Out of business: Apiwe Nxusani-Mawela of Brewsters Craft, an
agro-processing and beverage manufacturing company that shut down
after the Covid-19 pandemic. Photo: Supplied
Amid growing calls for an inquiry into the Industrial Development Corporation (IDC), entrepreneurs in distress are speaking about their experiences with the state-owned lender.
The push follows appeals by theNational African Federated Chamber of Commerce and Industry (Nafcoc) and opposition parties for scrutiny of the IDC’s lending practices, after several black-owned companies faced liquidation over loan repayments.
Challenging the IDC’s rationale…