Partnering Impact Catalyst to expand developmental mandate

Early this year, IDC joined the Impact Catalyst, an initiative founded by Anglo American, the CSIR, Exxaro and World Vision to create mechanisms that drive socioeconomic development initiatives through public-private partnerships.

Among other objectives, Impact Catalyst seeks to strengthen relationships with key economic role players from private and public sectors, including local communities, to support key but sustainable economic drivers.

To date, Impact Catalyst’s membership has grown to include reputable global entities, including Anglo American, Exxaro, the Council for Scientific and Industrial Research (CSIR), Limpopo Office of the Premier and World Vision South Africa (WVSA).

Explaining the IDC’S decision to join the Impact Catalyst, IDC Chief Operating Officer (COO) Joanne Bate said that IDC’S objectives, among others, were focused on contributing to the generation of balanced, sustainable economic growth and the economic empowerment of the broader South African population.

“The economic initiatives designed by Impact Catalyst intend to create mechanisms that drive socio-economic development initiatives through partnerships between the private and public sectors. The impact that the collaboration has achieved in Limpopo Province convinced IDC to join and add to the momentum and focus on inclusive development.”

For IDC, partnering with Impact Catalyst will enable the Corporation to add to the excellent partnership Impact Catalyst and the Office of the Premier have done in the Limpopo province.