National Urban Reconstruction and Housing Agency (NURCHA)

Contact Details

Physical: 3rd Floor, Old Trafford 3 Building, Isle of Houghton, 11 Boundary Road, Houghton, 2198
Postal: PO Box 2452, Saxonwold, 2132
Tel: 011 214 8700
Fax: 011 880 9139


The mission of the National Urban Reconstruction and Housing Agency (NURCHA) is to initiate programmes and take considered risks to ensure a sustainable flow of finance for the construction of low-income and affordable housing, community facilities and infrastructure. NURCHA works in partnership with all role-players in these markets to maximise the development of sustainable human settlements.

In fulfilling its mission of releasing finance for housing and related infrastructure, NURCHA seeks to act in a manner that maximises the developmental impact of its work. As it implements its programmes, it tests them against its development principles, which are to: extend the housing market; maximise options for the construction and financing of housing and related facilities and infrastructure; promote synergy and cooperation between public and private sectors; and use NURCHA loans to contribute to the emergence of a new generation of successful, black-owned construction companies.

Office Bearers/Management

Mr K Shubane
Chief Executive Officer
Mr V Gqwetha

Mr Khehla Shubane
Board Members:
Mr Cedric de Beer
Mr Webster Ndodana
Ms Ntsiki Ndzimbomvu (Company Secretary)
Ms Maleho Nkomo
Mr Thulani Nzimakwe
Mr Hendrick Petrus Prinsloo
Ms Zyda Rylands
Ms Linda Sing
Ms Adèl Struwig (Executive Director: Lending Portfolio)
Chief Executive Officer:
Mr Viwe Gqwetha (Managing Director)
Chief Financial Officer:
Mr Sindisa Nxusani (Financial Director)
Senior Management:
Ms Thembeka Jali (Acting General Manager: Programme and Fund Management)
Communications Officers:
Ms Nonti Ngono

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
Current Assets621 116481 286646 300522 183
Non-Current Assets87 704100 71726 55214 041
Total Assets708 820582 003672 852536 224
Current Liabilities121 414135 618184 681157 717
Non-Current Liabilities69 9758 00060 31357 827
Total Liabilities191 389143 618244 994215 544
Total Net Assets517 431438 384427 858320 680
Total Revenue112 76583 92181 84557 491
Revenue from Exchange Transactions112 76583 92181 84552 355
Revenue from Non-Exchange Transactions---5 136
Total Expenditure(131 145)(70 963)(74 667)(57 074)
Employee Costs(34 660)(35 063)(27 438)(23 855)
Surplus/(Deficit) for Year(18 380)12 9597 178(35 631)
Net Cash Flows from Operating Activities20 342(80 440)59 157(65 447)
Net Cash Flows from Investing Activities(44 760)(65 733)2 69350 134
Cash & Cash Equivalents at End of Year354 154311 138457 511318 524
Unauthorised Expenditure----
Irregular Expenditure39 2001 9944 367418
Fruitless & Wasteful Expenditure29---
Posts Approved84420
Posts Filled54310
SourcesAnnual ReportAnnual ReportAnnual Report n/a
NoteNot audited by AGSA. Independent Audit Report. Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.

Overseeing Department/Entity

Annual Reports

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