AEF Decentralised Banking Solutions

completed

Summary Of Project Information (SPI)Project NameSouth Africa - DBS ConsultRegionSub-Saharan AfricaSectorIndustrial and Consumer ServicesProject No009467Projected Board DateDecember 29, 1999Company NameDBS Consult (Proprietary) LtdTechnical Partner and/or Major Shareholders DBS Consult is owned 100% by Global Technology Ltd., a South African company listed on the Johannesburg Stock Exchange.Project Cost Including proposed IFC investment Project Cost is estimated at US$2,042,000. IFC is asked to invest US$1,000,000 in equity.     Location of project and Description of site DBS Consult is located in an office building at Thibault Square, Cape Town.     Description of Company and Purpose of Project DBS Consult owns the rights to two loan administration software programs called eMerge and Solace Retail Banking System (RBS). These programs are targeted at microfinanciers, credit cooperatives, small-scale commercial lenders, building societies and second tier banks. The purpose of the project is to complete the development work which is necessary to merge the two versions of the programs, improve the architecture, add a number of desirable functions (e.g. additional language versions) and to build-up the marketing channels for the products in areas outside South Africa.  Environmental Category and Issues This is a Category C project according to IFC''s environmental review procedure. Because of the nature of the company and its products no further environmental review has been done by IFC.      Date SPI sent to InfoShop October 25, 1999“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384