https://newsletter.en.creamermedia.com
Energy|Industrial|Infrastructure|Manufacturing|Projects|Renewable-Energy|Infrastructure
Energy|Industrial|Infrastructure|Manufacturing|Projects|Renewable-Energy|Infrastructure
energy|industrial|infrastructure|manufacturing|projects|renewable-energy-company|infrastructure

IDC and PIC agree to explore investment opportunities

IDC CEO Mmakgoshi Lekhethe and PIC CEO Patrick Dlamin at the singing of the MoU

IDC CEO Mmakgoshi Lekhethe and PIC CEO Patrick Dlamini at the signing of the MoU

3rd November 2025

By: Creamer Media Reporter

     

Font size: - +

The Industrial Development Corporation (IDC) and the Public Investment Corporation (PIC) have signed a new memorandum of understanding under which the two State institutions will explore co-investment prospects.

A previous partnership framework, which expired in December 2017, culminated in the conclusion of the PIC Green Bond and the UIF Fund 2.

The two entities are already in discussion on the potential for a UIF Fund 3 to fund job-rich projects in the sectors supported by the IDC and PIC, which has R3.5-trillion in assets under management.

IDC CEO Mmakgoshi Lekhethe said the development financier’s past collaboration with the PIC helped it to invest in renewable-energy projects, while also creating and saving jobs through the UIF Fund.

PIC CEO Patrick Dlamini said that, through the new partnership, the PIC aimed to support the reindustrialisation of the South African economy and catalyse new and emerging industries such as green hydrogen, critical minerals, the electric vehicle value chain and infrastructure, advanced manufacturing, e-commerce, and high-value agriculture and agro-processing.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest News

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (21/11/2025)
21st November 2025 By: Martin Creamer
Magazine Cover Image
Magazine round up | 21 November 2025
21st November 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.221 0.324s - 204pq - 2rq
Subscribe Now