IDC, noun

Origin:
Initial letters of Industrial Development Corporation.
A parastatal corporation established in terms of the Industrial Development Act of 1940 for the promotion and financing of the industrial sector. Also attributive.
1968 Post 17 Nov. 7The I.D.C. chairman, Dr. H.J. van Eck, one of the most respected non-political Afrikaners.
1971 Daily Dispatch 21 May 19The remaining R60-million will be loaned by the IDC so that it becomes the IDC’s largest investment in mining.
1978 S. Afr. Panorama Mar. 1On October 1, 1977 the Industrial Development Corporation of South Africa — widely known as the IDC — completed 37 years of promoting industrial development in South Africa. The IDC is the biggest promoter of private enterprise in South Africa.
c1988 S. Afr. 1987–8: Off. Yrbk (Bureau for Info.) 453A number of public corporations are..financed directly by the central government or indirectly through the Industrial Development Corporation (IDC).
1994 D. McCormack Perm Bk of ‘Test the Team’ 167The first loan made by the IDC was for today’s equivalent of R3 000.
A parastatal corporation established in terms of the Industrial Development Act of 1940 for the promotion and financing of the industrial sector. Also attributive.
Entry Navigation

Visualise Quotations

Quotation summary

Senses

19681994

Browse Related Words

By Category

Government and Administration
Manufacturing and Industry

By Usage

acronyms
IDB, nounn.identity, nounn.
Copyright © 2025 Dictionary Unit for South African English