South Africa's Minister of Trade, Industry and Competition, Parks Tau, addressed the media on Thursday, on the Industrial Development Corporation's ( IDC) strategic direction. The new strategy will now see the IDC evolving from being a traditional direct lender, to becoming a platform for industrial ecosystem development, mobilising capital, partners and capability in order to unlock high-impact sectors  and rebuild South Africa's industrial base. Minister Parks Tau says the IDC's role is critical in addressing challenges like low growth, declining industrial capacity, and economic power concentration. Thuto Ngobeni reports...

 

<p>South Africa's Minister of Trade, Industry and Competition, Parks Tau, addressed the media on Thursday, on the Industrial Development Corporation's ( IDC) strategic direction. The new strategy will now see the IDC evolving from being a traditional direct lender, to becoming a platform for industrial ecosystem development, mobilising capital, partners and capability in order to unlock high-impact sectors &nbsp;and rebuild South Africa's industrial base. Minister Parks Tau says the IDC's role is critical in addressing challenges like low growth, declining industrial capacity, and economic power concentration. Thuto Ngobeni reports...</p>
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