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/Management

Chairperson:
Ms HB Mayeza
Deputy Chairperson:
Mr PBM Chuene
Board Members:
Mr V Maharaj
Mr I Osman (CEO)
Mr LL Phungo
Ms TN Sandlana
CEO:
Mr I Osman
CFO:
Mr S Moyo
Senior Management:
Mr DSR Nkaiseng (Divisional Executive: Corporate Secretariat and Affairs)
Ms G Shaba (Divisional Executive: Operations)
Communications Officers:
HN Morolong (Acting Manager: Marketing and Communications)

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a191 013157 411219 928
Non-Current Assetsn/a766 869735 550685 901
Total Assetsn/a971 857892 961805 829
Current Liabilitiesn/a191 041190 756190 342
Non-Current Liabilitiesn/a39 81444 86244 014
Total Liabilitiesn/a230 855235 617234 356
Total Net Assetsn/a741 002657 344571 473
 
FINANCIAL PERFORMANCE
Total Revenuen/a331 129272 525244 099
Revenue from Exchange Transactionsn/a234 113244 960224 323
Revenue from Non-Exchange Transactionsn/a97 01627 56519 776
Total Expendituren/a(253 977)(283 609)(342 648)
Employee Related costsn/a(69 713)(65 929)(73 749)
Surplus/(Deficit) for Yearn/a77 152(11 084)(98 548)
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a23 245(52 728)20 421
Net Cash Flows from Investing Activitiesn/a(2 833)(10 273)8 483
Cash & Cash Equivalents at End of Yearn/a51 34931 62694 287
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a1 3533 36334 731
Fruitless & Wasteful Expendituren/a--49
 
HUMAN RESOURCES
Posts Approvedn/a107117133
Posts Filledn/a102110130
 
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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