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Global Trade Alert

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South Africa: Industrial Development Corporation provides a ZAR 785 million loan to Foskor (Pty) Ltd

Description

On 31 March 2025, the Industrial Development Corporation (IDC) of South Africa announced a "trade finance loan" of ZAR 785.02 million (approximately USD 42.84 million) to Foskor (Pty) Ltd. The IDC did...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Mar 2025

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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