IDC optimistic of industrial investment recovery following fall in disbursements to R15.9bn

South Africa’s Industrial Development Corporation (IDC) is optimistic of converting the rise in business confidence that has accompanied the recent easing in loadshedding and visible efforts to address freight logistics bottlenecks into higher levels of investment this year, following a decline in disbursement during its 2024 financial year. The development finance institution disbursed R15.9-billion in the financial year to March 31, 2024, representing an 11% decline when compared with the R17.8-billion disbursed in the previous year.