Mayibuye Transport Corporation (MTC)

Contact details

Physical: Shop 15, Beacon Bay Crossing, Cnr N2 & Bonza Bay Roads, Beacon Bay, East London
Postal: PO Box 19596, Tecoma, East London, 5214
Tel: 043 745 2582
Fax: 043 745 2586
Web: www.mayibuyetransport.co.za
Email: info@mtcec.co.za

Overview

The vision of the Mayibuye Transport Corporation (MTC) is to be the public transporter of choice. It is the mission of the MTC to provide a safe, reliable, affordable public bus transport service that is responsive to its environment.

The MTC’s strategic goals are to: ensure accessible, reliable, safe and affordable public bus transportservices that satisfy the needs of their customers; be a catalyst to the Eastern Cape Developmental Priorities through the provision of a viable public bus transport service; and develop the MTC into a fit-for-purpose public transport provider.

Office Bearers/Management

Chairperson:
Ms Fezeka Khuthazwa Pearl Ntlemeza
Deputy Chairperson:
Dr Vanguard Mkosana
Board Members:
Mr André Joubert de Vries (Department of Transport Representative)
Mrs Thandiwe Godongwana
Mrs Nomalungelo Beula Petela-Ngcanga
Adv Mathobela Harold Sishuba
Dr Bridget Ssamula
Mr Radhesh Surajbali
Mr Phumzile Goodwin Zitumane
CEO:
Mrs Ntombizine Velma Madyibi
CFO:
Mr Spelele Galada
COO:
Mr David Gwabeni
Communications Officers:
Ms Bongiwe Solwandle (PR and Communications Officer)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedQualifiedQualifiedDisclaimer
 
FINANCIAL POSITION
Current Assets34 50767 46412 0287 088
Non-Current Assets139 86976 20075 02764 598
Total Assets175 525143 66487 05671 686
Current Liabilities16 38211 24816 55316 804
Non-Current Liabilities19 424301945 353
Total Liabilities35 80611 54916 64722 157
Total Net Assets139 719132 11570 40949 529
 
FINANCIAL PERFORMANCE
Total Revenue134 133123 806101 48591 604
Revenue from Exchange Transactions35 14330 06527 39727 814
Revenue from Non-Exchange Transactions98 99093 74174 08863 773
Total Expenditure(136 529)(135 065)(111 158)(96 352)
Employee Related costs(62 304)(61 374)(54 791)(47 504)
Surplus/(Deficit) for Year(2 396)(11 279)(11 333)(4 748)
 
CASH FLOW
Net Cash Flows from Operating Activities1 9551503 115(59 935)
Net Cash Flows from Investing Activities(84 015)(10 884)(14 143)(621)
Cash & Cash Equivalents at End of Year15 84462 4505 579102
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure2 1653 9328 30312 989
Fruitless & Wasteful Expenditure82127126128
 
HUMAN RESOURCES
Posts Approved295274230230
Posts Filled237249234219
 
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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