Scrutiny Urged for South Africa's IDC Over Governance Failures

South Africa's Industrial Development Corporation (IDC) faces allegations of corporate governance failures, with calls for scrutiny particularly regarding its investment in the R2.1 billion Club Med Tinley Leisure project.

16 Apr, 22:05 — 16 Apr, 22:05

Post Share

Sources

Showing 1 of 1 sources

mail-guardianMostly Factual119d ago

IDC deal must be scrutinised

Ramaphosa must now turn to the Industrial Development Corporation (IDC), which faces allegations of corporate governance failures similar to the PIC case. The latest concerns are around the IDC’s investment in the R2.1 billion Club Med Tinley Leisure resort deal, a luxury tourism development on KwaZulu-Natal’s north coast

By Library

Read full article →

PERSPECTA

PERSPECTA

Scrutiny Urged for South Africa's IDC Over Governance Failures

Sources

IDC deal must be scrutinised

Related Stories

Oil and Treasury Yields Rise as US Threatens Iran with More Sanctions

Danish Apple Retailer Humac Enters Reconstruction, Temporarily Closes Stores

Hong Kong Raises Economic Growth Forecast After Strong Performance

Greece Clarifies Tax Rules for Gifts, Allowances, and Money Transfers

PERSPECTA