KZN Growth Fund

Contact details

Physical: 28th Floor, Delta Towers, 303 Dr Pixley Kaseme Street, Durban, 4001
Postal: PO Box 1817, Durban, 4000
Tel: 031 372 3720
Fax: 031 306 2547


The mission of the KZN Growth Fund is to provide competitive and innovative project finance to private sector investments that unlock growth opportunities in the KZN province for a better future by promoting direct investment, Broad-Based Black Economic Empowerment (B-BBEE) and job creation, whilst remaining financially self-sufficient and sustainable.

The Fund's principal objective is to steer sustainable economic development and job creation through facilitating the financing of medium- and large-scale infrastructure projects within the KwaZulu-Natal province. The KZN Growth Fund is therefore a project finance facility that has been developed by the provincial government to spearhead the funding of economic projects.

Its strategic objectives are to increase investment into the province; increase competitiveness of the regional economy; broaden participation in the economy; facilitate the development of skills; and facilitate B-BBEE.

Office Bearers/Management

Ms Dudu Rosemary Hlatshwayo
Deputy Chairperson:
Mr Siphile Buthelezi
Board Members:
Mr Ashvir Dhuki
Ms Noluthando Radebe
Mr Khaya Thango
Ms Bongekile Zulu
Mr Aubrey Lethukuthula Shabane (Acting)
Mr Ismail Abdoola
Senior Management:
Mr Dieter Kasch (Acting Chief Investment Officer)
Ms Nomcebo Mpembe (Investment Officer)
Mr Bruce Ndidi (Investment Officer)
Ms Khwezi Nhassengo (Investment Officer)
Communications Officers:
Ms Ayesha Asmal (Executive Assistant: Office of the CEO)

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
AUDIT OUTCOMEClean AuditClean AuditClean AuditClean Audit
Current Assetsn/a603 548593 668707 986
Non-Current Assetsn/a490 952368 381106 403
Total Assetsn/a1 094 500962 048814 389
Current Liabilitiesn/a4 3962 33724 737
Non-Current Liabilitiesn/a115 238448 082573 594
Total Liabilitiesn/a119 634450 419598 331
Total Net Assetsn/a974 866511 629216 058
Total Revenuen/a128 77581 80350 916
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expendituren/a(50 279)(31 231)(43 501)
Employee Related costsn/an/a(14 579)(4 821)
Surplus/(Deficit) for Yearn/a78 49550 5727 415
Net Cash Flows from Operating Activitiesn/a57 35724 8319 574
Net Cash Flows from Investing Activitiesn/a(48 377)(712)(65)
Cash & Cash Equivalents at End of Yearn/a580 699594 784608 000
Unauthorised Expendituren/a---
Irregular Expendituren/a---
Fruitless & Wasteful Expendituren/a---
Posts Approvedn/an/an/an/a
Posts Filledn/an/an/an/a
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 so that we can correct them.
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