Global Trade Alert
Global Trade Alert

South Africa: IDC provides financing to Massmart Management & Finance Co (Pty) Ltd

Announcement

12 Nov 2021

In November 2021, the Industrial Development Corporation of South Africa (IDC) provided a ZAR 270 million (USD 17.6 million) loan to Massmart Management & Finance Co (Pty) Ltd.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Nov 2021

Revocation date:

No revocation date

Updated: 12 Nov 2021
State loan In force

On 12 November 2021, the Industrial Development Corporation of South Africa (IDC) provided a ZAR 270 million (USD 17.6 million) loan to Massmart Management & Finance Co (Pty) Ltd. This information ...

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