Release date: 17 September 2008
Promoter – Financial Intermediary
Industrial Development Corporation of South Africa (IDC)
Location
Description
Line of credit for on-lending to private sector small and medium sized South African companies.
Objectives
Improve the availability of long-term funding in order to help the SMEs to develop and expand their operations, and hence create employment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 60 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with both national standards and international recommendations in the field of environment and the protection of nature conservation sites, as appropriate.
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with the Bank’s procurement guidelines, as appropriate.
Status
Signed - 8/05/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).