IDC invests R19,1m in forestry and wood product incubator

November 29, 2005

The Industrial Development Corporation (IDC) announced yesterday that through its risk capital facility has invested R19,1-million in the Fukamela Forestry and Wood Product Incubator, a wholly black-owned and managed incubator that supports the development of new and existing entrepreneurs in the forestry and agriprocessing sectors...

The risk capital facility was established in 2002 in response to the €54,9-million granted by the European Union (EU) to the South African government.

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