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    Reference: 20180498
    Release date: 31 July 2018

    Promoter – Financial Intermediary

    INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LTD

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    South Africa Credit lines