One IDC board member found to have "conflict of interest"

The Cabinet Office says it has learnt that one of the people appointed to the Board of the Industrial Development Corporation (IDC) has a conflict of interest. 

“It has come to the attention of the Cabinet Office that one of the people appointed to the Board of the IDC has a conflict of interest. 

"This matter will be rectified at the next Cabinet meeting,” read a statement issued on Friday by the Government Communication and Information System (GCIS), on behalf of the Cabinet Spokesperson.

The IDC Board announcement was made in the Cabinet statement of Thursday, 26 June 2025. – SAnews.gov.za