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Industrial Development Corporation

South African national development finance institution established in 1940 and wholly owned by the national government.

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The Industrial Development Corporation is South Africa’s national development finance institution. It was established in 1940 and is wholly government owned. [3]

History

The IDC participated in the interim committee that received Anglovaal’s Sasol licence and coal rights during the company formation process. [1]

At 30 June 2026, Konoil, an IDC vehicle, was the beneficial owner of 8.22% of Sasol’s issued securities. [2]

Frequently asked questions

Who owns the IDC?

The IDC states that it is wholly owned by the South African Government. [3]

Does the IDC own Sasol?

Konoil, an IDC vehicle, beneficially held 8.22% at 30 June 2026. That was not majority ownership. [2]

Key milestones

  1. Established under the Industrial Development Corporation Act. [3]

  2. Participated in the interim structure that preceded Sasol’s establishment. [1]

  3. Konoil held 8.22% of Sasol’s issued securities as beneficial owner. [2]

Related articles

Related institutions

  • Sasol — Sasol is a listed South African energy and chemicals group built from a state-backed synthetic-fuels project established in 1950.
  • Anglovaal — Historical South African mining and industrial group that developed the oil-from-coal licence proposal which preceded Sasol.

Sources

  1. Sasol, Celebrating our heritage. Original source. Accessed 2026-10-24. ↩
  2. Sasol, Annual Financial Statements for the year ended 30 June 2026, 2026-09-01. Original source. Accessed 2026-10-24. ↩
  3. Industrial Development Corporation, About us. Original source. Accessed 2026-10-24. ↩