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South African Broadcasting Corporation SOC Limited (SABC
AUDIT OUTCOME Financially Unqualified Financially Unqualified Qualified FINANCIAL POSITION R’000 R’000 R’000
Current Assets 3 537 476 3 510 402 2 541 929
Non-Current Assets 4 070 748 3 862 062 4 206 353 Total Assets 7 608 223 7 372 464 6 748 281
Current Liabilities 588 256 576 088 601 763
Non-Current Liabilities 1 122 207 1 035 334 975 981 Total Liabilities 1 710 463 1 611 422 1 577 744 Total Net Assets 5 897 760 5 761 042 5 175 827
FINANCIAL PERFORMANCE
Total Revenue 1 330 269 1 331 854 1 369 382
Exchange Transactions 1 318 028 1 366 962 n/a
Non-Exchange Transactions 12 241 5 501 n/a Total Expenditure (1 193 550) (781 959) (755 309)
Employee Costs (534 445) (485 737) (453 806) Surplus/(Deficit) for Year 136 719 590 504 614 073
FINANCIAL INFORMATION* 2019/20 2018/19 2017/18 CASH FLOW
Operating Activities 138 785 207 937 170 045 Investing Activities (457 708) 560 850 (34 479) Cash & Equivalents – Year End 766 870 1 096 606 331 050 UIFW EXPENDITURE** 1 367 7 611 19 021
NATIONAL HOUSING FINANCE CORPORATION SOC LTD (NHFC)
CONTACT DETAILS
PHYSICAL: The Isle of Houghton, Old Trafford 3, 11 Boundary Road, Houghton, Johannesburg POSTAL: PO Box 31376, Braamfontein, 2017 TEL: 011 644 9800 FAX: 011 484 0204 WEB: www.nhfc.co.za EMAIL: info@nhfc.co.za
OVERVIEW
The mission of the National Housing Finance Corporation SOC Ltd (NHFC) is to provide innovative and affordable housing finance solutions to the low-to-middle income housing market. The Corporation’s strategic objectives are to: expand housing finance activities, through the effective provision of housing finance solutions, thus enabling low-to-middle income households to have the choice of renting or owning, or incrementally building, to meet their housing needs; facilitate the increased and sustained lending by financial institutions to the affordable housing market; mobilise funding into the human settlement space, on a sustainable basis, in partnership with the broadest range of institutions; conduct the business activities of the NHFC in a manner that ensures the continued economic sustainability of the NHFC, while promoting lasting social, ethical and environmental development; and stimulate the low-to-middle income housing sector, by providing robust, relevant and timely research and market analysis to practitioners and housing customers. On 1 October 2019, the National Urban Reconstruction and Housing Agency (NURCHA) and the Rural Housing Loan Fund (RHLF) were merged into the National Housing Finance Corporation SOC Ltd (NHFC).
OFFICE BEARERS
Chairperson: Ms Phekane Ramarumo (Acting) Board Members: Ms Thembi Chilizi, Mr Johan Coetzee, Mr Adrian Harris, Mr Andrew Higgs (Company Secretary), Ms Anthea Houston, Mr Sango Ntsaluba, Mr Khehla Shubane, Mr Sizwe Tati (Acting CEO) Chief Executive Officer: Mr Siswe Tati (Acting) Chief Financial Officer: Mr Bruce Gordon (Acting) Senior Management: Mr Jabulani Fakazi (Executive Manager: Incremental Housing Finance), Mr Viwe Gqwetha (Executive Manager: Strategic Partnerships and Programme Management), Mr Lawrence Lehabe (Executive Manager: Projects Funding Programme), Mr Zola Lupondwana (Executive Manager: Credit), Mr Cleophus Mako Makola (General Manager: Human Resources), Ms Mandu Mamatela (Executive Manager: Corporate Strategy), Ms Valerie McLeod (General Manager: Legal), Ms Vuyokazi Menye (Chief Information Officer), Ms Nomsa Ntshingila (Executive Manager: Human Resources), Mr Sindisa Nxusani (Executive Manager: Corporate Support), Mr Mogotsi Oepeng (General Manager: Finance) Communications Officers: Ms Masego Maluleke (General Manager: Corporate Communications and Marketing)
FINANCIAL INFORMATION* 2019/20 2018/19 2017/18
AUDIT OUTCOME Financially Unqualified Financially Unqualified Financially Unqualified FINANCIAL POSITION R’000 R’000 R’000
Current Assets 2 332 100 2 278 578 1 066 770
Non-Current Assets 3 944 160 3 735 311 2 354 496 Total Assets 6 276 260 6 013 889 3 421 266
Current Liabilities 211 311 138 777 107 374
Non-Current Liabilities 1 437 632 1 474 252 227 576 Total Liabilities 1 648 943 1 613 029 334 950 Total Net Assets 4 627 317 4 400 860 3 086 316
FINANCIAL PERFORMANCE
Total Revenue 702 694 585 311 304 270 Total Expenditure (482 961) (439 661) (209 571)
Employee Costs (93 134) (67 561) (40 894) Surplus/(Deficit) for Year 219 733 145 650 94 699
CASH FLOW
Operating Activities 182 969 22 285 (173 331) Investing Activities (210 482) 43 290 65 777 Cash & Equivalents – Year End 1 105 890 1 058 470 330 443 UIFW EXPENDITURE** 6 511 2 437 -
HUMAN RESOURCES 2019/20 2018/19 2017/18 Posts Filled n/a 121 70
