The Industrial Development Corporation (IDC) has restructured its Strategic business units (SBUs) in order adapt to a newish mandate born out of the New Growth Path and the Industrial Policy Action Plan.
This restructuring is captured in the 2012 annual report and reflect the following messages.
The core developmental funding interventions of IDC are carried out by 13 SBUs, each focused towards the various sectors as identified in the NGP and IPAP.
The IDC said during the 2011/12 financial year, it successfully restructured its SBUs and, where required, re-organised their areas of focus. “This ensures better alignment with our industrial development mandate”. The following structural changes were made:
Techno Industries to Information and Communication Technologies (ICT)
Wood, Paper and Other to Forestry and Wood Products Food
Beverage and Agro-Industries to Agro-Industries
Transport, Financial and Other Services
Public and Private Partnerships
New SBU introduced:
• Green Industries
The activities of the Public Private Partnerships SBU and some of the activities of the Transport, Financial and Other Services SBU were incorporated into the Strategic High Impact Projects (SHIP) SBU and we phased out our involvement in the Franchising and Construction sectors. The new Green Industries SBU was established to develop and fund projects related to green energy and the move towards a low-carbon economy.
Organogram of the new structure