14 CITY PRESS, 18 OCTOBER, 2015 news A PROJECT IN PARTNERSHIP WITH THE IDC The IDC in numbers NUMBER OF FUNDING APPROVALS Last year: 210 Past five years: 1 158 Past 10 years: 2 161 BUILDING THE ECONOMY Geoffrey Qhena, the Industrial Development Corporation’s CEO, which has funded some of SA’s biggest success stories MAIN PHOTO: ELIZABETH SEJAKE Past 20 years: From Ouma to 5 513 VALUE OF FUNDING APPROVED Last year: wind energy R11.5 billion Past five years: The Industrial Development Corporation is not only investing in businesses that R60 billion Past 10 years: make money, but in those that create thousands of jobs and social change R98 billion Past 20 years: NICKI GÜLES projects to support Eskom, and mining and Although Qhena says he cannot choose a favourite Gauteng and some of them have been exported,” he R143 billion nicki.gü
[email protected] beneficiation projects to convert raw materials into among the companies the IDC has funded, he has a says. “There are lots of others, including one that saleable products. Localisation is a top priority, soft spot for those using or producing locally looks at stitching wounds without using a needle.” hat do Ouma rusks, the developing manufacturers who make everything developed technology. The IDC’s new-industries unit looks for new Gautrain and an x-ray machine from spare parts, wheels and undercarriages for “We have a company called Lodox that produces a technologies to support, and works with universities, at the Chris Hani Baragwanath Transnet locomotives to photovoltaic panels, and low-dosage X-ray machine, started by [diamond the Innovation Hub and the CSIR to identify them.