Eastern Cape Development Corporation (ECDC)

Contact details

Physical: Ocean Terrace Park, Moore Street, Quigney, East London
Postal: PO Box 11197, Southernwood, East London, 5213
Tel: 043 704 5600
Fax: 043 704 5700
Web: www.ecdc.co.za
Email: info@ecdc.co.za

Overview

The mission of the Eastern Cape Development Corporation (ECDC) is to promote sustainable economic development in the Eastern Cape through focused provision of innovative development finance and leveraging of resources, strategic alliances, investment and partnerships.

The ECDC Act preamble states that the corporation will plan, finance, coordinate, market, promote and implement development of the province and its people in the fields of industry, commerce, agriculture, transport and finance.

As defined in the shareholder's compact entered into by the ECDC Board and the MEC for the Department of Economic Development, Environmental Affairs and Tourism (DEDEAT), ECDC's strategy focuses on it becoming a viable development finance corporation for the promotion of economic growth in the Eastern Cape by stimulating economic activity through focused investment in vital sectors of the Eastern Cape economy; investing in intellectual leadership; optimising all resources to maximise investment returns and attain financial sustainability; building a strong brand; and establishing integrated partnerships with stakeholders to ensure maximum leverage of resources and development outcomes.

Office Bearers

Chairperson:
Mr Nhlanganiso Dladla
Board Members:
Ms Pamela Bosman
Mr Malusi Damane
Mr Ndzondelelo Dlulane (CEO)
Mr Loyiso Jiya
Mr Mzuvukile Maqethuka
Ms Bulelwa Nqadolo
Mr Sandile Sentwa (CFO)
Mr Mathobela Sishuba
Ms Nandi Siwahla-Madiba
Mr Simphiwe Thobela
CEO:
Mr Ndzondelelo Dlulane
CFO:
Mr Sandile Sentwa
Senior Management:
Mr John Cerff (Executive Manager: Infrastructure Projects)
Ndzondelelo Dlulane (Executive Manager: Operations)
Mxolisi Lindie (Chief Economist)
Nosipho Ngewu (Executive Manager: Corporate Services)
Communications Officers:
Ikhona Mvaphantsi (Acting Senior Manager: Marketing, Communication and Stakeholder Relations)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedQualifiedQualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a413 458729 806495 666
Non-Current Assetsn/a1 147 2492 715 1202 348 807
Total Assetsn/a1 564 9523 459 0212 860 952
Current Liabilitiesn/a203 256570 613317 213
Non-Current Liabilitiesn/a85 7111 576 4391 485 950
Total Liabilitiesn/a288 9672 147 0521 803 163
Total Net Assetsn/a1 275 9851 311 9691 057 789
 
FINANCIAL PERFORMANCE
Total Revenuen/a574 019620 438616 630
Revenue from Exchange Transactionsn/a357 816396 535267 669
Revenue from Non-Exchange Transactionsn/a216 203223 903348 961
Total Expendituren/a(445 785)(372 936)(524 475)
Employee Related costsn/a(120 636)(184 812)(155 356)
Surplus/(Deficit) for Yearn/a128 234247 50292 155
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(218 025)236 971(151 417)
Net Cash Flows from Investing Activitiesn/a33 7427 899(205 989)
Cash & Cash Equivalents at End of Yearn/a301 270606 486391 147
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a33 38950 8794 273
Fruitless & Wasteful Expendituren/a-624283
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/a165164n/a
 
Sources n/a Annual ReportAnnual ReportAnnual Report


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@provincialgovernment.co.za so that we can correct them.
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