The IDC has approved R14,4 billion of funding in the Foundry and/or mini mill industry since FY 2010, in the following forms: industrial loans of R5,99 billion, equity of R8,44 billion and grants of R4m.
In addition, the IDC provided guarantees of R5,5 billion to companies in the sector.
A supplementary reply will be submitted shortly, with additional information.
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