The National Development Plan (NDP) is the blue print for Government’s nation building initiatives. The Medium Term Strategic Framework (MTSF) has 14 outcome measures to assess Government’s contribution to the NDP. Of which outcome 14 is a crosscutting outcome that requires the different government departments and public entities to contribute towards social cohesion and nation building.
Currently, there is no similar vehicle to coordinate private sector contributions to the NDP, social cohesion and nation building. The Nation Building Fund (NBF) will be this vehicle. It will be set up as a private equity fund, which borrows its structure and principles of governance from that of Sovereign Wealth Funds.
Central elements of the NBF:
- The NBF is a private equity fund owned by the citizens of South Africa.
- The nation building contributions of the private sector will be complementary to the public sector interventions of government – it is never the intention of the NBF to ‘crowd out’ the work of government.
- The NBF seeks to place the power of choice in the hands of the South African citizenry, thereby increasing the ability of citizens to keep service providers accountable.
Because of our experience in working in remote and under-served communities, the Bulungula Incubator has been approached to play a central role in the development of the programme plans of the NBF. The initial planning has begun and work is now focused on a nation-wide pilot that will begin with health and education interventions in the early stages of life and the critical ECD phase. The potential for the contribution of the Bulungula Incubator, through this work, to impact on the lives of millions of beneficiaries is significant. For more information have a look at: http://www.nationbuildingfund.co.za/