FUNDING

• The intention of the Private Development Funding Programme (PDFP) is to provide an innovative funding opportunity for utilities to ensure they can provide an all-inclusive, analytical, safe, secure, profitable and sustainable Utility Revenue and Asset Management Protection Service that benefits the Utility, Businesses and equally important improving the quality of life for the Citizens. • Intelligent IoT Solutions is linked with Local SA Funders and will facilitate / coordinate certain processes between the relevant utility and the funders, but all lawful binding agreements will be directly between the funding service provider (Investor) and the relevant utility. • All processes and agreements are strictly according to the following: MFMA (Municipal Financial Management Act 56 of 2003, MSA (Municipal Systems Act 32 of 2000), PPPF (Preferential Procurement Policy Framework Act 5 of 2000), Municipal Structures Act 117 of 1998, the Supply Chain Management Policy of the relevant Municipality / Utility and all other required South African Laws & Legislation. • Projects should be large scale projects at least R500 000 million + to make lasting impacts and to speed up goals and service delivery. • It shall be noted that this funding programme does not replace budgetary allocations of Municipalities or stop any other processes of the Municipality / Utility finding other forms of additional finances. • NO asset transfer to anyone is required. Assets remain under the control of the Utility, the only requirement is a pledge that the assets are going to be maintained within the 5 year funding period to keep the threshold value in tact. No-one reserve any rights to the assets of the Utility. The PFA does not contain any call / claim condition to any asset even if the Utility is in bridge of contract.

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