South African Forestry Company (SAFCOL)

Contact Details

Physical: Podium at Menlyn, 43 Ingersol Road, Lynnwood Glen, Pretoria, 0081
Postal: PO Box 1771, Silverton, 0127
Tel: 012 436 6300 / 0861 723 265
Fax: 013 754 2733
Web:

Overview

The vision of the South African Forestry Company SOC Ltd (SAFCOL) is to be a world-class, global business engaged in multifunctional forestry, revolutionising the integration of forests and communities.

SAFCOL's mission is driven by an unwavering commitment to facilitate sustainable economic empowerment of communities and alleviation of poverty through implementing needs-driven interventions, and becoming a partner of choice for land claimants. It is dedicated to growing its business in the forestry value chain and maximising stakeholder value through: ensuring technical and business excellence by attracting and retaining the best people; enhancing the asset value by continuously pursuing innovative solutions; embracing and leading an all-inclusive equitable transformation of the South African forestry sector; commitment to meaningful partnerships with stakeholders; practising transparent and fair marketing; developing the downstream value chain; and being environmentally responsible.

Office Bearers/Management

Chairperson
Mr RL Mabece
Chief Executive Officer
Mr GC Theron

Chairperson:
Mr Rudolph Lungile Mabece
Deputy Chairperson:
n/a
Board Members:
Ms Sakekile Baduza
Dr Petrus Mbiji Mahlangu
Mr Stanley Mandla Mnguni
Dr Pulane Elsie Molokwane
Ms Caroline Phumzile Mavasana Ngwenya
Ms Trishantanie Pillay (CFO)
Mr Maroale Jacob Tanto Rachidi
Mr Gabriel Christiaan Theron (Acting CEO)
Chief Executive Officer:
Mr Gabriel Christiaan Theron (Acting)
Chief Financial Officer:
Ms Trishantanie Pillay
Chief Operations Officer:
Mr Klaas Mokobane (Acting)
Senior Management:
Ms Tamarin Jacobs (Acting SE: Human Capital Management and Transformation)
Communications Officers:
Ms Milisa Kentane (Corporate Communications and Marketing)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedQualified
 
FINANCIAL POSITION
Current Assets781 334827 921724 611710 680
Non-Current Assets3 862 0303 861 2583 757 2453 380 138
Total Assets4 652 4724 689 2044 854 6114 090 818
Current Liabilities262 540321 229168 849126 496
Non-Current Liabilities1 156 0381 076 1621 080 239861 220
Total Liabilities1 418 5781 397 3911 258 852987 716
Total Net Assets3 233 8943 291 8133 595 7593 103 102
 
FINANCIAL PERFORMANCE
Total Revenue991 9891 064 3521 650 335997 018
Revenue from Exchange Transactions903 297898 140894 374855 608
Revenue from Non-Exchange Transactions88 692208 773755 961141 410
Total Expenditure(1 041 728)(935 516)(1 142 400)(923 199)
Employee Costs(333 299)(290 082)(273 761)(251 225)
Surplus/(Deficit) for Year(49 739)128 836507 93573 819
 
CASH FLOW
Net Cash Flows from Operating Activities(44 746)123 295106 03115 191
Net Cash Flows from Investing Activities(57 168)(65 166)(46 938)6 724
Cash & Cash Equivalents at End of Year208 016293 294222 162152 730
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure44 10029 70816 3911 476
Fruitless & Wasteful Expenditure1033661 84214 076
 
HUMAN RESOURCES
Posts Approvedn/a1 9601 928n/a
Posts Filledn/a1 7161 736n/a
 
SourcesAnnual ReportAnnual Report n/a n/a

Overseeing Department/Entity

Annual Reports


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