Global Trade Alert
Global Trade Alert

South Africa: Phambili Recycling secures ZAR 434 million in state aid from IDC

Announcement

09 Sep 2022

In September 2022, the Industrial Development Corporation of South Africa (IDC) provided ZAR 434 million (approximately USD 22.90 million) in state aid to Phambili Recycling. 

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Sep 2022

Revocation date:

No revocation date

Announced: 09 Sep 2022
State aid, unspecified In force
On 9 September 2022, the Industrial Development Corporation of South Africa (IDC) provided ZAR 434.89 million (approximately USD 22.95 million) in state aid to Phambili Recycling. The IDC disclosed th...
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