South Africa===Industrial Development Corporation of South Africa

The South Africa===Industrial Development Corporation of South Africa has made a US$20 million equity investment in Frontier Rare Earths Limited. This investment is crucial for financing the Definitive Feasibility Study of the Zandkopsdrift project, demonstrating support for strategic mineral development in South Africa.

The South Africa===Industrial Development Corporation of South Africa was expected to provide refinancing for Tongaat Hulett's rescue plan. Its inability to conclude binding funding arrangements with New Vision Group contributed to the failure of the rescue plan.

The South Africa===Industrial Development Corporation of South Africa (IDC) is partnering with Soufflet Malt and Heineken N.V.===Heineken Beverages to provide funding for agricultural equipment to emerging farmers. This support includes grant funding and interest-free finance, helping to lower barriers to entry and enable sustainable participation in South Africa's barley supply chain.