The Industrial Development Corporation (IDC) has officially opened its new office in Emalahleni, Mpumalanga, today, 23 may 2018.
The opening of the Emalahleni office is a strategic intervention that will enable the IDC to serve potential and existing clients in the Highveld region of the province.
This is the second IDC office in Mpumalanga province and adds to the 24 regional and satellite IDC offices countrywide.
The Emalahleni office will enable IDC to strengthen its visibility and be more accessible in the broader Mpumalanga province. The establishment of the office is also a direct response to the request from potential clients and the broader business community in Emalahleni, who indicated on several occasions that they would like to have an IDC office closer to them, as it was costly and time-consuming to travel to the Nelspruit office.
Most funding enquiries the IDC received from the Mpumalanga province in recent years came from the Nkangala district.
“The Nkangala and Gert Sibande districts collectively account for 73% of IDC’s current total investment exposure of approximately ZAR4.66 billion in Mpumalanga. In the financial year ended 31 March 2017, the value of IDC’s funding approvals for businesses from Mpumalanga, amounted to approximately ZAR2.2 billion, which helped to create and save over 4 000 permanent jobs,” says Mashweu Matsiela, Mpumalanga IDC Regional Manager.
In the past five years (2013 to 2017), IDC approved ZAR3.2 billion for funding of businesses in Mpumalanga, and created and saved over 7 000 jobs through its investments in the province.
The new office is situated at the following address: Smokey Mountain Office Park Route N4 Business Park, Third Floor, Room 304 Emalahleni, Mpumalanga, South Africa.