2007 / 2008 Annual Report - Eastern Cape Development Corporation

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EASTERN CAPE DEVELOPMENT CORPORATION 2007/08CONSOLIDATED ANNUAL FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2008SUPPLEMENTARY INFORMATIONEuropean Union (EU) ProjectThe funds were transferred for lending to community projects in the province. The corporation was appointed by the EUand Treasury to act as agents for the management of these funds.Magwa Enterprise Tea (Proprietary) Limited (Magwa Tea)The Corporation has been appointed as implementing agent to revive Magwa Enterprise Tea. The Department ofAgriculture and the Department of Economic Development and Environmental Affairs advanced funds for this purpose.Premier’s FundThe fund was created by the Office of the Premier. Transfers to beneficiary institutions are only made on specificinstructions from the Office of the Premier.SteinhofThe funds are for infrastructure upgrade in Ugie for the Steinhof milling plant. The Corporation is an implementing agentfor these funds.Mthatha Taxi RankThe Mthatha Taxi Rank fund is held to be used to fund the development of a taxi rank in Mthatha by the Eastern CapeDepartment of Roads and Transport.110
HEAD OFFICEOcean Terrace Park, Moore Street, Quigney, EAST LONDONPO Box 11197, Southernwood, East London, Eastern Cape,South Africa, 5213Telephone: +27(0)43 704 5600 • Facsimile: +27(0)43 704 5700BUTTERWORTH24 High Street, BUTTERWORTHPO Box 117, Butterworth, Eastern Cape, South Africa, 4960Telephone: +27(0)47 401 2700 • Facsimile: +27(0)47 491 0443KING WILLIAM'S TOWN75 Alexander Road, KING WILLIAM'S TOWNPO Box 498, King William’s Town, Eastern Cape,South Africa, 5600Telephone: +27(0)43 604 8800 • Facsimile: +27(0)43 642 4199MTHATHA7 Sissons Street, Fort Gale, MTHATHAPrivate Bag X5028, Mthatha, Eastern Cape, South Africa, 5099Telephone: +27(0)47 501 2200 • Facsimile: +27(0)47 532 3548PORT ELIZABETH152 Cape Road, Mill Park, PORT ELIZABETHPO Box 1331, Port Elizabeth, Eastern Cape, South Africa, 6000Telephone: +27(0)41 373 8260 • Facsimile: +27(0)41 374 4447QUEENSTOWN22 Cathcart Street, QUEENSTOWNPrivate Bag X7180, Queenstown, Eastern Cape, South Africa, 5320Telephone: +27(0)45 838 1910 • Facsimile: +27(0)45 838 2176PRINTED ON:COVER: Sappi Nevia Triple Green 250 gsmSECTION DIVIDERS: Sappi Nevia Triple Green 170 gsmINNER PAGES: Sappi Nevia Triple Green 130 gsmSappi Nevia Triple Green is made up of 60% sugar cane fibre andis chlorine free and as a result supports sustainable afforestation.
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HUMAN RESOURCES MANAGEMENT2007/08 A
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PHOTOGRAPH: Alicedale, home to the
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INVESTMENT PROMOTION2007/08 ANNUAL
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PHOTOGRAPH: The Mercedes Benz South
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DEVELOPMENT SUPPORT SERVICES2007/08
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PHOTOGRAPH: The Automotive Supplier
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PHOTOGRAPH: The deepwater port of N
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2007 / 2008 Annual Report - Eastern Cape Development Corporation

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