COEGA Development Corporation (CDC)

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 Coega Development Corporation (CDC) is a global award-winning state-owned company (SOC), mandated to develop and operate the 11 500ha Coega Special Economic Zone (SEZ) in terms of the SEZ Act 16 of 2014. 'Coega', as it is commonly referred to, was established in 1999, with its headquarters located in the Nelson Mandela Bay Metropol in the Eastern Cape Province, the home of legends, including the late statesman, Nelson Rolihlahla Mandela.

Coega’s vision is to be the leading catalyst for championing socio-economic development in South Africa through providing a competitive investment location, facilitating holistic infrastructure, and value-adding commercial business solutions. Coega’s main product offering is comprised of the Coega SEZ, Commercial Business Solutions and Project Management Services (including infrastructure development and facilities management).

The Coega SEZ is the leading prime industrial zone in Africa and the preferred investment destination for local and international companies seeking a gateway to world markets, particularly on the African continent. Currently, Coega has 40 operational investors, with an investment value of R6,996 billion. In line with its mandate, the CDC achieved 102 794 jobs and trained 77 331 people since inception in 1999. Investors at Coega include the R3,5 billion 342MW Dedisa Peaking Power Plant and the R11 billion BAIC SA’s Vehicle Manufacturing Plant, located in the Energy and Logistics Sectors, respectively.

The Coega SEZ is specifically designed along the cluster model, linking related industries and their supply chains in close proximity to one another to maximise efficiency and minimise turnaround times. The SEZ is ISO certified in many areas, demarcated into 14 business zones, which include, among others, commercial and logistics, automotive and auto components, metals and metallurgy, chemicals and energy, and agro-processing.

CDC is an implementing agent (IA) for government departments, utilising its expertise in infrastructure development and facilities management to provide project management and supply chain management capacity in order to fast-track the implementation of the country’s infrastructure development programme. Some of the government departments assisted in this area include the: EC and KZN Departments of Basic Education, National Department of Public Works, EC Department of Health and National Department of Education, to name but a few.

Office Bearers/Management

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:
Mr Mninawe Pepi Silinga
CFO:
Mr Lionel Billings (Acting)
Senior Management:
Thando Gwintsa (Wild Coast SEZ)
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'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a637 996814 452551 125
Non-Current Assetsn/a5 439 5874 970 9864 794 003
Total Assetsn/a6 077 5835 785 4385 345 127
Current Liabilitiesn/a507 629472 765460 122
Non-Current Liabilitiesn/a830 631835 849495 582
Total Liabilitiesn/a1 338 2601 308 614955 705
Total Net Assetsn/a4 739 3234 476 8244 389 422
 
FINANCIAL PERFORMANCE
Total Revenuen/a973 351673 007842 061
Revenue from Exchange Transactionsn/a529 352494 410490 485
Revenue from Non-Exchange Transactionsn/a443 999178 597351 576
Total Expendituren/a(710 852)(670 260)(747 837)
Employee Related costsn/a(276 527)(269 086)(207 825)
Surplus/(Deficit) for Yearn/a262 4992 747408 438
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(145 688)(9 928)(305 267)
Net Cash Flows from Investing Activitiesn/a(402 445)(195 864)(532 768)
Cash & Cash Equivalents at End of Yearn/a286 589505 732375 602
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a---
Fruitless & Wasteful Expendituren/a13 535--
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/an/a564390
 
Sources n/a Annual ReportAnnual ReportAnnual Report
Note

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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