NEF to be incorporated into IDC to guarantee funding for Black Entrepreneurs INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA (“IDC”) REGISTRATION NUMBER: 1940/014201/06 JSE Code: ISIN: IDCG02 ZAG000110164 IDCG03 ZAG000110149 IDCG04 ZAG000121682 IDCG05 ZAG000121716 IDCG06 ZAG000121732 IDCG07 ZAG000131350 IDCG08 ZAG000131368 IDCG09 ZAG000141011 IDCG10 ZAG000141029 IDCG11 ZAG000141037 IDCP04 ZAG000100629 IDCP05 ZAG000103896 IDCP06 ZAG000120395 NEF TO BE INCORPORATED INTO IDC TO GUARANTEE FUNDING FOR BLACK ENTREPRENEURS On Tuesday, 14 February 2017, the Ministers of Trade and Industry and Economic Development approved that the National Empowerment Fund (NEF) will become a wholly owned subsidiary of the IDC. The IDC and NEF have been part of a working team together with the respective Ministries in finalizing the process to merge the NEF into the IDC. The merger will not have an immediate impact on IDC and NEF’s operations and employees. It will promote increased economic empowerment,with specific focus on promoting Black Industrialists. The working team will continue to drive the integration process. Once the process has been finalized, further announcements will be shared. Debt Sponsor: Nedbank Corporate and Investment Bank, a division of Nedbank Limited Date: 16/02/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.