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

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mail-guardianMostly Factual2d 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

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Scrutiny Urged for South Africa's IDC Over Governance Failures

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IDC deal must be scrutinised

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