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IDC Swings to a FY Loss of R4.6bln on Subsidiary Pressure

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The Industrial Development Corporation released its 2026 financial results, showing R17 billion disbursed, R28 billion mobilised in co‑funding, and R2.3 billion in Company-level profit, despite a challenging industrial environment marked by weak fixed investment, global trade uncertainty, and pressure on export-oriented sectors. There remains pressure at headline level as it recorded R4.65 billion in losses, largely due to the performance of its subsidiaries. IDC CFO Isaac Malevu joins us for more...
27 Aug 1PM English South Africa Business News · Investing

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