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Subsidiaries
INCA Bond Rehabilitation Company (IBRC) IBRC
is a 100 per cent subsidiary of INCA and was incorporated in
November 1999.The primary objective of IBRC is the purchase of below investment grade or non-performing municipal debt investments. The value of IBRC’s current portfolio is R62 million. Credit decisions are taken on a group level and not within IBRC. IBRC is governed by a Board of Directors and conforms to all the requirements of the Companies Act. Portfolio Managers wishing to dispose of assets referred to in IBRC's primary objective or anyone who requires further information on the Company can contact: For more information contact: Dirkje du-Pont-Bouma (Managing Director) Telephone: 011 202 2215 E-mail: dirkje.du-pont-bouma@inca.co.za INCA Capacity Building Fund The Capacity Building
Fund was established in 1998 with the main objective to
build capacity and develop skills in the Local
Government Sector. Interventions of the fund is
directed on a Macro level (programmes which span across all
municipalities), Institutional level (engagement of
municipalities on a individual basis), Individual level
(presentation of bursaries to previously disadvantaged Public
Administration Degree/Diploma students) and lastly interventions
on a Community Level (joint programmes with municipalities to
uplift the community).Projects Supported The Funds focus has mainly been on financial training to municipal officers. Sound financial management is regarded as essential for the future viability of municipalities. Pilot projects or case studies which could be replicated if proven successful, are receiving special attention by the Fund. General Accepted Municipal Accounting Practises (GAMAP) The Fund, in partnership with IMFO, successfully launched the GAMAP training initiative in 2002. Phase 3 of this very successful training initiative was launched during 2004. To date 1800 delegates have completed the various training sessions at locations across South Africa. The fund in partnership with DPLG and PWC is in the process of launching a multi million rand GAMAP Conversion Toolkit. Local Government Capacity Building Summer School [ Click Here For Downloadable Presentations ] Student Bursaries / Secondments Several students from previously disadvantaged communities studying towards a qualification in Public Administration and Finance, received bursaries from the fund in the past. In order for these students to obtain practical experience and to possibly secure future employment, some of the students are seconded to municipalities during university recess periods. This exercise proved a huge success and will be repeated in future. HIV/AIDS in Local Government The fund has partnered with the Medical Research Council in South Africa and has launched an extensive research programme in order to develop a toolkit for Local Government, this toolkit will assist municipalities to deal with HIV/AIDS as an employer and service provider and should be launched early in 2006. Community Upliftment Projects The fund is making a concerted effort to invest in projects aimed at empowering and uplifting the community. Both the Radio Community programmes and the Waste Management projects have exceeded expectations, and will be a key focus area for the fund in the future. Latest Sector Related Articles and Project Information For more information contact: Noël Jelliman (Chief Executive Officer) Tel: 011 202 2213 E-mail: noel.jelliman@inca.co.za |
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