COEGA Development Corporation

Contact details

Physical: Cnr Alcyon Road & Zibuko Street, Zone 1, Coega IDZ, Port Elizabeth, 6100
Postal: Private Bag X6009, Port Elizabeth, 6000
Tel: 041 403 0400
Fax: 041 403 0401
Web: www.coega.com
Email: contact.centre@coega.co.za

Overview

The mission of the COEGA Development Corporation (CDC) is to provide a competitive investment location supported by value added business services that ultimately enable socio-economic development. The Entity is mandated to develop and operate the Coega Industrial Development Zone (IDZ), which is located adjacent to the modern deep-water port facility, Port of Ngqura, developed and owned by Transnet National Ports Authority. The CDC attracts investors from all over the world and in different business sectors through investment promotion as well as Foreign Direct Investment (FDI).

The Entity's product offering and business focus includes a 256 Nelson Mandela Bay Logistics Park (NMBLP), as well as a range of management services. NMBLP is an automotive supplier park that provides turnkey solutions, particularly for automotive and automotive-related component suppliers and logistics companies. The management services of the CDC include project management services for infrastructure development projects, human capital development and management, as well as strategic business solutions.

Office Bearers

Chairperson:
Dr Paul Jourdan (Acting Chairperson and Member: Human Resources and Remuneration Committee)
Board Members:
Mr Jan de Bruyn (Audit and Finance Committee and Human Resources and Remuneration Committee)
Dr Sybert Liebenberg (Audit and Finance Committee)
Ms Babalwa Lobishe
Mr Pumelele Ndoni
Adv Thandi Norman
Mr Mninawe Pepi Silinga (CEO)
Mr Sipho Zikode
CEO:
Thando Gwintsa (Wild Coast SEZ)
CFO:
Mr Lionel Billings (Acting)
Senior Management:
Mr Themba Koza (Cape Town Programme)
Mr David Lefutso (Operations)
Mr Christopher Mashigo (Business Development)
Mr Chuma Mbande (Business Development - External Services)
Mr Bonginkosi Mthembu (Corporate Services)
Mr Fezile Ndema (Company Secretary)
Mr Riccardo Temmers (Acting: Centre of Excellence)
Mr Hennie van der Kolf (Cost Engineering)
Communications Officers:
Mr Monde Mawasha (Programme Director: IRS, Research and Strategy)
Dr Ayanda Vilakazi (Head: Marketing and Communications)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assetsn/a645 138551 125459 780
Non-Current Assetsn/a4 970 3314 794 0034 368 224
Total Assetsn/a5 615 4705 345 1274 828 005
Current Liabilitiesn/a504 162460 122326 660
Non-Current Liabilitiesn/a718 989495 582520 360
Total Liabilitiesn/a1 223 151955 705847 020
Total Net Assetsn/a4 392 3194 389 4223 980 985
 
FINANCIAL PERFORMANCE
Total Revenuen/a611 246842 061706 119
Revenue from Exchange Transactionsn/a482 543490 485314 488
Revenue from Non-Exchange Transactionsn/a128 703351 576391 362
Total Expendituren/a(608 350)(747 837)(530 957)
Employee Related costsn/a(227 716)(207 825)(162 674)
Surplus/(Deficit) for Yearn/a2 896408 438452 575
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(28 073)(305 267)(137 492)
Net Cash Flows from Investing Activitiesn/a(167 881)(532 768)(169 551)
Cash & Cash Equivalents at End of Yearn/a504 769375 602345 172
 
UIFW EXPENDITURE
Unauthorised Expendituren/an/a--
Irregular Expendituren/an/a--
Fruitless & Wasteful Expendituren/an/a--
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/a564390312
 
Sources n/a Annual ReportAnnual ReportAnnual Report
NoteNot audited by AGSA. Independent Audit Report.


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