Our Funds Portfolio Companies Current Investments

Bloemfontein Correctional Contracts

 
 

Status: ACTIVE

Sector: Social Infrastructure
Funds:

IDEAS Managed Fund

Location: Bloemfontein, South Africa
Website: n/a
 

Summary

The concession contract to design, build, finance and operate Bloemfontein’s Mangaung Maximum Security Prison was awarded to Bloemfontein Correctional Contracts (Pty) Ltd (also known as the Ikwezi Consortium). During its 25-year concession, Bloemfontein Correctional Contracts is fully committed to empowering local communities, including the rehabilitation of inmates to ensure that they can easily integrate back into their communities after release. The Mangaung Correctional Centre has been operational since mid-2001 and houses around 3,000 inmates.