Physical: SABS Campus, 1 Dr Lategan Road, Groenkloof, PretoriaTel: 012 482 8700Web: www.nrcs.org.za
Postal: Private Bag X25, Brooklyn, 0075
The National Regulator for Compulsory Specifications (NRCS) is an entity of the Department of Trade and Industry established to administer compulsory specifications and other technical regulations with the view to protect human health, safety and the environment, and to ensure fair trade in accordance with government policies and guidelines.
The vision of the NRCS is to be a credible and respected regulator for the protection of the public, the economy and the environment. Its mission is to develop compulsory specifications and technical regulations, and maximise compliance of regulated products and services.
The NRCS' strategic objectives are: to be an effective and efficient regulatory system that is responsive to the environment in which we operate in order to protect the public; full compliance with compulsory specifications / technical regulations; recognition and awareness of the NRCS; and sound, effective and efficient organisational governance.
The broad mandate of the NRCS is to promote public health, safety and environmental protection through the development and enforcement of compulsory specifications / technical regulations. While consumer protection lies at the heart of the activities of the NRCS, this function cannot be separated from South Africa’s role as a global trading partner. South African goods and services need to be competitive in terms of cost and quality and, at the same time, be guaranteed to be safe and fit for their purpose. The mandate of the NRCS is derived from the following legislation: the National Regulator for Compulsory Specifications Act 5 of 2008 as amended; the Legal Metrology Act 9 of 2014; and the National Building Regulations and Building Standards Act 103 of 1977(NBR&BS Act).
Chief Executive Officer
Mr A Moodley
- Chief Executive Officer:
- Mr A Moodley
- Chief Financial Officer:
- Reshma Mathura
- Senior Management:
- Mr Marks Thibela (DCEO)
- Communications Officers:
- Ms Mirriam Moswaane (Head: Communications and Marketing)
|All Financial Values: R'000||2015/16||2014/15||2013/14||2012/13|
|AUDIT OUTCOME||Qualified||Qualified||Qualified||Financially Unqualified|
|Current Assets||221 178||230 313||165 153||130 387|
|Non-Current Assets||29 697||18 119||19 636||19 877|
|Total Assets||250 876||248 431||184 790||150 264|
|Current Liabilities||38 190||43 956||34 628||43 153|
|Non-Current Liabilities||28 824||22 229||20 328||20 025|
|Total Liabilities||67 013||66 185||54 955||63 178|
|Total Net Assets||183 862||182 246||129 834||87 085|
|Total Revenue||293 345||319 119||290 843||261 739|
|Revenue from Exchange Transactions||47 411||42 113||53 363||38 143|
|Revenue from Non-Exchange Transactions||248 122||277 790||243 812||223 596|
|Total Expenditure||(308 311)||(278 512)||(245 959)||(224 106)|
|Employee Costs||(239 843)||(217 186)||(178 279)||(148 486)|
|Surplus/(Deficit) for Year||1 616||52 412||44 883||37 633|
|CASH FLOW||Net Cash Flows from Operating Activities||5 580||57 042||34 065||63 857||Net Cash Flows from Investing Activities||(12 403)||(1 273)||(2 461)||(2 438)||Cash & Cash Equivalents at End of Year||199 847||206 669||150 943||119 413|
|Irregular Expenditure||109||7 292||5 830||33 179|
|Fruitless & Wasteful Expenditure||53||12||425||10|
|Sources||Annual Report||Annual Report||Annual Report|| n/a |
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