State-owned company swings into a R4.6 billion loss

• The IDC recorded a loss of approximately R4.6 billion in the 2026 financial year, largely due to the performance of its subsidiaries.
• The company's subsidiaries, including Foskor, struggled with financial difficulties, including a dependence on other companies for operations and a decline in sales.
• The IDC's loss is expected to have implications for the company's ability to achieve its targets for job creation and industrial sector support, and may lead to further restructuring efforts.