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:
Ms ND Mochochoko
Board Members:
Mr PBM Chuene
Mr V Maharaj
Ms HN Mkhungo
Mr I Osman (CEO)
Mr LL Phungo
Ms TN Sandlana
CEO:
Mr I Osman
CFO:
Mr S Moyo
Senior Management:
n/a
Communications Officers:
HN Morolong (Acting Manager: Marketing and Communications)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedQualified
 
FINANCIAL POSITION
Current Assets191 013157 411219 928239 370
Non-Current Assets766 869735 550685 901678 936
Total Assets971 857892 961805 829918 476
Current Liabilities191 041190 756190 342113 174
Non-Current Liabilities39 81444 86244 01436 713
Total Liabilities230 855235 617234 356149 887
Total Net Assets741 002657 344571 473768 589
 
FINANCIAL PERFORMANCE
Total Revenue331 129272 525244 099308 198
Revenue from Exchange Transactions234 113244 960224 323270 455
Revenue from Non-Exchange Transactions97 01627 56519 77637 743
Total Expenditure(253 977)(283 609)(342 648)(241 911)
Employee Related costs(69 713)(65 929)(73 749)(70 050)
Surplus/(Deficit) for Year77 152(11 084)(98 548)66 286
 
CASH FLOW
Net Cash Flows from Operating Activities23 245(52 728)20 421(4 911)
Net Cash Flows from Investing Activities(2 833)(10 273)8 48328 197
Cash & Cash Equivalents at End of Year51 34931 62694 28766 116
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure1 3533 36334 73125 379
Fruitless & Wasteful Expenditure--491 158
 
HUMAN RESOURCES
Posts Approved107117133135
Posts Filled102110130134
 
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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