Richards Bay Industrial Development Zone

Contact details

Physical: Captains Walk Building, Tuzi Gazi Waterfront, Pioneer Road, Richards Bay
Postal: Private Bag X1005, Richards Bay, 3900
Tel: 035 788 0571
Fax: 035 788 0578
Web: www.rbidz.co.za
Email: info@rbidz.co.za

Overview

The mission of the Richards Bay Industrial Development Zone (RBIDZ) is to provide a conducive environment that attracts appropriate investment for sustainable economic development. The Zone's strategic goals are to promote good governance and ensure legislative compliance; establish a world-class IDZ infrastructure; establish a sustainable IDZ; and attract fixed investment in export-orientated manufacturing and services industries.

The purpose of proclaiming the RBIDZ was to facilitate the creation of an industrial complex having strategic economic advantage; provide the location for the establishment of strategic investments; enable the exploitation of resource-intensive industries; take advantage of existing industrial capacity, and promote integration with local industry and value-added production; create employment and other economic and social benefits in the region in which it is located; be consistent with any applicable national policies and laws, as determined by appropriate environmental, economic and technical analyses; develop and operate an IDZ in the area designated in the operator permit; provide quality services infrastructure to attract internationally competitive, export-orientated manufacturing businesses; take ownership of the assets and affairs of the Zone and be responsible for ongoing management and maintenance thereof; establish a one-stop service centre and provide commensurate human resources capacity, expertise and suitable technologies; make arrangements for and mobilise requisite resources for the development of the Zone; and operate in a manner that recognises that the shareholder is prioritising development, socio-economic improvement and long-term sustainability, rather than financial profit.

Office Bearers

Chairperson:
Mr Mel Clark (Human Resources and Remuneration Committee; and Audit and Risk Committee)
Board Members:
Ms Tina Eboka (Infrastructure Committee)
Mr Zola Fihlani (Audit and Risk Committee)
Mr Andile Mahlalutye (Social and Ethics Committee)
Mr Sibusiso Makhanya (Social and Ethics Committee)
Mr Elphas Mbatha (HR and Remuneration Committee, and Social and Ethics Committee)
Ms Joy Ndlovu (Audit and Risk Committee)
Ms Mbali Ndlovu (HR and Remuneration Committee)
Ms Nozipho Sithole (Infrastructure Committee)
CEO:
Mr Pumi Motsoahae
CFO:
Mr Mzamo Khuzwayo
Senior Management:
Mr Keith Harvey (Legal/Company Secretary)
Mr Joe Muller (Executive Manager: Infrastructure, Planning and Development)
Ms Zanele Zeka (Executive Manager: Office of the CEO)
Ms Nonhlanhla MC Zulu (Executive Manager: Corporate Services)
Communications Officers:
Mr Sihle Ngcamu (Executive Manager: Business Development and Marketing)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEn/aFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assets541 404427 225520 182454 880
Non-Current Assets66 352207209218
Total Assets607 756427 433520 391455 098
Current Liabilities456 244276 610369 186303 133
Non-Current Liabilities345--
Total Liabilities456 278276 615369 186303 133
Total Net Assets151 478150 818151 205151 965
 
FINANCIAL PERFORMANCE
Total Revenue53 85950 74629 92231 169
Revenue from Exchange Transactions17 56110 62616189
Revenue from Non-Exchange Transactions36 29840 12029 76131 080
Total Expenditure(53 197)(50 745)(39 309)(39 066)
Employee Related costsn/a(24 170)(18 011)(19 922)
Surplus/(Deficit) for Year661(388)(760)765
 
CASH FLOW
Net Cash Flows from Operating Activities63 574(15 944)(1 396)15 990
Net Cash Flows from Investing Activities(102 021)(176 257)(92 195)(91 380)
Cash & Cash Equivalents at End of Year538 080353 539461 176394 947
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure--164192
Fruitless & Wasteful Expenditure----
 
HUMAN RESOURCES
Posts Approved47353636
Posts Filled28292626
 
SourcesAnnual ReportAnnual ReportAnnual ReportAnnual Report
NoteNot audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.

Annual Reports


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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