Website IDC
Who we are Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We are owned by the South African government under the supervision of the Economic Development Department. Our vision We aim to be the primary source of co… read moremmercially sustainable industrial development and innovation to benefit both South Africa and the rest of Africa. Our mission Our mandate is to contribute to the creation of balanced, sustainable economic growth in South Africa and on the rest of the continent. We promote entrepreneurship through the building of competitive industries and enterprises based on sound business principles. Our values Everything we do is directed by our values: Passion Partnership Professionalism Our mandate The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940) and is fully owned by the South African Government. The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. We have contributed to the implementation of South Africa's industrial policy for more than 70 years and established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries – acknowledged today as the cornerstones of the country's manufacturing sector – and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. During the 1990s, our mandate was expanded to include investment in the rest of Africa. The Mozal aluminium smelter in Mozambique was the first such venture. We secured investors from around the globe to establish a major industrial enterprise in a country plagued by decades of civil war. The smelter illustrated the viability of large projects on a continent often shunned by investors. Currently, our investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation. Our industrial development role As a key implementing agency of industrial policy, the IDC's activities currently centre on the National Development Plan (NDP), the New Growth Path (NGP) and the Industrial Policy Action Plan (IPAP). We identify sector development opportunities aligned with policy objectives and develop projects in partnership with stakeholders. By developing industrial capacity the IDC achieves specific outcomes. The most important of these is to enable job creation through the companies we fund. In addition, IDC funding continues to promote regional development and integration, economic empowerment of communities and growing black industrialists. The IDC remains committed to promoting environmentally sustainable growth and increasing sectoral diversity to boost the local production of goods. The corporation also plays a critical role, directly and through its sefa subsidiary, in promoting entrepreneurial development and growing the SME sector. While our funding activities focus mainly on the private sector, we work closely with different levels of government agencies and sector organisations to coordinate industry development. We also support government in other areas related to its development objectives, such as research and management of government funds allocated to achieving specific outcomes. We pro-actively develop and implement strategies in the rest of Africa to create and integrate value chains across the continent. Our aim is to use the strengths of different countries in the region to establish a more competitive industrial base. 19 Fredman Drive, Sandown PO Box 784055 Sandton, 2146
Qualification and Experience
Bachelor’s Degree
A Post graduate Qualification in a relevant field (e.g. CA(SA), MBA/MBL, LLB, Engineering; Project Management will be an added advantage
The preferred candidate will have a minimum of 5-8 years’ experience in field of discipline.
Experience in public, financial or development finance institutions and understanding of all applicable legislative and governance principles is preferred.
Candidate must have an understanding of the role of the IDC.
The candidate must have absolute commitment towards the values of the Corporation.
Experience in engaging, managing and negotiating with relevant specialist bodies, government institutions, industry associations etc.
Roles and Responsibilities
Financial / Shareholder Returns
To manage the Divisional budget and cost centers. Consolidating budget reports in the division.
To assist Departmental Heads in collating inputs to the annual budgeting process.
To consolidate budget reports across the Division from Departmental Heads.
To assist in reporting Divisional activities and preparing comparative reports.
Divisional Operational Processes
To serve as strategic advisor and counsel to Divisional Executive.
To assume day-to-day responsibility for projects and tasks and coordinate the execution of strategic initiatives.
To create and maintain cross-departmental relationships.
To assess inquiries directed to the Divisional Executive in order to determine the proper course of action and, where required, delegate to the appropriate individual to ensure resolution.
Participate in strategy formulation and implementation for the Division.
Provide strategic advice and support on policy matters.
Assist with reporting on various operational activities/initiatives.
Assist in the implementation of an effective client experience management framework including oversight of process optimization and digitization, complaints management, culture skills and targeted client service levels.
Analyse trends and provide recommendations for remediation.
Prepare Management information reporting and table analysis at key governance forums.
Monitor and evaluate Divisional performance and ensure appropriate measures/interventions are put in place.
To generate ideas for improvement of cross functional processes or resolution of complex problems.
Participate in corporate strategic initiatives/projects.
Research and provide specialist knowledge and advice to Divisional Executive relating to all operational aspects.
Provide input to Executive Management Committee (Exco) and other strategic committees in the Corporation.
To input into effective formulation and implementation of Divisional systems and procedures to ensure compliance and provide innovative solutions to take operations forward.
Roles and Responsibilities (cont.)
Corporate Strategic Alignment
To participate in and support Corporate Initiatives.
To formulate and implement innovative ways to improve Customer focus.
Monitor and evaluate Divisional strategic priorities and preparation of reporting and presentation requirements.
Customer Focus & Stakeholder Management
To foster and maintain relationships with internal and external clients.
Learning, Leadership & People Growth
Keep up to date with latest strategic trends and developments (conferences and relevant forums).
To research best practice measures.
Take responsibility for personal development and growth.
Promote the sharing of knowledge and best practice in the Division
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Apply via company website ( http://www.idc.co.za ) or