Question NW4217 to the Minister of Trade, Industry and Competition
08 January 2024 - NW4217
Bergman, Mr D to ask the Minister of Trade, Industry and Competition
What (a) total number of business loans were issued by the Industrial Development Corporation in the past five financial years, (b) was the total monetary value of the loans, (c) total number of the loans were issued to (i) majority BEE owned, (ii) majority female owned and (iii) non-South African companies and (d) total number of specified companies failed in their (i) first, (ii) second, (iii) third, (iv) fourth and (v) and fifth year of operation?[
Reply:
In the past five years the Industrial Development Corporation (IDC) issued:
The total number of 834 business loans and equity funding.
The total monetary value is R80,5 billion.
Total Approvals
BEE owned (>50%)
Women owned (>50%)
Non-South African companies
a) Total number of the business loans/equity that were issued:
- 53,7% of the total number of business loans/equity by the IDC in the last five financial years was issued to majority black-owned companies; and by value it constituted 31,3% of all loans/equity approvals.
- 11,8% of the total number of business loans/equity by the IDC in the last five financial years was issued to majority woman-owned companies.
- 3,8% of the total number of business loans/equity by the IDC in the last five financial years was issued to non-South African companies (including investment in other African countries, and by value it constituted 15% of all loans/equity approvals.
Additional information requested will be compiled.
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