The local chemicals industry plays a significant role to the country’s economy, contributing in the region of 5% to GDP and 25% of South Africa’s overall manufacturing sales. The sector-is a source of employment providing a livelihood to a large section of SA’s population.
Against this background, IDC’s Basic and speciality chemicals strategic business unit, aims to develop both the local and regional upstream basic and speciality chemicals value chain. Accordingly, the unit offers finance, business support and continued engagement with industry stakeholders where relevant including a range of entities in this space.
The unit provides funding towards development of projects that seek to expand local production capabilities, replace imports, and enhance industry competitiveness, with the ultimate goal of lowering the cost to downstream consumers as well as overcoming supply challenges. The unit also invests in new chemical value chains, particularly those that give the industry a competitive edge.
Download brochure: Basic and Speciality Chemicals