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/Management

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'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedQualifiedQualified
 
FINANCIAL POSITION
Current Assetsn/a348 760416 755729 806
Non-Current Assetsn/a1 266 6561 128 3582 715 120
Total Assetsn/a1 624 4011 549 3583 459 021
Current Liabilitiesn/a213 292203 893570 613
Non-Current Liabilitiesn/a36 09685 7111 576 439
Total Liabilitiesn/a249 388289 6042 147 052
Total Net Assetsn/a1 375 0131 259 7541 311 969
 
FINANCIAL PERFORMANCE
Total Revenuen/a529 399570 160620 438
Revenue from Exchange Transactionsn/a354 129334 479396 535
Revenue from Non-Exchange Transactionsn/a175 270235 681223 903
Total Expendituren/a(478 511)(470 202)(372 936)
Employee Related costsn/a(123 076)(120 636)(184 812)
Surplus/(Deficit) for Yearn/a50 88899 958247 502
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(64 027)(222 116)236 971
Net Cash Flows from Investing Activitiesn/a34 59637 6187 899
Cash & Cash Equivalents at End of Yearn/a270 735301 274606 486
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a26 19433 38950 879
Fruitless & Wasteful Expendituren/a--624
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/an/a165164
 
Sources n/a Annual ReportAnnual ReportAnnual 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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