Cash-flow, budgets, slips, invoices, quotes, vouchers,… were our daily concern. And now will be yours too!!

We started the day by looking at the internal controls to help us align objectives and understand the importance of good financial management. It also facilitated discussions around the financial activities of IY which led us to draw up our branch specific budgets for 2011.

Our financial director, Blou Leask, equiped the team with strategies on tracking our inflows and outflows by helping us to understand the recording process. This latter ensures proper financial reporting that helps us to minimise errors and have a clear communication with our partners, funders, and members.


Delegation of Authority

Delegation of Authority

The Board delegates authority to the Executive and Financial Directors for the day-to-day running of the organisation at a National level. They then delegate authority to Branch Directors and BranchCom at a Branch level for certain decisions/activities such as:

 – Banking/signatories


 – Authorising specific expenses

 – Handling incoming cash and cheques

 – Access to petty cash

 – Checking and authorising accounting records

 – Signing legal undertakings (eg Memorandums of Understanding – MoU)


We are now ready to take the bull by its horns and deliver what is due to our learners in financial transparency!



Nombu & Nico

Lloyd Lungu

031 909 3590
2525 Ngcede Grove, Umlazi AA Library, 4031

Lloyd is a self-disciplined and highly goal-driven Industrial Psychology Honours graduate. He is currently a Master's candidate completing his second year of M.Com in Industrial Psychology at the University of the Free State. Lloyd joined IkamvaYouth as a learner in 2012, after matriculating he came back and volunteered as a tutor for the duration of his undergraduate studies at UKZN. He later worked as an Intern in the Chesterville branch. His passion for youth empowerment and inclusion has grown enormously through his time and experience gained within IkamvaYouth and has inspired him to provide career guidance to young township people. He is currently working at the Umlazi Branch as a Branch Assistant.