To amend the Industrial Development Act, 1940, so as to adjust the objects of the Industrial Development Corporation of South Africa, Limited to enable the Corporation to assist in the implementation of its shareholders' economic and industrial policies and to expand its activities beyond the borders of the Republic of South Africa for the benefit of the Southern African region specifically and the rest of Africa generally; to provide for the sub-delegation of Board powers in facilitating day to day business of the Corporation; to reprovisions; and to provide for matters connected therewith.