South Africa

IDC earmarks a role in SA’s recovery plan

The Industrial Development Corporation (IDC) sees an expanded role for itself in various areas of SA’s economic reconstruction and recovery plan, despite its most recent annual losses.

A troubled economy, the early stages of the Covid-19 onslaught and severe volatility in its investment portfolio, notably petrochemicals giant Sasol, were among the “never seen before” events that led to a plunge in the performance of the development financier, its CEO Tshokolo Nchocho said at a briefing on the release of its latest annual results.

Football news:

Neuer - best goaltender in 2020, Alisson-2nd, Oblak-3rd (ESPN)
Liverpool are Interested in 21-year-old Leipzig defender Konate
Niko Kovac: I'm Waiting for Golovin to return. But it might be better to wait another week or two
Suarez's Italian language examiners were suspended for 8 months. An investigation is underway against the Director of Juve Paratici
Zinedine Zidane: I Never felt untouchable at Real Madrid. Criticism is normal
Marca made a Grand Declaration of love to Ramos. On the front page-100 reasons to extend Sergio's contract with Real Madrid
Manchester United can invite Tuchel. The coach of PSG is Interested