Summary of IDC and NEF public funding disbursements for the 2024/25 financial year
Public data — unaltered.
NEF data sourced from Parliamentary Question 705 (PQ705), Mr RWC Chance (DA) —
dtic.gov.za/PQ-705.pdf.
IDC data sourced from IDC Business Partners List 2024/25 —
idc.co.za.
No information has been added, removed, or modified.
IDC — Industrial Development Corporation
Businesses funded
201
FY 2024/25
Total disbursed (est.)
R13.6B+
Excl. off-balance-sheet grants
Largest single deal
R5.54B
Tongaat Hulett Ltd
With DPEP flags
55
Domestic politically exposed persons
With FPEP flags
12
Foreign politically exposed persons
NEF — National Empowerment Fund
Companies funded
392
Across 9 provinces
Total disbursed
R3.60B
Loans + grants combined
Jobs supported
31,654
Across all funded companies
Total grants
R194.8M
5.4% of total disbursed
Avg cost per job
R113.6K
Total disbursed ÷ total jobs
NEF disbursements by province
NEF funding type & ownership split
Funding type
Ownership
IDC — PEP exposure breakdown
What is a PEP? Under FICA Schedule 3A, DPEPs (Domestic Politically Exposed Persons) include the Chairperson, CEO, CFO, and CIO of public entities listed in PFMA Schedules 2 & 3. FPEPs are equivalent foreign officials. A PEP flag indicates a person with political exposure has a direct or indirect interest. This is not an indicator of wrongdoing — it is a statutory disclosure requirement.
NEF — jobs created by province
Gauteng + KwaZulu-Natal together account for 71% of all NEF-supported jobs (22,578 of 31,654).
Northern Cape received 18% of total funding but created only 1% of jobs (R1.97M per job).