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'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedQualifiedQualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assets348 760416 755729 806495 666
Non-Current Assets1 266 6561 128 3582 715 1202 348 807
Total Assets1 624 4011 549 3583 459 0212 860 952
Current Liabilities213 292203 893570 613317 213
Non-Current Liabilities36 09685 7111 576 4391 485 950
Total Liabilities249 388289 6042 147 0521 803 163
Total Net Assets1 375 0131 259 7541 311 9691 057 789
 
FINANCIAL PERFORMANCE
Total Revenue529 399570 160620 438616 630
Revenue from Exchange Transactions354 129334 479396 535267 669
Revenue from Non-Exchange Transactions175 270235 681223 903348 961
Total Expenditure(478 511)(470 202)(372 936)(524 475)
Employee Related costs(123 076)(120 636)(184 812)(155 356)
Surplus/(Deficit) for Year50 88899 958247 50292 155
 
CASH FLOW
Net Cash Flows from Operating Activities(64 027)(222 116)236 971(151 417)
Net Cash Flows from Investing Activities34 59637 6187 899(205 989)
Cash & Cash Equivalents at End of Year270 735301 274606 486391 147
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure26 19433 38950 8794 273
Fruitless & Wasteful Expenditure--624283
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/a165164n/a
 
SourcesAnnual ReportAnnual 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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