mini group other subsidiaries - welcome to idc - idc...1. group structure mini group idc ltd...

1. GroupStructure

MiniGroup

IDCLtd

Findevco(Pty)Ltd

Impofin(Pty)Ltd

Konoil(Pty)Ltd

100%

100%

100%

Othersubsidiaries

Scaw South Africa (Pty) Ltd*

AssociatesMozalSARL

IncwalaResources(Pty)Ltd

Hulamin(Pty)Ltd

KaXuSolarOne(Pty)Ltd

Othersubsidiaries

Otherassociates

74%

24%

24%

30%

29%

various

various

Sefa100%

Foskor(Pty)Ltd59%

PalaboraCopper(Pty)Ltd20%

KHISolarOne(Pty)Ltd29%

*ScawSouthAfricahasbeenreclassifiedasaNon-currentAsset-Held-for-sale,inlinewithIFRS

AdditionalOnlineInformation

2. StakeholderEngagementStakeholder Howweengagewith

themWhatmatterstothem Howwerespondto

mattersImpactofouractions Materialmatters

beingaddressedEmployees

• Combinationofface-to-face,written,electronicandprintcommunication.

• Employeeengagementsurveys

• CEOengagementsessions

• DivisionalExecutivefeedbacksessions

• Regularlinemanagermeetings

• Transparentcommunication

• InformationonIDC’sstrategyandtheirlinktothestrategy

• Work/lifebalanceandaconduciveworkingenvironment

• Market-relatedremunerationandbenefits

• Personaldevelopmentandcareeradvancement

• Makingadifference

• Regularemployeeinformationsharingsessions

• AnnualStarAwardstorecognisetopperformers

• Market-relatedemployeebenefits,rewardsandrecognition

• Learninganddevelopmentopportunities

• Leadershipassessments

• Regularperformanceassessments

• Definedculturevisionandtransformationjourney,focusingoncustomer-centricity

• Improvedemployeeengagement

• Talentmanagementthroughimprovedskillsandcapacitation

• CertificationasaTopEmployer

• Customerexpectations

• Governanceregulationandriskmanagement

• HumanCapital• Financial

sustainability

EconomicDevelopmentDepartment

• OngoingandanannualstrategicmeetingwithMinisterofEDDandIDCBoard

• OngoingandQuarterlymeetingswithDirectorGeneralandotherofficials

• MeetingsbetweenIDCemployeesandEDDofficials

• Increasedlevelsofindustrialfinancing,especiallytowomen,youthandBlackIndustrialists

• Jobcreationthroughbeneficiation,regionaldevelopmentandlabour-richsectorsoftheeconomy

• Proactivelyidentifyinginvestmentopportunitiesacrossvaluechains

• Assistanceinpolicyresearchandcoordinationofprojects

• Increasedmarketingtowardswomen,youthandBlackIndustrialiststhroughCEOregionalroadshowsandYouthconference

• Fundingforlocalsupplierstothegovernmentinfrastructureprogramme

• CollaborationwithgovernmentonitsStrategicIntegratedProjects(SIP5&8).

• Increasedlevelsofindustrialfinancing

• Increasedimpactondevelopmentoutcomes

• Balancingpro-activefuncing,whilstkeepingfundingcompetitive

• ManagingtheIDC’sbalancesheetforresponsiblelending

• ImprovedunderstandingofIDC’smandateandsubsequentimpact

• Industrialdevelopment

• Socio-economicdevelopment

• Financialsustainability

• Partners

• Contributingtotheformulationandimplementationofpolicies

• Pro-activelyidentifyingfundingopportunities

Potentialandexistingclients/projectpartners

• Variousmediaplatformsincludingprint,radio,TVandonline(email,website)

• Meetings,interactionsthroughsectoral/industrybodies

• Writtencorrespondencesuchasinformationemailersandfinancialstatements

• Annualandinterimcustomersurveys

• ClientsitevisitstoshowcaseIDC’simpact

• Mediabriefingsandpressreleases

• Aclearandeasytounderstandapplicationprocess

• Upfrontcommunicationoftheapplication/informationrequirements

• Promptresponsestoqueries/requests/serviceissues

• Timeousandeffectiveevaluationoffundingapplications

• Regularupdatesandcommunicationontheapplicationprocess

• Monitoringclientperformance

• Organisation-wideCustomerCentricitytraining

• Customerserviceexcellenceemployeerecognition

• Streamliningapplicationprocesses

• Dedicatedemailaddresstoreportserviceissues

• Secondments,participationinAGM’s,Boardrepresentivity

• Simplifiedandstreamlinedapplicationprocess

• Increasedfocusonturnaroundtimes

• Improvedcustomerservice

• Improvedlevelsofcommunication

• Strengthenedinfluencerrole

• Pro-activeindustrydevelopment

• Opinionpiecesbyindustryexperts

• Customerexpectations

• Industrialdevelopment

• Socio-economicdevelopment

• Financialsustainability

National,Provincial&LocalGovernment

• Meetingswithrelevantportfolioandselectcommittees

• MeetingsbetweenIDCemployeesandgovernmentofficials

• Interviewswithindustryexperts

• Developmentofruralareasandtownships

• Broad-basedblackeconomicempowerment

• Opportunitiesforwomen,youthandBlackIndustrialists

• DevelopmentofSMMEs

• Pro-activelyidentifyingprojectsinpoorprovincesandtownships

• ExpansionaryBlackEconomicEmpowerment(BEE)

• Skillsdevelopmentinitiativesforyouth

• Localeconomicandruraldevelopment

• Increasedjobcreation• Expanding

industrialisationtoless-industrialisedregions

• ImprovedaccuracyofreportingonIDC

• Socioeconomicdevelopment

• Industrialdevelopment

• Partners• Financial

sustainability

• Assistancewithprojectsrelatedtoindustrialdevelopment

andwomenco-operatives

• Leveragingrelationshipswithprovincial,localandruraldevelopmentbodies

CommercialBanks,DFIs&RatingAgencies

• Due-dilligences• Annualratings

review• Interviewswith

industryexperts

• Goodgovernance• Financialsustainability

andliquidity• Satisfactorylevelsofdebt• Viablestrategy

• Compliancetosystemsandprocedures

• PrudentmanagementofIDCfinances

• Instillingacultureofgovernanceandethicsamongsemployees

• Transparentpresentationoffinancialresults

• Financialsustainability,enablingIDCtohonouritsfinancialcommitments

• Stronggovernancestructures

• Governanceregulationandriskmanagement

• Financialsustainability

• Partners

BroadercommunityimpactedbyIDC-fundedprojects

• Meetingswithcommunityleadersandtraditionalauthorities

• LocalEconomicDevelopmentForums

• MeetingswiththeDepartmentofRuralDevelopmentandLandReform

• Variousmediaplatforms,segmentedforspecifictargetaudiences

• Sustainablesocio-economicdevelopment

• Responsibleutilisationofcommunitylandandotherassets

• Communityparticipation• Assistanceinforming,

registeringandmanagingcommunitytrustsandcooperatives

• CorporateSocialInvestmentinitiatives

• Empoweringlocalpeople• Transformation• Factualandtransparent

information• Timeousfeedback

• UndertakingLEDinitiatives

• Appoinmentofspecialistsandconsultants

• Establishingandregisteringcommunitytrustsandprovidingrelevanttraining

• Compilingsocio-economicneedsassessments

• Communityengagements

• ShowcasingIDC’simpactthroughclientcasestudiesonregionalandnationalmediaplatforms.

• Jobcreation• Township

development• Productiveutilisation

ofcommunitylandandotherassets

• Improvedskillsandincreasedcommunityparticipation

• SuccessfulCSIinitiatives

• Empoweredlocalpeople

• Progresstowardstransformationoftheruraleconomy

• Enhancedreputation• Improved

understandingofIDC’smandateandimpact

• Socio-economicdevelopment

• Financialsustainability

• Partners• Governance,

regulationandriskmanagement

• Industrialdevelopment

3. BoardandExecutiveManagementDirectorshipsDirector Significantdirectorships

BAMABUZA(54)ChairpersonoftheBoard(Non-ExecutiveDirector)

• AfgriOperationsLimited• AbsaFinancialServices• AfricaBusinessNews(Pty)Ltd• TsogoSunHoldings

LIBETHLEHEM(50)(Non-ExecutiveDirector)

• CityPower(Pty)Ltd(ChairpersonoftheBoard)• HCISunEnergy(Pty)Ltd• HCIPropco(Pty)Ltd• SedibeloPlatinumMinesLimited

BADAMES(52)(Non-ExecutiveDirector)

• AfricanRainbowEnergy&Power(Pty)Ltd(CEO)• NedbankLimited• NedbankGroupLimited

RMGODSELL(65)(Non-ExecutiveDirector)

• PolymetalInternationalPIC(ChairmanoftheBoard)

ATKRIEL(55)(Non-ExecutiveDirector)

• SouthAfricanClothingandTextileWorkers’Union(GeneralSecretary)

SMMAGWENTSHU-RENSBURG(58)(Non-ExecutiveDirector)

• RensizaBusinessPartners(ManagingDirector)• MersetaFinanceandGrantsCommittee• MinisterialAdvisoryCommitteeonSME

NPMNXASANA(61)(Non-ExecutiveDirector)

• NedbankLimited• NedbankGroupLimited• JSELimited• ArcelorMittalSouthAfricaLimited• BarloworldLimited

MMORE(37)(Non-ExecutiveDirector)

• PublicInvestmentCorporationSOCLimited(ChiefFinancialOfficer)• IndependentRegulatoryBoardforAuditors

PMMTHETHWA(54)(Non-ExecutiveDirector)

• TheNationalEmpowermentFund(CEO)• GroupFiveLimited

NDORLEYN(62) • PeotonaGroupHoldings(Pty)Ltd(ExecutiveDirector)

(Non-ExecutiveDirector)

• ToyotaSA(Pty)Limited• ToyotaSAFinancialServicesLimited• ImpalaPlatinumHoldingsLimited• ReunertLimited• CeramicIndustries(Pty)Ltd• LafargeIndustriesSA(Pty)Ltd• BPSA(Pty)Ltd

NEZALK(49)(Non-ExecutiveDirector)

4. CarbonFootprintImproving climate performance has been an integral part of the IDC’s climate changemainstream strategy. This critical bold step has beendemonstratedinthepastbytrackingandmonitoringof itsclimaterelatedassets intermsofGHGemissionsdisclosure.Theintentionbeingtocommittoclimatechange,promoteandembraceinvestmentlendinginprojectsthatpromotesthetransitiontolowcarboneconomy,accountforclimatechangeactions,supportthegovernmentemissionreductiontargetanddemonstratescorporateenvironmentalleadership.ThispastfinancialyearendingMarch2018,theIDCs’GHGemissionsinventoryhasremainedmarginallystable.However,itsconsolidationbasedonfinancialapproach,theemissionsincreaseto1445653tCO2e.Theseemissionsexceed0.1MtCO2ethresholdlimitprescribedintheAirQualityAct of 2004 as amended. Companies exceeding such threshold limit are expected to annually report on their carbonmanagement plan. TheindividualmaterialbusinesspartnersshowedGHGemissionsbelow0.1MtCO2e.Itisthoughtthatsuchincreaseinemissionsmaybeattributabletoenergyintensiveprocessesorinefficientprocessingtechnology.

TheIDCaloneshowedaGHGinventoryof6503tCO2e,amarginalincreaseof0.8%comparedtotherecalculatedbaselineofa6450tCO2ereportedin theprevious FYendingMarch2013/14. This translated into associatedemission intensityof 7.66. Such increasehasbeenobserved tobeassociatedaircongas(R22Gas)whichappeartohaveincreasedsubstantiallyfrom165tCO2eto215tCO2eduetofrequentmaintenances.TheconsumptionofR22,thoughverysmall,itscontributionishigh(GWP1810timeshigherthanCO2).

Segmentationofthetotalcarbonfootprintestimaterevealsthatscope1emissionsincreasedfrom3%to16%onadditionoftheemissiondatafromsubsidiaries(Fig1).Whilescope2emissionsincreasedfrom56%to84%onadditionofemissiondatafromsubsidiaries.Scope3emissiondatahasbeenexcludedfromthediscussionduetoitscomplexityinnatureandvariouschallengesindatacollectionbysubsidiaries.However,thescope3emissioncontributionis41%.

TheIDCcontinuouslymonitorstheimplementationofitscarbonmanagementstrategytoensurethatallmaterialsubsidiariesaretransparentintheircarbonfootprintdisclosureandvoluntarycommittoreduction.

Table1:IDCEnergyIntensity

Activityenergydata Energyused(GJ) EnergyIntensity

IDCandMaterialBPenergydata

IDConly 23034 <1% EI

Scawenergyused** 2148046 51.8% 5.0

Foskorenergyesed** 1973623 47.6% 1.0

TheIDCsenergyconsumptionamounttolessthan1%ofthetotalenergycontributionbymaterialbusinesspartners.Theconsumptionofenergy(GJ)bymaterialbusinesspartnersamountto4144703GJ.ScawMetalshowedthehighestenergyconsumptionof52%translatingintoanintensityof5,typicalofmetalrecyclingoperations.WhilstFoskorenergyconsumptionof42%atanintensityof1.0.Thisenergyconsumptionefficiencyreflectsthenatureoftheindividualoperationinwhichtheenergyconsumptiondrivestheproduction(seetable1).

Figure1:ChangesintheGHGemissionsofIDConadditionofEmissionsfromSubsidiaries

Table2:GHGemissionsdataforperiod1stApril2017-31stMarch2018

Verified

Unverified

unverified

Baseyear 2013/14 2016/17 2017/18

Baseline

Recalculated

Update Projection

Scope1

Fleetcars 68 75 84

Generatorfuel 9 59 24

AirconGas(R22) 98 165 215

JetFuel (230) 0 0

RefrigerationGas(R134a)* 2 0 35

Refrigerant(410)* 0 0.02

Subtotal(scope1) 407 299 358

Scope2

Electricity 6043 5339 6145

Subtotal1(scope1&2) 6450 5638 6503

Scope3

Newspaper 5 5 5

Stationery 20 16 18

MixedWaste 13 251 251

CarRentals 35 20 27

BusinessAirtravel 2343 1833 2088

StaffCommute 1280 1954 1975

BusinessmileageClaim 174 127 1833

Water 55 31 45

Subtotal2(Scope3)

3804

4217

4516

TotalIDC(Scope1,2&3)

10254

9856

11019

Scope1(IDC&BP**) 421601 194215 232258

Scope2(IDC&BP) 1383435 1032086 1213396

TotalScope1,2(IDC&BP) 1805036 1226301 1445653

Emisint(IDCscope1,2,3) 12.38 12.00 13.00

EmisInt(IDCscope1,2) 7.79 6.64 7.66

Emisperm2(IDConly) 0.29 0.22 0.26

Broad-BasedBlackEconomicEmpowermentRatingIDCB-BBEEScorecard

BEEElements Weighting Indicators Indicator

Weighting Target Actual% Score TotalScore

ManagementControl 20

ExercisableVotingRightsofBlackBoardMembers 2.00 50.00% 75.00% 2.00

16.69

ExercisableVotingRightsofBlackWomenBoardMembers 1.00 25.00% 50.00% 1.00

BlackExecutiveDirectors 2.00 50.00% 100.00% 2.00

BlackWomenExecutiveDirectors 1.00 25.00% 0.00% 0.00

BlackOtherExecutiveManagement 2.00 60.00% 72.73% 2.00

BlackFemaleOtherExecutiveManagement 1.00 30.00% 36.36% 1.00

BlackSeniorManagement 2.00 60.00% 50.72% 1.69

BlackWomeninSeniorManagement 1.00 30.00% 28.44% 0.95

BlackMiddleManagement 2.00 75.00% 62.54% 1.67

BlackFemaleMiddleManagement 1.00 38.00% 22.39% 0.59

BlackJuniorManagement 2.00 88.00% 78.05% 1.77

BlackFemaleJuniorManagement 1.00 44.00% 41.87% 0.95

BlackDisabledEmployees 2.00 2.00% 1.07% 1.07

Skills Development 25

SkillsDevelopmentExpenditureintheLearningMatrixforBlackPeople 9.00 6.00% 4.18% 6.27

22.40

SkillsDevelopmentExpenditureintheLearningMatrixforBlackDisabledPeople 4.00 0.30% 0.02% 0.25

Numberofblackpeopleparticipatinginlearnerships,ApprenticeshipsorInternships 6.00 2.50% 2.27% 5.44

Numberofunemployedblackpeopleparticipatinginlearnerships,ApprenticeshipsorInternships 6.00 2.50% 2.27% 5.44

BonusPoints:NumberofBlackPeopleabsorbedbytheMeasuredandIndustryEntityattheendoftheLearnershipprogramme

5.00 100.00% 100.00% 5.00

EnterpriseandSupplier

Development50

B-BBEEProcurementSpendfromallEmpoweringSuppliers 5.00 80.00% 56.80% 3.55

36.53B-BBEEProcurementSpendfromallEmpoweringSuppliersthatareQualifyingSmallEnterprises 4.00 15.00% 3.56% 0.95

B-BBEEProcurementSpendfromallEmpoweringSuppliersthatareExemptMicro-Enterprises 5.00 15.00% 2.06% 0.69

B-BBEEProcurementSpendfromallEmpoweringSuppliersthatareatleast51%blackowned 11.00 40.00% 15.80% 4.35

B-BBEEProcurementSpendfromallEmpoweringSuppliersthatareatleast30%blackwomenowned 5.00 12.00% 12.61% 5.00

BonusPoints:B-BBEEProcurementSpendfromDesignatedGroupSuppliersthatareatleast51%BlackOwned

2.00 2.00% 0.00% 0.00

AnnualvalueofallSupplierDevelopmentContributions 15.00 2.00% 63.85% 15.00

AnnualvalueofEnterpriseDevelopmentContibutionsandSectorSpecificProgrammes 5.00 1.00% 2.71% 5.00

BonusPoint:GraduationofoneormoreEnterpriseDevelopmentbeneficiariestograduatetoSupplierDevelopmentLevel

1.00 Yes Yes 1.00

BonusPoint:CreatingoneormorejobsdirectlyasaresultofSupplierDevelopment&EnterpriseDevelopment

1.00 Yes Yes 1.00

Socio-EconomicDevelopment 5

AverageannualvalueofallSocio-EconomicDevelopmentContributions 5.00 1.00% 2.65% 5.00 5.00

Total 80.62

MeasurementOptions

FINALSCORE 80.62

APPLICABLEDENOMINATOR 100.00

RECOGNITIONLEVEL LevelFourContributor

B-BBEESTATUSLEVEL LevelFourContributor

5. CorporateSocialInvestment

Beneficiary/ProjectName Location

Beneficiary/ProjectName Location

EducationandSkillsDevelopment EntrepreneurshipDevelopment Adopt-a-SchoolFoundation National KusileMzantsiCommunityDevelopment EasternCape

NationalEducationCollaborationTrust National FoodandTreesforAfrca Mpumalanga;Limpopo

ReakgonaDisabilityCentre-UniversityofLimpopoTrust Limpopo

HigherEducation Y-BECAYouthEntrepreneurship GautengTargetingTalentProgramme:UniversityofWitwatersrand National SinakhoSkillsDevelopmentCentre WesternCape

VhembeTVETCollege Limpopo PneumaAcademyofExcellence GautengCentralJohannesburgCollege Gauteng ThandaCommunityProject Kwazulu-NatalMalutiTVETCollege FreeState AmahlubiChairman'sFoundation NorthWest TMLFoundation FreeStateEmployeeVolunteerandGiving MayineImvulaCooperative EasternCapeCellC-TakeaGirlChildtowork Gauteng RivoniSchoolfortheBlind LimpopoStopHungerNow-WorldHungerMonth Gauteng StopHungerNow-SandtonConventionCentre Gauteng StrategicSpecialInterventions StopHungerNow-CapeTownMandelaDay CapeTown SheEOSleepOut GautengCasualDay Gauteng NewBrightonSDAPrimarySchool EasternCapeHabitatforHumanity-MandelaDay Gauteng EmpilisweniCentre EasternCapeS.A.M.EFoundation-MandelaDay Gauteng BuhleFarmersAcademy-Graduation NationalTshedisanangDayCareCentreforDisabled-MandelaDay FreeSate YoungVoiceAcademy Gauteng

RotarusHomeforSeniorCitizens-MandelaDay NorthWest KnowledgeHubYouthEmpowerment Gauteng

MamadilaCommunityDevelopment-MandelaDay Limpopo SonkeGenderJustice National

SterkfonteinHospital-MandelaDay Gauteng Kakamas-EmmanualHouse NorthernCapeUthandoChildren’sDropinCentre-MandelaDay Mpumalanga IDCGallery-ArtMarket GautengEsandleniSomusaMatsuluCentre-MandelaDay Mpumalanga IDCGallery-Curaror Gauteng 2017TopLearnerAwards NationalIDoCare RashidCassimSportsKits Kwazulu-NatalSathya Sai International Organisation of SouthAfrica Gauteng TraditionalHIVandAidsHomeBasedCare NorthWest

TheRiversFoundation Gauteng RamakrishnaCentreofSouthAfrica Kwazulu-Natal MercyShelterforHomeless Gauteng ImpophomoRushingWaters Gauteng SiyaphambiliOrphanVillage WesternCape KidzCareTrust FreeState KidsHaven Gauteng

6. HumanCapital

Staffnumbersperregion,excludingheadofficeemployees

Regionaloffice 2018 2017

EasternCape 13 11FreeState 5 5KwaZulu-Natal 10 10Limpopo 7 6Mpumalanga 7 5NorthWest 7 8NorthernCape 8 7WesternCape 9 7Total 66 59

Staffmovementfortheperiod2016to2018

Staffactuals 2018 2017 2016Employeesasat1April 839 848 825Addedthroughrecruitment 79 54 76Lostthroughresignation 52 51 47Lostthroughdeath 2 3 3Lostthroughretirement 10 5 3Lostthroughdismissal 4 1 0Lostthroughill-health 0 0 0Lostthroughcontractexpiry 0 1 0Lostthroughotherreasons,(i.e.subsidiarydeployment) 1 2 0Totalemployeesatendofperiod 849 839 848

Talentattractionandretentionrates

Comparativesummaryofinvestmentinstafftraining

Indicator 2018 2017 2016Numberofemployeestrained 375 708 673Staffcosts(Rmillion) 1031 998 1011Trainingexpenditureasa%oftotalstaffcosts 1 2 2Averagecostoftrainingperemployee(R) 13100 10000 11513Blackemployeesasa%ofemployeestrained 74 86 83%offemaleemployeestrained 56 56 52

Staffcategory

2018(%) 2017(%)

2016(%)

Overallstaffturnover 8.1 7.5 5.6Turnoveroffemaleemployees 7.5 6.2 5.2Turnoverofmaleemployees 8.7 8.9 7.6Employeeturnoveryoungerthan29 5.0 8.1 1.0Employeeturnoverbetween30and50 8.4 8.8 8.0Employeeturnoverovertheageof50 8.0 2.0 3.7Turnoverinspecialist/expertise,managementandexecutiveroles 7.6 6.7 7.7Femalenewemployees 53.8 51.9 44.7Newemployeesinprovincialoffices 11.8 5.5 11.8Newemployeesfromdesignatedgroups 96.2 96.3 90.8Newemployeesyoungerthan29 32.8 33.3 30.3Newemployeesbetween30and50 64.4 66.7 6.7Newemployeesovertheageof50 2.8 0 2.6Permanentemployeesyoungerthan29 9.4 9.6 11.3Permanentemployeesbetween30and50 71.0 71.4 71.8Permanentemployeesovertheageof50 19.6 19.0 16.9

7. InformationTechnologyStrategicinitiativesOnceagain,theITdepartmentreceivedacleanannualexternalauditreportforthe2018financialyear.TheexternalauditorsconcludedthattheITenvironmentattheIDCcouldberelieduponforfinancialreportingpurposes.ThecleanauditwasasaresultofthedepartmentadheringtoindustrybestpracticesandstringentITgovernanceprocesscontrols.

TheprovisioningofITSecurityinterventionsandfourthindustrialRevolution(4IR)digitaltechnologysolutionsbytheITdepartmenttoprotectandenablethecorporation’sbusinessvaluechainisapriority.Therolloutofimprovedendusercloudservicessuchas0ffice365andmobilevideoconferencingsolutionshasfurtherenabledandimprovedcustomercentricityandexpandedmarket/clientreach.

ThekeyITstrategicinitiativesachievedduringtheyearunderreviewincluded:

• Successfuldisasterrecoverytestingofcriticalbusinesssystems;• Installationandrolloutofnewandimprovedaudiovisualandtelephonytechnologiesforimprovedbusiness

communication/collaboration,serviceavailability,accessibilityandperformance;• Furtherstrengtheningofdetective,forensic,auditandpreventativecybersecuritycontrolstoprotectthecorporationagainstnew

andevolvingsecuritythreats,suchasunauthorizedaccesstothecorporation’sinformationassets,and• Improvedbusinessintelligencecapabilitytoimproveorganizationaldecisionmaking.

ITandbusinessalignmentTheITdepartmentcontinuestoupgradetechnologicalinfrastructureandservicesatourHeadandRegionalofficestoimproveservicepresence,availabilityandunifiedcommunication(forvoiceandvideo).

8. ProcurementTheIDCiscommittedtopromotingeconomicgrowththroughtheadvancementofpreferentialprocurementandthepromotionoflocalproduction.SpendwithlocalsuppliersreferstoalldiscretionaryprocurementspendfacilitatedthroughtheIDCProcurementdepartmentwithsuppliersofmaterials,productsandservicestradingfrompremiseswhicharephysicallylocatedwithinthebordersofSouthAfrica.

IDCisaLevel4BEEContributorbasedonanindependentreviewundertakenbyaSANAS(SouthAfricanNationalAccreditationSystem)accreditedratingagencyasassessedundertheAmendedFinancialSectorCodesforB-BBEEthatcameintoeffectinDecember2017.Intheyearunderreview,theCorporationspentmorethan90%ofitstotaldiscretionaryprocurementspendwithlocally-basedsuppliers.

TheintroductionoftherevisedPreferentialProcurementRegulationswhichcameintoeffectinApril2017,nowenablestheIDCtochannelitsprocurementspendtoBEEcompliantcompanieswhichresultedintheCorporationappointingBlackOwnedExternalAuditfirmsforthe2017/18financialaudit.Inaddition,theIDCapprovedapanelofmainlyBlackOwnedmarketingagenciestoprovidemarketingservicestotheCorporationtopromoteitstransformationobjectivesthroughtheprocurementfunction.

TheIDC’sSupplierDevelopment(SD)Programaimstoacceleratesustainabledevelopmentandtosupportsmallandemergingblack-ownedsuppliersoftheIDC.BeneficiariesoftheSDProgramwereassistedwithessentialbusinesssupportinterventionswhichincludedbusinessskillstraining,mentoring,coachingandthesupplyofessentialbusinesstools.Tothatend,theSDProgramgenerallysupportedthecreationofnewjobopportunitiesfortheSDBeneficiarycompaniesandalsoresultedinaccesstonewbusinessopportunities.Duringtheyearunderreview,theIDCaddedanSDBeneficiarytoitsprogramwhichisaBlackyouthownedcompany,andasaresultoftheIDC’scontributionandassociationwiththisfirm,thecompanyattainedanewcleaningservicescontractresultinginmorejobsbeingcreated.

ThroughitscommitmenttoGovernment’snationalbroad-basedblackeconomicempowerment(“B-BBEE”)andtransformationgoals,theIDCisplayinganimportantroleinsupportingGovernment’sinitiativestowardsasustainableeconomyandpeoplewhoactivelyparticipateinit.

9. SpecialFundingSchemes

FUND PURPOSE FUNDSIZE

FINANCIALINSTRUMENT

FUNDINCEPTION

Amountapprovedsince

inceptionofFunduntil31March2018

CROSSSECTORAL

1 GRO-EYOUTH AssistyouthownedcompaniesthatcreatejobsatacostperjoboflessthanorequaltoR750000perjob. R950m loan/equity 2013/01/04 R553m

2 YOUTHPIPELINEDEVELOPMENTPROGRAM

Assistyouthapplicantswithawide-rangingsetofnon-financialsupportatpre-investmentandpostinvestmentstages. R50m loans/grants 2016/03/31 R4m

3 UIF2

AssistcompaniesthatsaveorcreatejobsatacostperjoboflessthanorequaltoR600000perjob R5b loans 2017/03/31 R655m

4 EIBSMEMIDCAPFUND

AssistingSMEsandMIDCAPcompaniestoaccessloanfinancingforCAPEX.mediumandlong-termworkingcapital

caR750m(variable-exchange

ratedependent)

loans 2015/11/23 R519m

5 TECHNOLOGYVENTURE

CAPITALCommercialisationofinnovativeproducts.processes

andtechnologies R165m loan/equity/quasi-equity 2012/04/01 R128m

6MANUFACTURINGCOMPETITVENESSENHANCEMENTPROGRAM

ToassistmanufacturersunderSIC3toaccessmoreaffordableworkingcapitalandplantandequipmentfacilities

R1.5bln loan 2012/01/09 R1,9bln

7 AFDFUND

StimulatesmallscalePowerPurchaseAgreementbasedrenewableenergyandgreenfieldenergyefficiencyinvestmentsincommercialandindustrialsectors. R790

($66.6m) loan 2012/06/27 R213m

INDUSTRYSECTORSPECIFIC

8 PRO-FORESTRYSCHEME

SupportnewafforestationandtransformationprojectsintheForestrysector

R200m Loan/equity 2008/07/01 R113.2m

9 AGRO-PROCESSINGCOMPETITIVENESSFUND

Facilitateincreasedcompetition.growthanddevelopmentinagro-processingsector;throughprovisionoffinancetonon-dominantplayers

R250m loan/equity 2012/01/07 R286.2m

10 CLOTHING.TEXTILES.LEATHER

ANDFOOTWEARSCHEME

TofundlocalplayerstoupgradetheirP/Etobecomegloballycompetitive R750m loan 2008/09/08 R714.9m

11CLOTHINGANDTEXTILESCOMPETIVENESSPROGRAMME(CTCP)

ToimprovetheoverallcompetitivenessofthelocalClothing.Textiles.Footwear.LeatherandLeathergoodsmanufacturingindustries R6.59bn R6.76bn

11.a

CompetitivenessImprovementProgramme(CIP)

Improveproduct.processesandpeopleonaclusterbasis R931m grant 2009/01/04 R956m

11.b ProductionIncentiveProgramme(PIP)

fundingprovidedtoindividualcompaniesforplantandequipmentupgradeaswellasimprovementofproduct.processesandpeople R5.57bn grant 2010/01/04 R5,8bn

12 EMERGINGBLACKFILMAKERSFUND

TheEBFTFisenvisagedtoprovideopportunitiestoSABlackFilmmakers.whoareblackdirectorsdirectingfilmswherethemajorityofthefilmrightsareownedbyBlackFilmmakerstogainexperience.tobuildatrackrecordandtoestablishabrand. 77.2m Equity/Loan 2014/06/18 8.6m

13 DownstreamSteelIndustryCompetitivenessFund

Toassistqualifyingenterprisesinthedownstreamsteelsectorstoimprovetheircompetitiveness.aswellascompaniesindistresswithbankableturnaroundstrategiesinordertosurvivethecurrentdownturn.

R95m loans/quasiequity 2017/07/07 R5,9m

14 TirisanoConstrutionFund

TopromotethedevelopmentandenhancementoftheConstructionIndustryand.inparticular.transformationobjectives in the Construction Industry. includingpromotingsocialinfrastructure.

R1.5bln Grants/Loans/QuasiEquity/Equity 2018/03/31 0

10. MembershipsCompanyDetails BenefitstotheIDC

WorldEconomicForum-RegionalPartnership

• Opportunitytoregisterfive(5)Executivesandone(1)adminstaffofthepartnercompanytoattendaRegionalForummeeting;

• ExecutivemembershavetheopportunitytospeakattheseRegionalmeetings;• ProvideinputtotheprogrammeandinfluencetheagendaoftheRegionalForum;• AccesstoForumAffiliates’networks;and• Participateinregionalprojectsandinitiatives.

AssociationofAfricanDevelopmentFinanceInstitutions(AADFI)

• ThisplatformdoesnotonlyprofiletheIDCbutalsoenablesinformationsharingofbestpracticesindevelopmentfinance;

• Participatinginworkshopsandconferences;• ParticipatinginstudytoursorganisedbyAADFI;and• Takepartinthepeerreviewexercises.

AfricanProjectAccess(APA) • VisibilityandnetworkingoftheIDC.

BusinessWomen’sAssociation

• Networkingopportunities.

AssociationofBlackSecuritiesInvestmentProfessional(ABSIP)

• TheIDCleadershipgetstosharetheirexperienceswithprospectiveprofessionalsandimpartskills.Atthesametime,themembersgettoknowabouttheimportantrolethattheIDCplaysinshapingSouthAfrica’seconomy;

• ThisapproachlendsitselftobusinessdevelopmentthroughpromotingIDCproductsandservicestoABSIPmembers;

• IDCprofessionalsalsogettoattendconferences/seminarsthatareorganisedbyABSIPonpertinentissuesthatfacethefinancialservicessector;

EasternCapeForestryDevelopmentForum

• OpportunitiestoprofileIDC;• Networkingopportunities;and• Projectpipelineanddealgeneration.

AgriculturalBusinessChamber(ABC)

• TocommunicatetheimportantrolethattheIDCplaysinshapingSouthAfrica’seconomy;• ForIDCleadershiptoshareitsplansfortheagriculturalsectorwithmembersofthechamber;• BusinessdevelopmentthroughpromotingIDCproductsandservicestoABCmembers;• Tosourceopportunitiestofundbusinesses;and• Attendanceofconferences/seminars–includesspeakingopportunities.

BlackManagementForum(BMF)

• ProfilingtheIDCthroughspeakingopportunitiesatBMFseminars,conferencesandworkshops.

AHIBloemfonteinBusinessChamber

•Networkingwithvariousindustriesthataremembersofthechamber;•Speakingatseminars,conferencesandworkshops;and•ProfilingtheIDC.

BorderKeiChamberofCommerce-EastLondon

• Corporatebrandingonchamberpromotionalbrochures&catalogues;•Branding/sponsorshipofevents;•Brandingonelectronicmedia(website,e-mail,newsletters);• AdvertisinginTheBusinessHi-Litemagazine;and•ComplimentaryplaceschamberdinnersorbreakfastsforIDCstaff.

DurbanChamberofCommerceandIndustry

•Networkingopportunities;•Marketing-disseminationofinformationtomembersofthechamber;and•Businessreferralsviathechamber.

CapeRegionalChamber •Accesstocorporatemembersforpotentialfunding;•Speakingopportunities;and•Stakeholderrelations.

LowveldChamberofBusinessandTourism

•Networkingopportunities;•IDCisfeaturedintheLowveldBusinessandInvestmentGuide.

MCCI(BusinessChamber) •NetworkingwithIndustries;•Speakingatseminars,conferencesandworkshop;and•ProfilingtheIDC.

SouthAfricanChamberofCommerceandIndustries(SACCI)

• Throughitsmembership,theIDCisabletoparticipateinissuesthataffectthebusinessenvironmentandinthenationaleconomy;

• TheIDCtohelpshapeandformulatepolicypositionsonbusinessissuesofnationalimportance;• TheIDCgetstoshowcaseitspositionasaleadingdevelopmentfinanceinstitution,inlinewithitsLeadershipinDevelopmentstrategy;and

• Aby-productofthisisthatthebusinesscommunitygetsexposedtotheIDC’sproductofferingsandcreatesabetterunderstandingofitsleadershiprole;and

• SACCI’svariousseminarsandpresentationswheretopspeakersshareimportantbusinessinsights.

PolokwaneChamberofCommerce

• IDChasaccesstomembersfromdifferentsubsectorsthusprovidinginvestmentopportunitiesforthecorporation.

PietermaritzburgChamberofbusiness

•Networkingopportunities;•Marketingbydisseminationofinformationtomembersofthechamber;and•Businessreferralsviathechamber.

NelsonMandelaBayChamber •Brandingopportunityonthebusinesschamberwebsite;•Brandingonthebusinesschamber’snewsletter;and•Advertisingintheirmagazine.

CorporateExecutiveBoard(CEB)

• Adoption and utilisation of best practice information, benchmarking information, and peoplepractice trends and analyses in the new world of work, understanding of lessons learnt andimplementationadvice,risksandconsiderations;

•Themembershipaffordstheorganisationopportunities toengagewithspecialistHumanCapitaladvisersasandwhenrequired;

• Guidanceonwherebestpracticeinformationcanbesourced;and•OpportunitiesforIDCtoengageandnetworkwithotherentitiesonpeople-relatedissues.

ForestSectorBBBEECharterCouncil

NetworkingandprofilingIDC(throughForestryandWoodProductsSBU)Informationsharingwithinthesector.

ExportersClub(PortElizabeth) •Networkingopportunitiesatitsevents;• Opportunitytogaininformationonexportrelatedmatters;•StrengtheningthebondsbetweenmemberswithinterestssimilartothoseoftheIDC;•Opportunitiesforopendebateonsubjectsofgeneralinteresttotheexportfraternity;and•Marketingexposurethroughtheawards.

ProudlySouthAfrican •ThemainbenefitisthattheIDCisattheforefrontofeffortstoturnaroundSouthAfrica’seconomyforsustainableeconomicdevelopment;

•TopositiontheIDCasahome-grown,patrioticdevelopmentfinanceinstitutioninSouthAfricaandthecontinent;

•Theshowcasethecorporation’seffortstofundandpromotelocalmanufacturingthroughlocalbusinessthathavebeenfundedbythecorporation,andthusleadbyexample;and

•Thecorporationisabletopromoteitsproductsandservicesamongstbusinessesthathavesimilarlocalisationobjectives.

KZNGrowthCoalition •Publicprivatepartnershipnetworkingopportunities;and•DisseminationofinformationbetweenIDCandmembersofthisorganisation.

SouthAfricanDevelopmentCommunity-Development

• Institutionalsupport,includingcapacitybuilding;•Infrastructureandpublicprivatepartnershipsdelivery;

FinanceResourceCentre(SADC-DFRC)

• Throughitsworkincapacitybuilding,researchandcontributiontopolicyformulation,theIDChasanopportunitytoexchangeinformationwithfellowSADCdevelopmentfinanceinstitutionsandtherebycontributetoSADC'sgoalsofeconomicgrowthandsustainabledevelopment;

• FortheIDCtoworkcloselywiththeSADC-DFRCtobuildcapacityanddevelopstrategiestostrengthenthedevelopmentfinancesector;

• TheIDCalsobenefitsfromtheSADCRegion’sgoalofregionalintegration,asspearheadedbytheDFRC;and

• BelongingtothenetworkensuresthattheIDCisattheforefront,keepingupwithdevelopmentsintheDFIspace.

SouthernBiogasIndustryAssociation(SABIA)

•ProfileIDCasafunderofgreen(Biogas)projects;• ShareIDCrequirementsforfinancinggreenprojects;and•Networkingopportunitieswiththeindustry.

SouthAfricanIndependentPowerProducersAssociation(SAIPPA)

• Networkingwiththerenewableenergyindustry;and•IDCisupdatedonregulatorymattersthatarerelevanttotheindustry.

SAPVIA • Theassociationisdevotedtopromotingthegrowthofthecountry’ssolarphotovoltaic(PV)electricitymarket,andaimstocontributetothecountry’srenewableenergyroll-out.

SouthAfricanVentureCapitalandPrivateEquityAssociation(SAVCA)

• IDCgettoparticipateintheSAVCAVentureCapitalsubcommittee;• IDCalsobenefitsfromventurecapital-specificresearchconductedbySAVCAonbehalfofitsmembers;

• BenefitsfromtheresearchandlobbyingdonebySAVCAonbehalfofallitsmembers(includingbothPrivateEquityandVentureCapitalparticipants);

• TostimulatethegrowthoftheSAVentureCapitalIndustrybyplayingapartinstrengtheningtheoverallSAventurecapitalecosystemthroughcollaborationwithotherventurecapitalfundersandinvestors;and

• Gaininsightintothefundingmandates,focusareas,andapproachtonewandfollow-oninvestmentsofotherventurecapitalfunders.

SouthAfricanSavingsInstitute(SASI)

• TheInstituteiscommittedtoplayingameaningfulroleinsecuringsustainedgrowthinthe

nationalsavingsratetoenhancethefinancialhealthofthenationandthewell-beingofits

citizens;and

• Theinstitutefosteracultureofsavingsthroughinitiativesthat:raiselevelsofawareness,causedebateanddevelopsavingsoutlookthatwillinfluencedecision-makingbypublicandprivate

sectorinstitutionsandconsumers.

UnitedNationsEnvironmentProgramFinancialInitiative(UNEPFI)

• ThismembershippositionstheIDCasanenvironmentallyresponsibleDFI;and• MembershipprovidestheIDCwithanopportunitytoparticipateintheformulationofUPEPFIguidelines

• Networking,andknowledgesharing.

ChamberofCommerceandIndustry–Johannesburg(JCCI)

• ThismembershipassisttheIDCtoengagingwithakeyplayerinthepromotionandfacilitationofinternationaltrade;

• Themembershipalsopromoteenterprisedevelopment,skillsdevelopmenttrainingandbusinessadvisoryservices;and

• Networking,participateinthechambersprogrammes.

BlackBusinessCouncilBBC

• Complimentaryparticipationintheworkshopsorganisedbythechamber;• Contributionintheformulatingpolicies;and• ParticipationinspecialInvestmentmeetingswithchamberboard.

AfricanWomenCharteredAccountants(AWCA)

•TheIDCgetstheadvantageofsourcingtalentdirectlyfromapoolofhighlyqualifiedprofessionalsseekingqualityadvancementinthefinancialservicessector;

•AccesstogroomedandfullyvettedAWCAbursaryrecipientsforpossibletrainingcontracts.•InclusiononAWCA’sCSIinitiatives;•Threecomplementaryindividualmemberships,•RecognitionandprofilingoftheorganisationanditsselectedemployeesatAWCAeventsthroughouttheyear;

•AnopportunitytofurtherdemonstrateacommitmenttotransformationpoliciesinthecorporateenvironmentandalignmentwiththeprogressiveAWCAbrand;

•Standinginvitationtoregulareventsheldi.e.PowerTea,OuttoLunch,RoundtableDiscussion,andCelebrateSuccess;

•PreferentialratesforstaffonAWCAendorsedtraininganddevelopmentprogrammessuchastheDukeWomenLeadingAfricaprogrammeandtheFordhamUniversity-EmergingmarketsandCountryRiskcoursesprogramme;and

•Tailor-madecollaborativeinitiatives,focusingoneachindividualcorporatesponsor’scurrentvision.

11. CustomerRelationshipManagementANNUALCUSTOMERSATISFACTIONSURVEY

Understandingourcustomers’needsispartofourcustomerexperiencestrategyandworksasayardsticktomeasureandimproveour

servicelevels.Theapproachassistsustowardscontinuousserviceimprovementsateveryinteraction.Forthispurpose,weconduct

customersatisfactionsurveystomeasurethesatisfactionlevelsofourclientsandusethefeedbacktoaddressserviceissues,including

implementingremedialactions.

TheAnnualCustomerSatisfactionSurveyfocussesonexistingclients(clientswhohavegonethroughtheentireIDCapplicationprocess,

includingdisbursementoffunding).ThesurveyexcludesclientswhoareinLegalandWorkout&Restructuring.

Thestudyisconductedbyanindependentresearchagency,whichusesa10-pointscalewhereascoreof7/10isconsideredgood,8-

9/10asverygoodand10asexcellent.

TheCorporationscored7.8fortheoverallserviceexperienceinthe2017/2018financialyear.Atotalof231respondents,contacted

randomly,participatedinthesurveywitharepresentativesampleacrossthevariousStrategicBusinessUnits.

RespondentswerealsoaskedtoratetheIDConspecificserviceattributesthatwerecatagorisedunderfourdimensions,namely;(a)

Solutions/ProductsandServices,(b)ServiceEfficiency,(c)CustomerInterface,and(d)BusinessApproach.Theoverallscoreforthe

fourdimensionsaredepictedbelow.

SUMMARYOFTHEKEYRESEARCHFINDINGS

Overall,clientsaresatisfiedwiththeareasofconcernbeingturnaround,responsivenessandcommunication.

KeyStrengths

• Highlevelofprofessionalisminbusinessdealings

• Asupportivebusinesspartnerandfunder

• Competitivepricing/goodinterestrates

• Availabilityofapplicablesolutions/productsthatmeettheclients’requirement

• Satisfactoryservicelevels

Suggestionsforimprovements

• Turnaroundtime

• Improvecommunication

• Improveinternalprocesses

ServiceEfficiency

(7.4)

Clientinterface(7.6)

Businessapproach(7.6)

Solutions/productsandservices(7.7)

• Simplifyrigid/notflexiblecontracts

• Streamlinetheapplicationprocess

Benefits

ThefindingsenabletheIDCtohaveafullviewandunderstandingofthecustomerexperiencethroughtheapplicationandafter-carejourney.

Thishasequippedthecorporationtoimplementremedialactionstomeetandexceedtheclients’expectations.

Plansforthe2018/19financialyear

The key focus is to enhance client interactions through face-to-face contact as well as through our online platforms. In addition, we see

opportunitiestocreateavenuesforourclientstointeractwitheachotherandinthatmannerfacilitatemutualbusinessrelationships.

12. KingIVChecklist

Key ApplicationoftheKingIVreportfocuseson:

- Ethicalculture

- Goodperformance

- Effectivecontrol

- Legitimacy

ü Applied

« Partiallyapplied

t Notapplied

Ï Inprogress

p Notapplicable

Leadership,ethicsandcorporatecitizenship

Leadership Principle1 Theboardshouldleadethicallyand

effectively

2-5,51-54

Organisationalethics Principle2 Theboardshouldgoverntheethicsofthecompanyinawaythatsupportstheestablishmentofanethicalculture

51,55-57

Responsiblecorporatecitizenship

Principle3 Theboardshouldensurethatthecompanyisandisseentobearesponsiblecorporatecitizen

60-61,

Strategy,performanceandreporting

Strategyandperformance

Principle4 Theboardshouldappreciatethatthecompany’scorepurpose,itsrisksand

6,9,13,14,18-19,26-49

opportunities,strategy,businessmodel,performanceandsustainabledevelopmentareallinseparableelementsofthevaluecreationprocess

Reporting Principle5 Theboardshouldensurethatreportsissuedbythecompanyenablestakeholderstomakeinformedassessmentsofthecompany’sperformance,anditsshort,mediumandlongtermprospects

66-72

Governingstructuresanddelegation

Primaryroleandresponsibilitiesoftheboard

Principle6 Theboardshouldserveasthefocalpointandcustodianofcorporategovernanceinthecompany

51-53

Compositionoftheboard

Principle7 Theboardshouldcompromisetheappropriatebalanceofknowledge,skills,expertise,diversityandindependenceforittodischargeitsgovernanceroleandresponsibilitiesobjectivelyandeffectively

20-21,51

Committeesoftheboard

Principle8 Theboardshouldensurethatitsarrangementsfordelegationwithinitsownstructurespromoteindependentjudgmentandassistwithbalanceofpowerandtheeffectivedischargeofitsduties

52-56

Evaluationsoftheperformanceoftheboardgoverningbody

Principle9 Theboardshouldensurethattheevaluationofitsownperformanceandthatiscommittees,itschairanditsindividualmembers,supportcontinuedimprovementinitsperformanceandeffectiveness

54-55

Appointmentanddelegationtomanagement

Principle10 Theboardshouldensurethattheappointmentof,anddelegationto,managementcontributetoroleclarityandtheeffectiveexerciseofauthorityandresponsibilities

15,22-25,52-56

Governancefunctionalareas

Riskgovernance Principle11 Theboardshouldgovernriskinawaythatsupportsthecompanyinsettingandachievingitsstrategicobjectives

10-11,63-65

Technologyandinformationgovernance

Principle12 Theboardshouldgoverntechnologyandinformationinawaythatsupportsthecompanysettingandachievingitsstrategicobjectives

62-63

Compliancegovernance

Principle13 Theboardshouldgoverncompliancewithapplicablelawsandadopted,non-bindingrules,codesandstandardsinawaythatsupportsthecompanybeingethicalandagoodcorporatecitizen

65-66

Remunerationgovernance

Principle14 Theboardshouldensurethatthecompanyremuneratesfairly,

57-60

responsiblyandtransparentlysoastopromotetheachievementofstrategicobjectivesanpositiveoutcomesintheshort,mediumandlongterm

Assurance Principle15 Theboardshouldensurethatassuranceservicesandfunctionsenableaneffectivecontrolenvironment,andthatthesesupporttheintegrityofinformationforinternaldecision-makingandofthecompany’sexternalreports

63,66,79-82

Stakeholders Principle16 Theexecutionofitsgovernanceroleandresponsibilities,theBoardshouldadoptastakeholder-inclusiveapproachthatbalancestheneeds,interestandexpectationsofmaterialstakeholdersinthebestinterestofthecompanyovertime

26-50,60-61

Institutionalinvestor Principle17 Thegoverningbodyofaninstitutionalinvestororganisationshouldensurethatresponsibleinvestmentispracticedbytheorganisationtopromotethegoodgovernanceandthecreationofvaluebythecompaniesinwhichitinvests.

61-62

13. GRITableGLOBALREPORTINGINITIATIVE(GRI)G4Index2018

GENERALSTANDARDDISCLOSURESIndicator Description Page External

Assurance

STRATEGYANDANALYSIS G4-1 LeadershipCommentary:

Minister'sForewordChairperson'sStatementChiefExecutiveOfficer'sStatement

2-34-522-23

*

G4-2 Keyimpacts,risksandopportunities:Economic,environmentalandsocialimpactsMaterialityStrategyStakeholdersFinancialsustainabilityRiskmanagementTargetsandperformance

1,2-5,7-9,12-14,48-5016-176,13-1416-1712,73-7810-11,61-6612,18-19

Selectedindicatorsareassured

ORGANISATIONALPROFILE G4-3 TheIndustrialDevelopmentCorporationofSouthAfrica

Limited79 *

G4-4 Theprimarybrands,productsandservicesGroupoverviewandoperationalstructureApproachtosectordevelopmentBusinessmodelTheIDCfundingmodel

14-15,79andonline13-148-96andonlinesectiononspecialschemes

*

G4-5 Thelocationoftheorganization'sheadquarters:19FredmanDrive,Sandton,Johannesburg,SouthAfrica

84 *

G4-6 SignificantlocationsofoperationOperationalfootprint

7 *

G4-7 ThenatureofownershipandlegalformMandateGroupstructure

6online

*

G4-8 Marketsserved,geographicbreakdownandsectorsservedGroupoverviewandoperationalstructureBusinessmodelApproachtosectordevelopmentGeographicalbreakdown

15andonline8-9137andonline

*

G4-9 ThescaleoftheorganizationTotalnumberofemployeesTheoperationalandprojectfootprintinSouthAfricaandtherestofthecontinentProductsandservicesprovidedNetrevenuesandcapitalizationBusinessmodel

59andonline7andonline669-758-9

Yes,Consolidatedandseparatefinancialstatementsindependentlyaudited

G4-10 StaffProfile 59,online*

G4-11 TheIDCoperateswithintheprovisionsofallrelevantlabourlegislationincludingtheprovisionofminimumnoticeperiodsregardingoperationalchangesshouldthesearise

57-61

*

G4-12 Theorganization'ssupplychainisdiscussedundertheIDCfundingprocessandtheonlinesectiononProcurement

6andonline*

G4-13 Therewerenosignificantchangesduringthereportingperiodregardingsize,structureorownership.TheaimofProjectEvolvewastoidentifythesectorswherethe

13*

IDCwillbeplayingaproactiveroleindevelopingindustry.

G4-14 TheIDC'sEnvironmentalandSocial(E&S)frameworkisalignedtothePrecautionaryPrincipleMitigatingkeyrisksIDCfundingprocessandbusinesssupportNaturalenvironment(indirectrisks)Enterpriseriskmanagement

61-65661-6263-65

*

G4-15 Externallydevelopedcharters,principles,orotherinitiativestowhichtheIDCsubscribesorwhichitendorses:B-BBEEEratings,SignatorytoUNEP-FI,GuidedbythePFMA,KingIIIchecklist,GRIG4reportingguidelines

online

*

G4-16 AssociationsandnationalorinternationaladvocacyorganizationsofwhichIDCisamember,specialfunds,buildingpartnerships,assistinggovernment/publicsector

online

*

IDENTIFIEDMATERIALASPECTSANDBOUNDARIES

G4-17 Investmentsinsubsidiaries 16-17,62,65,72-74,notestotheannualfinancialstatements

Yes,Consolidatedandseparatefinancialstatementsindependentlyaudited

G4-18 Explaintheprocessfordefiningthereportcontent 79 *

G4-19 Listallthematerialaspectsidentifiedintheprocessfordefiningreportcontent

16-17andonline-GRIAspectscanbefoundintheGRIchecklistintheonlinesection

*

G4-20 TheboundaryforeachmaterialaspectisexplainedthroughoutthereportasreferencedinthisGRIindex

Throughoutthereportandonline-GRIAspectscanbefoundintheGRIchecklistintheonlinesection

*

G4-21 Theboundaryforeachaspectisexplainedthroughoutthereportateachindicator

Throughoutthereport *

G4-22 Therewerenore-statementsofinformationandnorestatementsofinformationwererequired

79 *

G4-23 UsingtheGRI4format,wecontinuetoexpandboundarytoincludemorematerialsubsidiariesinsomeaspects

79*

STAKEHOLDERENGAGEMENT G4-24 Stakeholderengagementtable online *G4-25 Stakeholderidentification 16-17andonline *G4-26 Stakeholderengagementpractices,feedbacksurveys

andethics17andonline *

G4-27 Keytopicsandconcernsthathavebeenraisedthroughstakeholderengagementandtheorganisation'sresponsetothosekeytopicsandconcerns,includingtheidentificationofmaterialissues,materialissuestable,theriskreview,Directors'Report

22-23,2-5,10-11,22-23,57-65,throughoutthereport *

REPORTPROFILE G4-28 Thereportingperiodisforthefiscalyear1April2016to

31March201779 *

G4-29 Thelastreportwasissuedfortheyearended31March2016

79 *

G4-30 Thereportingcycleisannual 79 *G4-31 Keycontactsarelistedontheinsidebackcoverofthe

report84-85 *

G4-32 ThereportcontainsStandardDisclosuresfromtheGRIG4CoreSustainabilityGuidelines

79,GRItableonline *

G4-33 Externalassurance 80,69 *G4-34 Governancestructure 53-56 * ETHICSANDINTEGRITY G4-56 EthicsandValues 6,54-56 *

SPECIFICSTANDARDDISCLOSURESDMAandIndicators

StandardDisclosureTitle

IdentifiedOmission(s)

Reason(s)forOmission(s)

Page ExternalAssurance

CATEGORY:ECONOMICMATERIALASPECT:ECONOMICPERFORMANCEG4-DMA Economicoverview,

Policyenvironment,Ourmandate,Governance

Fullydisclosed

1-9,12-14,18-19,22-23,48-56

*

G4-EC1 Directeconomicvaluegeneratedanddistributed

Fullydisclosed

73-78 Yes

G4-EC2 Risksandopportunitiesposedbyclimatechangethathavethepotentialtogeneratesubstantivechangesinoperations,revenueorexpenditure

Fullydisclosed

38-39

*

MATERIALASPECT:MARKETPRESENCE

G4-DMA TheIDCattempttoeliminateallformsofdiscriminationagainstminoritygroupsthroughtheMinorityFundSchemesandtheapplicationoftheBEEscorecard

Fullydisclosed

1,7-9,18-19,50andonlinesectiononthespecialfunds

*

G4-EC6 TheIDCprovidepercentagesofdesignatedgroupsinseniormanagementpositions,inlinewithSouthAfrica'sB-BBEEaspirations

Fullydisclosed

57-59andonline

*

MATERIALASPECT:PROCUREMENTPRACTICES

G4-DMA Procurement 56andonline

*

G4-EC9 Proportionofspendingonlocalsuppliersatsignificantlocationsofoperation,B-BBEEEcodeofgoodpracticeandpreferentialprocurement

online *

MATERIALASPECT:INDIRECTECONOMICIMPACTSG4-DMA Aneconomicoverview

andthepolicyenvironmentareaddressedintheLeadershipCommentary.

Fullydisclosed

2-5

*

G4-EC8 Performancehighlights,SBUsector-specificperformancereports,Developmentfunds,Investingincommunities,B-BBEE,Indirectimpacts

Fullydisclosed

1-5,26-47,48-50,onlinesectiononspecialfunds

*

CATEGORY:ENVIRONMENTALMATERIALASPECT:ENERGYG4-DMA NaturalEnvironment Fully

disclosed 61and

online *

G4-EN3 Energyconsumptionwithintheorganization

Fullydisclosed

61andonline *

G4-EN5 Energyintensity Fullydisclosed

61andonline *

MATERIALASPECT:WATERG4-DMA NaturalEnvironment Partially

disclosed 61and

online *

G4-EN9 Watersourcessignificantlyaffectedbywithdrawalofwater

Partiallydisclosed

Theinformationiscurrentlyunavailable

61andonline

*

MATERIALASPECT:EMISSIONSG4-DMA NaturalEnvironment 61and

online*

G4-EN15 DirectGHGemissions(Scope1)

Partiallydisclosed

Theinformationiscurrentlyunavailable

CourierservicesnotincludedinScope1calculationsasthecouriersareexpectedtoreportontheirimpactseparately.

61andonline

G4-EN16 EnergyindirectGHGemissions(Scope2)

Fullydisclosed

61andonline

MATERIALASPECT:EFFLUENTSANDWASTEG4-DMA NaturalEnvironment Partially

disclosed 61and

online*

G4-EN22 Totalwaterdischargedbyqualityanddestination

Partiallydisclosed

Theinformationiscurrentlyunavailable

61andonline

*

CATEGORY:SOCIALSUB-CATEGORY:LABORPRACTICESANDDECENTWORK

MATERIALASPECT:EMPLOYMENTG4-DMA HumanCapital Fully

disclosed 57-61

andonline

*

G4-LA1 Totalnumberandratesofnewemployeehiresandemployeeturnoverbyagegroup,genderandregion

Fullydisclosed

57-61andonline

*

G4-LA2 Benefitsprovidedtofull-timeemployeesthatarenotprovidedtotemporaryorpart-timeemployees,bysignificantlocationsofoperation

Partiallydisclosed

57-61andonline

*

MATERIALASPECT:LABOR/MANAGEMENTRELATIONSG4-DMA HumanCapital-

Minimumnoticeperiodsregardingoperationalchanges,andwhetherthesearespecifiedincollectiveagreements.

Fullydisclosed

TheIDCoperateswithintheprovisionsofallrelevantlabourlegislationincludingtheprovisionofminimumnoticeperiodsregardingoperationalchangesshouldthesearise.

*

G4-LA4 Minimumnoticeperiodsregardingoperationalchangesandwhetherthesearespecifiedincollectiveagreements.

Fullydisclosed

TheIDCoperateswithintheprovisionsofallrelevantlabourlegislationincludingtheprovisionofminimumnoticeperiodsregardingoperational

*

changesshouldthesearise.

MATERIALASPECT:OCCUPATIONALHEALTHANDSAFETYG4-DMA NaturalEnvironment Fully

disclosed online *

G4-LA5 Percentageoftotalworkforcerepresentedinformaljointmanagement-workerH&ScommitteesthathelpmonitorandadviseonOHSprograms

Fullydisclosed

online

*

G4-LA6 Typeofinjuryandratesofinjury,occupationaldiseases,lostdays,absenteeism,andtotalnumberofwork-relatedfatalities,byregionandbygender

Fullydisclosed

online

*

MATERIALASPECT:TRAININGANDEDUCATIONG4-DMA HumanCapital-

Growinganddevelopingourtalentedworkforce

Fullydisclosed

57-59

*

G4-LA9 Averagehoursoftrainingperyearperemployeebygenderandbyemployeecategory

Fullydisclosed

58andonline

Yes

G4-LA10 Programsforskillsmanagementandlifelonglearningthatsupportthecontinuedemployabilityofemployeesandassisttheminmanagingcareerendings

Fullydisclosed

57-59 Yes

G4-LA11 Percentageofemployeesreceivingregularperformanceandcareerdevelopmentreviews,bygenderandbyemployeecategory

Fullydisclosed

57-59 *

MATERIALASPECT:DIVERSITYANDEQUALOPPORTUNITYG4-DMA HumanCapital Fully

disclosed 57-61

andonline

*

G4-LA12 HumanCapital-Compositionofgovernancebodiesandbreakdownofemployeesperemployeecategoryaccordingtogender,agegroup,minoritygroupmembership,

Fullydisclosed

57-61andonline

yes

andotherindicatorsofdiversity

MATERIALASPECT:SUPPLIERASSESSMENTFORLABORPRACTICESG4-DMA Procurement Fully

disclosed Assessingour

suppliers’labourpracticesisnotmaterialtotheIDC’sbusiness

56andonline

G4-LA14 Percentageofnewsuppliersthatwerescreenedusinglabourpracticescriteria

Fullydisclosed

56andonline

MATERIALASPECT:LABORPRACTICESGRIEVANCEMECHANISMSG4-DMA HumanCapital Fully

disclosed 57-61 *

G4-LA16 HumanCapital-Numberofgrievancesaboutlabourpracticesfiled,addressed,andresolvedthroughformalgrievancemechanisms

Fullydisclosed

57-61

*

SUB-CATEGORY:HUMANRIGHTSMATERIALASPECT:INVESTMENTG4-DMA NaturalEnvironment Not

disclosedTheinformationis

*

currentlyunavailable

G4-HR1 Totalnumberandpercentageofsignificantinvestmentagreementsandcontractsthatincludehumanrightsclausesorthatunderwenthumanrightsscreening

Notdisclosed

Theinformationiscurrentlyunavailable

*

MATERIALASPECT:NON-DISCRIMINATIONG4-DMA HumanCapital Fully

disclosed 57-61 *

G4-HR3 Noinstancesofdiscriminationwerefound

Fullydisclosed

57-61andonline

*

MATERIALASPECT:FREEDOMOFASSOCIATIONANDCOLLECTIVEBARGAININGG4-DMA HumanCapital Not

disclosedTheinformationiscurrentlyunavailable

*

G4-HR4 Operationsandsuppliersidentifiedinwhichtherighttoexercisefreedomofassociationandcollectivebargainingmaybeviolatedoratsignificantrisk,andmeasurestakentosupporttheserights

Notdisclosed

Theinformationiscurrentlyunavailable

*

SUB-CATEGORY:SOCIETY

MATERIALASPECT:LOCALCOMMUNITIESG4-DMA Ourmandateand

strategicpillars,SatisfyingCustomers,InvestinginCommunities

Fullydisclosed

6,13,17,48-49 *

G4-FS13 Accesspointsinlowpopulatedoreconomicallydisadvantagedareasbytype

Fullydisclosed

7

*

MATERIALASPECT:ANTI-CORRUPTIONG4-DMA Mitigatingkeyrisks,

Materialissues,Governance

Fullydisclosed

10-12andonline

*

G4-SO3 Totalnumberandpercentageofoperationsassessedforrisksrelatedtocorruptionandthesignificantrisksidentified

Partiallydisclosed

Theinformationissubjecttospecificconfidentialityconstraints

61-63

yes

G4-SO4 Communicationandtrainingonanti-corruptionpoliciesandprocedures

Fullydisclosed

64andonline yes

MATERIALASPECT:COMPLIANCEG4-DMA Governance-

Compliancewithrelevantlawsandregulations

Fullydisclosed

66-67

*

G4-SO8 Monetaryvalueofsignificantfinesandtotalnumberofnon-monetarysanctionsfornon-compliancewithlawsandregulations

Fullydisclosed

Therewerenocontraventions,penalties,sanctionsorfinesimposedontheIDCduetonon-compliancewithregulatoryrequirements

*

SUB-CATEGORY:PRODUCTRESPONSIBILITYMATERIALASPECT:PRODUCTANDSERVICELABELINGG4-DMA Ourmainbusinessand

fundingactivities,satisfyingCustomers

Fullydisclosed

6,8-9,13 *

G4-PR5 Customersatisfactionsurveyresults

Fullydisclosed

17andonline *

MATERIALASPECT:PRODUCTPORTFOLIOG4-DMA IDC'smandate,

Strategicpillars,Fundingmodel,Operationalstructure,StrategicBusinessUnits,Investingincommunities,Corporategovernance

Fullydisclosed

6,8-9,13-14,15,26-47,48-49,51-57

*

G4-FS7 Monetaryvalueofproductsandservicesdesignedtodeliveraspecificsocialbenefitforeachbusinesslinebrokendownbypurpose

Fullydisclosed

6,8-9andonlinesectiononspecialfunds

*

G4-FS8 Monetaryvalueofproductsandservicesdesignedtodeliveranenvironmentalbenefitforeachbusinesslinebrokendownbypurpose

Fullydisclosed

6,8-9andonlinesectiononspecialfunds

*

MATERIALASPECT:CUSTOMERPRIVACYG4-DMA SatisfyingCustomers Partially

disclosedTheinformationiscurrentlyunavailable

ITsystemsarebeingimplementedfortheprotectionofpersonalinformation

17andonline

*

G4-PR8 Totalnumberofsubstantiatedcomplaintsregardingbreachesofcustomerprivacyandlossesofcustomerdata

Notdisclosed

Theinformationiscurrentlyunavailable

Processestoregistercustomercomplaintsbeingimplemented

*

MATERIALASPECT:ACTIVEOWNERSHIPG4-FS10 Percentageand

numberofcompaniesheldintheinstitution'sportfoliowithwhichthereportingorganizationhasinteractedonenvironmentalorsocialissues

Fullydisclosed

AlltransactionsforthisfinancialyearandapercentageofourexistingclientsweremonitoredforEHSperformance

61-62andonline-GRIAspectscanbefoundintheGRIchecklistinthe

*

onlinesection

G4-FS11 Percentageofassetssubjecttopositiveandnegativeenvironmentalandsocialscreening

Partiallydisclosed

Theinformationiscurrentlyunavailable

Onlyhighriskclientsarecurrentlyassessed

61-62andonline

*

MATERIALASPECT:COMPLIANCEG4-DMA Governance Fully

disclosed 51-57

*

G4-PR9 Monetaryvalueofsignificantfinesandtotalnumberofnon-monetarysanctionsfornon-compliancewithlawsandregulationsconcerningtheprovisionanduseofproductsandservices

Fullydisclosed

Therewerenocontraventions,penalties,sanctionsorfinesimposedontheIDCduetonon-compliancewithregulatoryrequirements

51-57

*

*Indicatornotexternallyassuredornoexternalassurancerequired.