Building Enduring Value.
Investment Corporation of South Africa (ICSA) is a private investment holding company investing in businesses that strengthen industries, create opportunity, and contribute to South Africa's long-term prosperity.
We invest in
South Africa's future.
South Africa's economic future will be shaped by businesses that innovate, create employment, and grow responsibly. ICSA exists to invest in those businesses — taking real shareholding positions, not passive exposure — and support them through disciplined, long-term ownership.
Read Our StoryWe acquire companies.
We become long-term stewards of businesses with the potential to create enduring value.
Building strong sectors.
Creating lasting impact.
Banking & Financial Services
Strengthening South Africa's financial ecosystem through long-term strategic investment.
Transportation & Logistics
Investing in businesses that move people, goods, and economies efficiently.
Real Estate & Construction
Developing spaces and infrastructure that support economic activity and long-term growth.
Energy
Backing energy businesses essential to industrial growth and South Africa's long-term security of supply.
Infrastructure
Investing in the physical and economic infrastructure that underwrites the country's growth.
Five principles.
Every investment.
Before any business becomes part of the ICSA portfolio, it is tested against five principles — our internal decision-making framework, and a public statement of what we stand for.
Strategic
Does it operate in a sector that matters to South Africa's economy?
Sustainable
Can it create value over years, not just deliver a short-term return?
Disciplined
Are we paying a fair price, and does it fit our long-term strategy?
Responsible
Will our ownership strengthen it through good governance?
Enduring
Will this investment still matter in 10, 20, or 30 years?
Investing in communities.
Building a stronger nation.
From Gauteng's financial core to the ports of KwaZulu-Natal and the Cape, our portfolio companies sit at the centre of the country's economy.
Explore Our Footprint