The Industrial Development Corporation (IDC) of South Africa Limited was established in 1940 under the Industrial Development Corporation Act, 22 of 1940, as a government-owned entity. The IDC operates in alignment with national policy directives outlined in key documents such as the National Development Plan (NDP), Industrial Policy Action Plan (IPAP), and various industry Master Plans.
The primary mission of the IDC is to maximise its impact on development by promoting job-intensive industrialisation. It also seeks to contribute to an inclusive economy by providing funding to black-owned and empowered businesses, black industrialists, enterprises led by women and youth and other empowered entities.
In addition to fulfilling its developmental role, the IDC is committed to ensuring its own long-term sustainability. This involves responsible management of financial and human resources, environmental stewardship and positioning itself as a leading institution for development finance.
The IDC (Industrial Development Corporation) Bursary is available to financially disadvantaged South African citizens who are currently unemployed. This bursary opportunity is open to those who are pursuing or planning to pursue full-time studies in Science, Technology, Engineering, Mathematics (STEM), which also includes Accounting/Financial Studies and Law.
Requirements and eligibility
South African recently certified ID document
2023 mid-year (first semester) results or latest results if not studying this year.
Matric certificate if completed Matric.
Proof of parents’ or guardians’ household income:
latest pay slip if employed.
affidavit if unemployed stating annual income
3 months’ bank statement if self-employed
SASSA Letter stating the grants received if applicable.
Parent(s) death certificates if parent(s) are deceased.
Divorce certificate if parents are divorced OR sworn statement from the one parent if parents are
How to apply
Applications must be completed online, and applicants should submit clear copies of all required supporting documents and complete the interview questionnaire.
NB: To apply for the IDC External Bursary, click here or visit the IDC Website: www.idc.co.za – select About IDC, then select Bursaries. Successful applicants will be notified via email.
Please report fraud or corruption at the IDC Hotline (0800 303 336), email (firstname.lastname@example.org), or SMS (39640).
The following must be submitted with a completed application form:
ID document (certified copy)
Grade 11 final results, if currently in Matric (certified copy)
Matric mid-year results, if currently in Matric (certified copy)
Matric certificate, if completed Matric (certified copy)
Full tertiary academic record, if currently at tertiary level (certified copy)
Proof of Registration/ provisional admission
Parents/ guardians proof of income (latest payslips if employed/ sworn affidavit or financial statements if self-employed/ sworn affidavit or death certificate if deceased/ divorce certificate if divorced/ sworn statement if separated) (certified copies)