision of funding resulting in job creation o Geographic activities: South Africa and the rest of Africa o Products: Custom financial products to suit a project’s needs including debt, equity, guarantees or a combination of these o Stage of investment: Project identification and development, feasibility, commercialisation, expansion, modernisation o Number of employees: +- 800 3
Vision To be “the primary driving force of commercially sustainable industrial development and innovation to the benefit of South Africa and the rest of the African continent” The IDC is self-financing national development finance institution whose primary objectives are to contribute Mission to the generation of balanced, sustainable economic growth in Africa and to the economic empowerment of the South African population, thereby promoting the economic prosperity of all citizens. The IDC achieves this by promoting entrepreneurship through the building of competitive industries and enterprises based on sound business principles. Objective Lead industrial capacity development Primary: Facilitate sustainable direct and indirect employment Secondary: Outcomes • Improving regional equity, including the development of South African rural areas, poorer provinces and industrialisation in the rest of Africa; • Growing the entrepreneurial and SME sectors • Transformational impact on communities and growing black industrialists • Environmentally sustainable growth • Growing sectoral diversity and increased localisation of production Values Passion Professionalism Partnership 4
Greater importance on social and developmental objectives Greater importance on financial objectives Government / NGOs DFIs Commercial Financiers • Non-commercial focus • Commercial and development • High commercial focus focus • Fiscal transfers and grants • Private sector capital • Sharing risk • Development objectives (social) • Financial objectives • Internally generated funds, • Known risks government funds, loans • ABSA • Standard Bank • Industrial Development Corporation • First National Bank (IDC) • Nedbank • Development Bank of Southern • Etc. Africa (DBSA) • sefa • National Empowerment Fund (NEF) • Etc. IDC does not directly compete with other institutions, but encourages cooperation with a variety of these institutions to achieve its goals 5
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Agro and New Industries Division Agro-Industries Green Industries Strategic High Impact Projects Venture Capital Business Unit Internationalisation – Non-fuel power generation – Cross sectoral/new sectors – Commercialisation of South Globalising SA brands and Wind, concentrated solar and localisation project; bamboo; African intellectual property incorporation of SA companies photo-voltaic solar power sisal; green transport; gypsum; – Universities and research into global supply chains generation battery; titanium; rolling stock; institutions; private sector (i.e. Focus Areas Value addition – Horticultural Energy efficiency – Heat, theme park entrepreneurial inventors / and grain surplus value electricity & buildings; cleaner Industrial infrastructure – innovators) addition production / industrial Power generation; toll roads in Import replacement – Seed processes rest of Africa oils and oil cake; malt Fuel based energy – Waste to High impact logistics – production energy; co-generation Railways; maritime Emerging industries – Marine Bio-fuels – Bio-ethanol aquaculture Emission and pollution Rural/poor linkages – Rural mitigation – Waste agricultural linkage scheme; management/recycling; clean one-stop, agri-business stoves support initiative Related services – ESCOs 7
Mining and Manufacturing Industries Division Metals, Transport & Forestry and Wood Clothing and Textiles Chemicals and Allied Mining and Mineral Machinery Products Industries Beneficiation Business Unit Fabricated metal, Forestry value chain – Building a conducive Establish clusters of Steel prices – Establish capital and transport forestry, sawmilling, pulp environment – Leading production for local new steel plant; partner in equipment – SOE capex and paper, furniture, other role in development of beneficiation – Titanium, other steel related programmes; tooling, die value added products national strategy, zirconium, hydrogen projects and mould industry; including refinement of fluoride production, Early stage projects – Focus Areas foundries incentives for the sector plastics, petro-chemicals Project initiation; junior Automotive and MHCV – Competitive local / Address market mining companies in Assembly; EV; regional value chain – imbalances – Glass, selected minerals; components; MHCV, Regional projects; import substitution Address food security buses and taxis linkages between opportunities concerns e.g. potash, Components for green manufacturing and retail; Security of supply for potassium industries – energy value chain projects; wool key inputs into Rest of Africa – Local saving technologies; wind; & mohair cluster; leather infrastructure, food and linkages; rehabilitation of solar components and footwear cluster energy needs – Fertiliser sector in Zimbabwe Advanced Stabilise major IDC & fertiliser inputs, gas, ‘New age’ minerals – manufacturing – nuclear; investments building products Rare earth elements aerospace 8
Services Industries Division Tourism Media and Motion Picture ICT Healthcare Business Unit Properties in distress and Motion picture value chain – Telecommunication – Pharmaceuticals – ARV consolidation of the industry – film production (low, medium and Undersea; national backhaul; pharmaceuticals; anti-diabetic Assist appropriate high budget); production facilities metro; last mile in underserviced extract; codeine from medicinal establishments until economic (Jhb studios, post-production); areas; Terrestrial fibre in rest of poppies conditions improve audience development (digital Africa Malaria – ACT extract and Focus Areas Underdeveloped Tourism cinema, rural and township Shared services – Knowledge pharmaceuticals, impregnated Nodes in SA – Backpackers, cinema, channel aggregation for Process Outsourcing bed nets; sterile insect adventure & sports tourism, export); animation hub Digital migration – Set-top technology natural attractions, heritage Natural history documentaries boxes; digital TVs Medical devices – Surgical attractions, avitourism, beach – Production of Natural History e-Waste – Creation of an e- instruments; HIV test kits etc. tourism, arts & crafts, enabling documentaries waste hub Hospitals – Hospital PPPs; tools e.g. tourist routes, Broadcasting – Pan African Electronics – Niche low volume private wards in public hospitals; transportation television broadcasters electronic manufacture; smart private hospitals (acute and sub- Rest of Africa – Refurbishment (expansion of SA broadcasters); meters acute); day clinics; PHC centres of existing properties; new Regional and community radio Information technology – focusing on maternal health properties; business hotels stations; Community television software and hardware stations 9
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• Funding can be structured utilising a wide array of instruments including: • Debt; • Equity; • Quasi-equity; • Guarantees; • Trade finance; • Bridging finance; • Venture capital. • The funding will be structured in a way that will suit the business’ needs most appropriately. Structuring options include: • Term of the funding: Short, medium and long-term loans are available; • Grace periods for repayment : Repayments can be structured to suit cashflows and allow for periods where no payments need to be made on either capital or interest; • Special funding schemes are available that offer more attractive terms and targets cross sectoral issues such as job creation or development of specific sectors. Also include funds managed on behalf of other organisations, largely the dti; • IDC’s business support programme addresses non -financial support to entrepreneurs. 11
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