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TSHOKOLO ‘TP’ NCHOCHO’S, IDC CEO

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National enterprise developer the Industrial Development Corporation (IDC) yesterday joined the growing list of struggling state-owned entities that are nearly broke, flagging that its net income fell 78 percent to R720 million during the year to the end of March from R3.2 billion a year earlier. The IDC said while its profits increased from R2.2bn to R3.2bn during the period, it missed its own crucial targets that include job creation.

14 Aug 2019 12PM English South Africa Business News · Investing Gugulethu Mfuphi

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