Tag Archive | Industrial Development Corporation (IDC)

Blue Chip Lubricants first majority black-owned facility to blend and distribute global brand

Blue Chip Lubricants has completed construction of its new blending facility in Kya Sands in Johannesburg, South Africa, and is ready to embark on largescale blending of lubricants from Q8Oils for the South African and Sub-Saharan African market. The company will have a major presence at Futuroad 2017 at Nasrec, part of Automechanika South Africa, […]

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IDC approvals jump to R15.3 billion for 2017 financial year

The Industrial Development Corporation (IDC) continues to be counter-cyclical in the current economic environment. In 2017, the IDC demonstrated its ability to support industrial diversification of the local economy and recorded impressive growth, driving transformation in the economy while remaining financially sustainable. Highlights in the 2017 financial year include profit growing to R2.2 billion, an […]

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Young black industrialists lauded by mayor

Ekurhuleni Executive Mayor, Cllr Mzwandile Masina has called on the city’s youth to move away from a consumption mentality to a production one. The mayor said this recently, while hosting young black industrialists, who established a company and turned it into a multi-million-rand establishment within three-years. These industrialists, the mayor said, are ordinary young people […]

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Posted in Youth Empowerment0 Comments

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