2007 / 2008 Annual Report - Eastern Cape Development Corporation

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EASTERN CAPE DEVELOPMENT CORPORATION2007/08 ANNUAL REPORTHonourable P MasualleMember of the Executive Council for the Department of Economic Development and Environmental Affairs.Report of the Chief Executive Officer of the Eastern Cape Development Corporation for the period 1st April 2007 to 31st March 2008.I have the honour to submit the Annual Report of the Eastern Cape Development Corporation.Mr Mxolisi MatshambaChief Executive OfficerEastern Cape Development CorporationPublished by:Eastern Cape Development CorporationOcean Terrace Park, Moore StreetQuigney, East LondonSouth Africa© Eastern Cape Development Corporation, 2008Enquiries:Marketing DepartmentEastern Cape Development CorporationOcean Terrace Park, Moore StreetQuigney, East LondonSouth AfricaTelephone: +27 43 704 5600Fax: +27 43 704 5700COVER PHOTOGRAPH: New road constructed between Ugie and Mthatha to service the forestry industry in the Eastern Cape.
EASTERN CAPE DEVELOPMENT CORPORATION 2007/08EASTERN CAPE DEVELOPMENT CORPORATION2007/08 Annual ReportcontentsForeword 3Introduction and Highlights 5Part 1: General Information 7General Overview 7Vision, Mission and Strategic Priorities 7Legislative Mandate 8Part 2: Human Resources Management 11Part 3: Programme Performance 27Programme 1: Enterprise Finance 27Programme 2: Investment Promotion 33Programme 3: Trade Promotion 39Programme 4: Enterprise Development Services 43Programme 5: Development Support Services 49Programme 6: Property Management and Development 55Part 4: Audit Report, Financial Status and other financial information 59Report of the Independent Auditors 59Report of the Audit Committee 62Directors’ Report 64Balance Sheet 70Income Statement 71Changes in Equity 72Cash Flow Statement 74Accounting Policies 75Notes to the Consolidated Annual Financial Statements for the year ended 31 March 2008 83Supplementary information 1061
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2007 / 2008 Annual Report - Eastern Cape Development Corporation

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