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IDC Overview

https://www.mjfgroup.biz/idcoverview/idcpost

https://www.mjfgroup.biz/idcoverview/idcpostI am a Senior IDC Expert and as such have been asked many times by my Clients to give them an Overview.

Well if you look on the IDC’s site: www.idc.co.za as an interested party it may well seem like a minefield.

So let me start. But before we do I must tell you that I am not employed by IDC neither do I profess to be a complete GURU at their needs and do the very best for my Clients. In the past 5 years, I have raised over R300 million for SME’s.

IDC Overview

It is no use looking for funding at IDC  unless a couple of hard coded rules are followed and these are:

Minimum requirements

  1. Security; the form and nature of which will relate to your specific circumstances;
  2. Compliance with international environmental standards;
  3. Shareholders/owners are expected to make some financial contribution:- The contribution of historically disadvantaged people under special circumstances may be lowered, in which case the corporation will be prepared to extend finance in excess of the owner’s contribution.
  4. The project/business must exhibit economic merit in terms of profitability and sustainability;
  5. We do not refinance fixed assets, since our aim is to expand the industrial base; and
  6. We also focus on broad-based and expansionary black economic empowerment and black industrialists.

https://www.mjfgroup.biz/idcoverviewExpansions by existing businesses

  • Latest audited and actual financials (signed by the finance director, MD or CEO). VIP!!
  • Your updated business plan focusing on the proposed project/expansion.
  • A detailed description of the nature of expansion, its related costs and revenues.

IDC Overview

A comprehensive business plan.  VIP

Small, medium and start-up businesses

To go on and detail all the sectors and product types is onerous and for a reader slightly boring so I suggest you have two ways to deal with anything about the above that may interest you.

  1. Contact IDC:
  2. Contact me by using the contact button below:

Contact me.