COEGA Development Corporation

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 mission of the COEGA Development Corporation (CDC) is to provide a competitive investment location supported by value added business services that ultimately enable socio-economic development. The Entity is mandated to develop and operate the Coega Industrial Development Zone (IDZ), which is located adjacent to the modern deep-water port facility, Port of Ngqura, developed and owned by Transnet National Ports Authority. The CDC attracts investors from all over the world and in different business sectors through investment promotion as well as Foreign Direct Investment (FDI).

The Entity's product offering and business focus includes a 256 Nelson Mandela Bay Logistics Park (NMBLP), as well as a range of management services. NMBLP is an automotive supplier park that provides turnkey solutions, particularly for automotive and automotive-related component suppliers and logistics companies. The management services of the CDC include project management services for infrastructure development projects, human capital development and management, as well as strategic business solutions.

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:
Thando Gwintsa (Wild Coast SEZ)
CFO:
Mr Lionel Billings (Acting)
Senior Management:
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'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assets637 996814 452551 125459 780
Non-Current Assets5 439 5874 970 9864 794 0034 368 224
Total Assets6 077 5835 785 4385 345 1274 828 005
Current Liabilities507 629472 765460 122326 660
Non-Current Liabilities830 631835 849495 582520 360
Total Liabilities1 338 2601 308 614955 705847 020
Total Net Assets4 739 3234 476 8244 389 4223 980 985
 
FINANCIAL PERFORMANCE
Total Revenue973 351673 007842 061706 119
Revenue from Exchange Transactions529 352494 410490 485314 488
Revenue from Non-Exchange Transactions443 999178 597351 576391 362
Total Expenditure(710 852)(670 260)(747 837)(530 957)
Employee Related costs(276 527)(269 086)(207 825)(162 674)
Surplus/(Deficit) for Year262 4992 747408 438452 575
 
CASH FLOW
Net Cash Flows from Operating Activities(145 688)(9 928)(305 267)(137 492)
Net Cash Flows from Investing Activities(402 445)(195 864)(532 768)(169 551)
Cash & Cash Equivalents at End of Year286 589505 732375 602345 172
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure----
Fruitless & Wasteful Expenditure13 535---
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/a564390312
 
SourcesAnnual ReportAnnual ReportAnnual ReportAnnual Report
NoteNot 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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