Infrastructure Finance Corporation Limited, trading as INCA, was established in 1996 as a response to the South African government’s call for increased private sector involvement in infrastructure funding. Since its establishment INCA has built itself as a brand that is synonymous with municipal finance. INCA is today the primary private sector investor in socio economic infrastructure in South Africa. As a result of its unique position INCA has become a primary mobiliser of funds for lending to infrastructure providers. The main funding sources it draws on are local and international market funds, raised through a series of INCA bond issues and long-term loans extended to the corporation by international financial institutions. Another source of funding available to INCA is shareholders’ capital. The infrastructure providers to which INCA has already lent funds include municipalities, water boards and other statutory institutions in South Africa whose main business is the establishment of social and economic infrastructure. Because INCA has a singular focus on its core business it is in a unique position to not only understand and price the risks involved in infrastructure lending, but also to attract investor funding. As a result it is spearheading the private sector’s involvement in a vital component of the economic rehabilitation and growth of South Africa's infrastructure debt funding.