Wits Health Consortium (Pty) Limited was appointed by the Regional Coordinating Mechanism (RCM) as the Principal Recipient (PR) for a Global Fund grant to contribute to the reduction of the tuberculosis burden in the mining sector in 10 Southern African countries.
WHC was selected through a competitive, transparent and documented process.
WHC is a wholly owned Company of the University of Witwatersrand (Johannesburg, South Africa), established under its Faculty of Health Sciences. Whilst WHC is a private company, it has been granted exemption from income taxation under Section 10(1)(cA)(ii) of the South African income taxation Act, this as its activities are ancillary and complimentary to those of its sole shareholder the University, which is also an income tax exempt entity. WHC is a not-for-profit organisation as all surpluses are reinvested in either WHC's or the University's operational and academic infrastructures.
WHC provides Faculty with a legal framework within which to operate the research and other activities necessary to support its academic objectives. In addition WHC offers a range of products and services to the Academics conducting these activities in order to assist with the management thereof.
WHC has extensive experience in managing donor and commercially funded contracts and activities. WHC manages in excess of 300 active contracts and grants each year.
WHC is governed by Board comprising of 12 Directors, of which 4 are independent.
The following Board Sub-Committees are operational:
- Directors Affairs
- Remuneration & Transformation
- Audit & Risk
- Strategy & Investment
- Sustainability & Ethics
- Academic Oversight
WHC also has a Memorandum of Incorporation (MOI); Shareholders compact – provides Board understanding of shareholders mandate and expectations; Levels of authority (signing and contracting levels); Compliance and Regulatory department; internal and external Auditors.
Click here for more on WHC