Highlights in INCA's Short History

• The second issuer in South Africa of corporate bonds;
• An asset swap transaction with Sanlam Investment Managers to the value of R1,37 billion in 1999;
• An asset swap transaction (March 2004) with the Public Investment Commissioners to the value of R530 million;
• Being named the Best Non-Listed Company in South Africa in 2002 (Business Day, Arthur Anderson and Wits Business School Non-Listed Company Award);
• The successful conclusion of five long term global loan facilities from the European Investment Bank to the value of more than R1,0 billion and loans from AFD totalling more than R500 million;
• The creation of a dedicated capacity building grant fund for municipalities in 1998, which contributed to the training of 1,800 municipal officers in General Municipal Accounting Practices, and 950 persons in short-term basic financial skills training and;
• Research on the impact of AIDS/HIV on municipalities as employers and service providers (in conjunction with the Medical Research Council).

Winner of the South Africa Non Listed Company Award for 2001		Overall Winner - Business of the Year Competition 2004 run by the Greater Johannesburg Business Chamber, Sake Beeld and Netstar		Winner in the Large Enterprises category - Business of the Year Competition 2005 run by Greater Johannesburg Business Chamber, Sake Beeld, Die Burger, Volksblad, Netstar and PriceWaterhouseCoopers