Free State Development Corporation (FDC)

Contact details

Physical: 33 Kellner Street, Cnr Markgraaf Street, Westdene, Bloemfontein, 9301
Postal: PO Box 989, Bloemfontein, 9300
Tel: 051 400 0800/0810
Web: www.fdc.co.za
Email: info@fdc.co.za

Overview

The mandate of the Free State Development Corporation (FDC) is to provide financial and business support services to SMMEs and cooperatives, develop and manage properties, as well as to facilitate and promote investments and exports.

Office Bearers

Chairperson:
Ms HB Mayeza
Deputy Chairperson:
Ms ND Mochochoko
Board Members:
Mr PBM Chuene
Mr V Maharaj
Ms HN Mkhungo
Mr I Osman (CEO)
Mr LL Phungo
Ms TN Sandlana
CEO:
Mr I Osman
CFO:
Mr S Moyo
Senior Management:
n/a
Communications Officers:
HN Morolong (Acting Manager: Marketing and Communications)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedQualified
 
FINANCIAL POSITION
Current Assetsn/a151 255219 928239 370
Non-Current Assetsn/a734 609685 901678 936
Total Assetsn/a885 865805 829918 476
Current Liabilitiesn/a190 210190 342113 174
Non-Current Liabilitiesn/a44 86144 01436 713
Total Liabilitiesn/a235 072234 356149 887
Total Net Assetsn/a650 793571 473768 589
 
FINANCIAL PERFORMANCE
Total Revenuen/a264 846244 099308 198
Revenue from Exchange Transactionsn/a237 281224 323270 455
Revenue from Non-Exchange Transactionsn/a27 56519 77637 743
Total Expendituren/a(282 481)(342 648)(241 911)
Employee Related costsn/a(66 202)(73 749)(70 050)
Surplus/(Deficit) for Yearn/a(17 635)(98 548)66 286
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(44 773)20 421(4 911)
Net Cash Flows from Investing Activitiesn/a(12 037)8 48328 197
Cash & Cash Equivalents at End of Yearn/a31 62694 28766 116
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a3 36334 73125 379
Fruitless & Wasteful Expendituren/a-491 158
 
HUMAN RESOURCES
Posts Approvedn/a117133135
Posts Filledn/a110130134
 
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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