Release date: 31 July 2018
Promoter – Financial Intermediary
INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LTDLocation
Description
The project consists of a credit facility to IDC for on-lending to private sector limited-scale investments in South Africa.
Objectives
The facility will focus on the financing of small and medium-sized enterprises (SMEs) undertaking projects in South Africa.
Sector(s)
- Credit lines - Credit lines
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 17/12/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).