Global Trade Alert
Global Trade Alert

South Africa: IDC provides financing to VM Automotive (Pty) Ltd

Announcement

06 Sep 2021

In September 2021, the Industrial Development Corporation of South Africa (IDC) provided a ZAR 207.5 million (USD 14.6 million) loan to VM Automotive (Pty) Ltd. 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

06 Sep 2021

Revocation date:

No revocation date

Updated: 06 Sep 2021
State loan In force

On 6 September 2021, the Industrial Development Corporation of South Africa (IDC) provided a ZAR 207.5 million (USD 14.6 million) loan to VM Automotive (Pty) Ltd. This information was made availabl...

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