Question NW4227 to the Minister of Trade, Industry and Competition
02 January 2024 - NW4227
Cuthbert, Mr MJ to ask the Minister of Trade, Industry and Competition
Whether he will provide Mr M J Cuthbert with a full list of the current investment portfolio of the Industrial Development Corporation (IDC); if not, why not; if so, what is the a. Size of the investment in each case, b. Nature and/or classification of the IDC investment instrument in terms of debt, equity, or any other classification and c. In which sector do the companies in which the IDC invested operate?
Reply:
I have been furnished with the information below by the IDC:
The IDC’s investment portfolio, in terms of exposure, is currently at R98.9 billion, made up of R65.7 billion (66%) in Debt and R33.2 billion (34%) in Equity. Debt investments are classified as Solely Payments of Principal and Interest (SPPI), and Equity investments are classified as Non-SPPI. The Mining Sector comprises the most significant exposure at 38%, followed by Chemicals (17%) and Energy (12%). Details are shown in Table 1 below.
Table 1: IDC Portfolio Per Sector
-END-