IFC - IFCA Technologies Limited - Changes to the board of directors

IFC - IFCA Technologies Limited - Changes to the board of directors             
IFCA TECHNOLOGIES LIMITED                                                       
Incorporated in the Republic of South Africa)                                   
(Registration number 2006/030759/06)                                            
Share code: IFC     ISIN: ZAE000088555                                          
("IFCA Tech" or "the company")                                                  
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with section 3.59 of the Listings Requirements of the JSE Limited,
the board of directors of IFCA is pleased to announce the appointments of Messrs
Zacharias Johannes van Niekerk and Mark Palmer as independent non-executive     
directors with immediate effect.                                                
Zacharias ("Sagie") Johannes van Niekerk                                        
Sagie holds a B Com in Business Economics from the North West University and a  
Masters in Business Leadership from UNISA. He has considerable experience in    
business re-engineering, capital raising and the structuring of companies and in
the structuring and management of investment portfolios for medium sized and    
listed entities, the use of structured investment products in funding structures
and in risk and succession planning                                             
Mark Palmer                                                                     
Mark holds a B Com and has also obtained an MBA from Edinburgh University       
Business School as well as various Diplomas in Strategy and Systems Thinking.   
He has a strong history of entrepreneurship, having being involved in 31        
property development projects between 1984 and 1995 before relocating overseas, 
where he acted as a consultant to the NHS in South & Greater London and to      
Integrated Healthcare in the Southern USA.  On his return to South Africa in    
1998, Mark acquired and managed a commercial interiors company and in July 2001,
established Group Indigo Consulting, a training and consulting company          
specialising in Public Sector Financial training, valuation modelling and asset 
based finance services for various banks and financing institutions and finance 
and insurance training to various motoring corporations.  Mark remains the CEO  
of Group Indigo Investments and is also the CEO of Altius Waste Management (Pty)
Ltd, an environmental and waste management consulting company.                  
Johannesburg                                                                    
14 January 2011                                                                 
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 14/01/2011 15:15:01 Supplied by www.sharenet.co.za                     
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