The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament . The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods.IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. It has stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles.