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IDC Impairments - Codera Analytics

IDC Impairments

In its 2023 annual results, South Africa’s Industrial Developmental Corporation (IDC) reported an Impairment ratio of over 35% and a non-performing loan ratio of almost 28% (and an IFRS stage 3 non-performing loan ratio of 35%, down from 52% in 2022). By way of comparison, the overall banking system’s impairment ratio for households and firms is around 5%.