Johannesburg - The Industrial Development Corporation (IDC) is in talks with China for a loan to invest in sectors such as infrastructure development and health, chief executive Geoffrey Qhena said on Friday.
Qhena also told Reuters on the sidelines of a conference on infrastructure development that the IDC, a state investment agency, had arranged another loan with the Public Investment Corporation (PIC), the government workers’ pension fund.
The IDC aims to invest more than R100bn over the next five years, mainly in state-owned utilities such as Eskom and Transnet, Qhena said.
“We’ve concluded with the PIC a facility,” Qhena said, declining to reveal the amount. “We are also concluding something with China, which we will announce in due course.”