The Coega Development Corporation (CDC) today announced its year-end unaudited performance results for the Financial Year (FY) 2016/17, which, it says, exceeded expectations. The organisation achieved double-digit growth in new investments in the Coega SEZ for the third consecutive year. This follows the CDC's recent announcement that more than R1 billion of newly signed investments in the Coega SEZ are ready for implementation, including: A R650 million manufacturing cement grinding … [Read more...] about Half-a-billion rand in revenue despite tough trading conditions
financials
PE in the news: Departments and state-owned entities fail to submit financials on time
Departments and state-owned entities fail to submit financials on time: Parents of students at the Nelson Mandela Metropolitan University in Port Elizabeth, led by advocate Terry Price, are threatening legal action against the university, claiming that it failed to honour the rights of non-protesting students. Microsoft Corp ... Source: "Port Elizabeth" - BingNews. Forget form, history shows Boks will win at Loftus: They lost at Newlands against Ireland, who for 50 minutes played with 14 … [Read more...] about PE in the news: Departments and state-owned entities fail to submit financials on time
Time to give the Ratepayers some respect for their R78 862 263.79 contribution
A recent look at the official Municipal Net Operating Deficit figures for the Nelson Mandela Bay Stadium sparked this line of thought. The annual Net Operating Deficit for the stadium has ballooned from R17 191 830.73 in 2010/11 to R20 779 883.58 in 2011/12 and then to a whopping R40 890 549.48 in the 2012/13 financial year. First the good news - the Neson Mandela Bay Stadium is apparently the 'best performing' out of all of the stadiums that were purpose built for the 2010 World … [Read more...] about Time to give the Ratepayers some respect for their R78 862 263.79 contribution
