Richards Bay Industrial Development Zone (RBIDZ)

Contact details

Physical: Captains Walk Building, Tuzi Gazi Waterfront, Pioneer Road, Richards Bay
Postal: Private Bag X1005, Richards Bay, 3900
Tel: 035 788 0571
Fax: 035 788 0578
Web: www.rbidz.co.za
Email: info@rbidz.co.za

Overview

The mission of the Richards Bay Industrial Development Zone (RBIDZ) is to provide a conducive environment that attracts appropriate investment for sustainable economic development. The Zone's strategic goals are to promote good governance and ensure legislative compliance; establish a world-class IDZ infrastructure; establish a sustainable IDZ; and attract fixed investment in export-orientated manufacturing and services industries.

The purpose of proclaiming the RBIDZ was to facilitate the creation of an industrial complex having strategic economic advantage; provide the location for the establishment of strategic investments; enable the exploitation of resource-intensive industries; take advantage of existing industrial capacity, and promote integration with local industry and value-added production; create employment and other economic and social benefits in the region in which it is located; be consistent with any applicable national policies and laws, as determined by appropriate environmental, economic and technical analyses; develop and operate an IDZ in the area designated in the operator permit; provide quality services infrastructure to attract internationally competitive, export-orientated manufacturing businesses; take ownership of the assets and affairs of the Zone and be responsible for ongoing management and maintenance thereof; establish a one-stop service centre and provide commensurate human resources capacity, expertise and suitable technologies; make arrangements for and mobilise requisite resources for the development of the Zone; and operate in a manner that recognises that the shareholder is prioritising development, socio-economic improvement and long-term sustainability, rather than financial profit.

Office Bearers/Management

Chairperson:
Mr Mel Clark (Human Resources and Remuneration Committee; and Audit and Risk Committee)
Board Members:
Ms Tina Eboka (Infrastructure Committee, Investment Committee and Audit and Risk Committee)
Mr Zola Fihlani (Audit and Risk Committee Chairperson)
Mr Andile Mahlalutye (Social and Ethics Committee)
Mr Sibusiso Makhanya (Social and Ethics Committee and Infrastructure and Investment Committee)
Mr Elphas Mbatha (Social and Ethics Committee)
Dr Joy Ndlovu (Audit and Risk Committee and Remunerations Committee)
Ms Mbali Ndlovu (HR and Remuneration Committee Chairperson)
CEO:
Mr Pumi Motsoahae
CFO:
Mr Mzamo Khuzwayo
Senior Management:
Mr Keith Harvey (Legal/Company Secretary)
Mrs Simphiwe Mbonambi (Executive Manager: Corporate Services)
Mr Joe Muller (Executive Manager: Infrastructure, Planning and Development)
Ms Gugu Zwane (Executive Manager: Office of the CEO)
Communications Officers:
Choice Sihiya (Stakeholder and Communications Manager)
Ms Zodwa Zikalala (Brand and Marketing Manager)

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEClean AuditFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a541 404427 225520 182
Non-Current Assetsn/a66 352207209
Total Assetsn/a607 756427 433520 391
Current Liabilitiesn/a456 244276 610369 186
Non-Current Liabilitiesn/a345-
Total Liabilitiesn/a456 278276 615369 186
Total Net Assetsn/a151 478150 818151 205
 
FINANCIAL PERFORMANCE
Total Revenuen/a53 85950 74629 922
Revenue from Exchange Transactionsn/a17 56110 626161
Revenue from Non-Exchange Transactionsn/a36 29840 12029 761
Total Expendituren/a(53 197)(50 745)(39 309)
Employee Related costsn/a(22 945)(24 170)(18 011)
Surplus/(Deficit) for Yearn/a661(388)(760)
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a63 574(15 944)(1 396)
Net Cash Flows from Investing Activitiesn/a(102 021)(176 257)(92 195)
Cash & Cash Equivalents at End of Yearn/a538 080353 539461 176
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a--164
Fruitless & Wasteful Expendituren/a---
 
HUMAN RESOURCES
Posts Approvedn/a473536
Posts Filledn/a282926
 
Sources n/a Annual ReportAnnual ReportAnnual Report
NoteNot audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit 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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