# The Industrial Development Corporation has approached the National Treasury for an explicit government guarantee to help attract funding on more generous terms and strengthen its development mandate. The State-owned financier has also engaged the South African Revenue Service about possible tax exemptions similar to those available to the Development Bank of Southern Africa. IDC chief financial officer Isaac Malevu says a guarantee could reduce credit risk and improve the corporation’s credit rating, while supporting funding for strategic industries.
IDC seeks Treasury guarantee to boost development funding