FINANCIAL INFORMATION*
2017/18
2016/17
R’000
R’000
R’000
CASH FLOW
Current Assets Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Total Liabilities Total Net Assets
16 711 36 064 52 776 23 029 4 788 27 817 24 959
10 689 34 987 45 676 17 793 4 301 22 094 23 582
6 867 33 727 40 594 16 779 3 845 20 624 19 970
Operating Activities Investing Activities Cash & Equivalents – Year End
FINANCIAL PERFORMANCE Total Revenue Exchange Transactions Non-Exchange Transactions Total Expenditure Employee Costs Surplus/(Deficit) for Year
110 466 1 368 109 098 (110 637) (1 633) 1 377
99 089 3 449 95 641 (97 293) (1 102) 1 495
FINANCIAL INFORMATION*
UIFW EXPENDITURE** HUMAN RESOURCES
2018/19
2017/18
2016/17
6 781 (1 586) 13 476 15 040
5 580 (1 105) 8 307 5 816
196 (170) 3 802 13 837
2016/17
2018/19
2017/18
Posts Approved
309
269
269
Posts Filled
180
205
205
103 930 8 816 95 113 (99 917) (984) 4 013
NORTH WEST
2018/19
FINANCIAL POSITION
NORTH WEST DEVELOPMENT CORPORATION (NWDC) CONTACT DETAILS PHYSICAL: 22 James Watt Crescent, Industrial Sites, Mahikeng, 2745 POSTAL: PO Box 3011, Mmabatho, 2735 TEL: 018 381 3663 / 017 422 0067 WEB: nwdc.co.za EMAIL: info@nwdc.co.za
OVERVIEW The North West Development Corporation (NWDC) is an agency of the Provincial Government of the North West Province. It was established to plan, finance, coordinate, promote and carry out the economic development of the North West Province and its people in the fields of industry, commerce, finance, mining, tourism enterprise-related activities and other business resulting in wealth and job creation, while taking cognisance of the aims and objectives of the Reconstruction and Development Programme in South Africa. It is listed as a Schedule 3D provincial government entity in terms of the Public Finances Management Act. The NWDC’s strategic thrust is to drive an inclusive strategy towards economic growth and transformation in the North West province in line with the provincial priorities. Its purpose is therefore to contribute towards the growth and transformation of the economy by positioning the North West province as a competitor in the SADC Region, Africa and the globe in investment attraction. The NWDC aims to demonstrate its leadership by implementing key programmes and providing support for the development of key sectors of the economy in line with the conventional economic and industrial policies of the province. Key to this aim is the growth of the cooperative economy, trade and investment facilitation and increased strategic economic infrastructure. It undertakes to support key provincial strategies in a manner that ensures successful implementation of those strategies.
OFFICE BEARERS Chairperson: Ms Monica Sentle Board Members: Ms M Chokoe, Ms J Dibetso-Nyathi, Ms KA Dikgole, Prof LTB Jackson, Mr Siamisang Kgodumo, Ms Bawinile Lamola, Mr Radichaba Malapane (Acting CEO), Mr Mokgele Mojaki, Mr Mohamad Motala, Ms Gugu Moyo, Mr Tshepo Phiri CEO: Mr Radichaba Malapane (Acting) CFO: Ms L Sonqishe Senior Management: Ms M Matabane (Executive Manager: Property), Mr Z Molewa (Executive Manager: Corporate Services), Mr E Moncho (Manager: CEO’s Office), Mr N Phamodi (SMME Manager), Mr D Sadike
(Project Executive: Bojanala SEZ), Mr T Shai (Acting Executive Manager: Projects) Communications Officers: Mrs Karen Landsberg
FINANCIAL INFORMATION* AUDIT OUTCOME
2018/19
2017/18
2016/17 Disclaimer
Disclaimer
Disclaimer
FINANCIAL POSITION
R’000
R’000
R’000
Current Assets Non-Current Assets Total Assets Current Liabilities Non-Current Liabilities Total Liabilities Total Net Assets
189 263 1 391 469 1 580 732 248 255 335 189 603 444 977 288
250 921 1 414 410 1 665 331 277 329 362 277 639 605 1 025 725
135 523 6 109 390 6 244 914 197 982 1 732 612 1 930 594 4 314 319
361 823 n/a n/a (420 857) n/a (59 034)
392 097 247 198 126 389 (681 110) (124 747) (289 012)
288 512 207 247 81 265 (616 868) (120 137) (257 452)
159 639 (948) 35 653 836
73 131 (5 133) 127 163 190 562
(22 559) (17 957) 54 703 72 597
2018/19
2017/18
2016/17
208
207
259
174
163
231
FINANCIAL PERFORMANCE Total Revenue Exchange Transactions Non-Exchange Transactions Total Expenditure Employee Costs Surplus/(Deficit) for Year
CASH FLOW Operating Activities Investing Activities Cash & Equivalents – Year End
UIFW EXPENDITURE** HUMAN RESOURCES Posts Approved Posts Filled
SUBSIDIARIES Dirapeng Kgama Wildlife Operations
NORTH WEST GAMBLING BOARD CONTACT DETAILS PHYSICAL: 131 University Drive, Mmabatho, 2735 POSTAL: Private Bag X34, Mmabatho, 2735 TEL: 018 384 3215 WEB: www.nwgb.co.za EMAIL: ceo@nwgb.co.za
Refer to p7 for more information on sources, methodology and definitions. *Refer to provincialgovernment.co.za for a copy of the full Annual Report. **Total of Unauthorised, Irregular, Fruitless & Wasteful Expenditure. THE PROVINCIAL GOVERNMENT HANDBOOK SOUTH AFRICA 2020 | 121
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