IDC: Prioritising Development Impact

Author :

Dr Thabang Mokoaleli-Mokoteli & Chijioke Oji

Pages :

25

Product Type :

Case

Reference # :

WBS-2012-10

Teaching Note :

not available

Institute:

Wits Business School - University of the Witwatersrand

Setting:

South Africa

Year:

2012

Keywords:

Finance, Development finance, Strategy

Summary/Abstract:

As Geoffrey Qhena, chief executive officer (CEO) of the Industrial Development Corporation (IDC), sat in his office at the organisation’s headquarters in Johannesburg, reviewing details of the recently published annual report in preparation for a meeting with the board, he reflected on the state of the organisation he had led since 2005. Now it was October 2012 and, under his leadership, the performance of the organisation was generally lauded as impressive. Qhena wanted more, intending to grow the development impact of the IDC by increasing its minimum loans from R1 million to R5 million in 2013. He wondered how best to achieve this in the current environment of economic uncertainty.