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'0002016/172015/162014/152013/14
AUDIT OUTCOMEAudit not FinalisedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
Current Assetsn/a621 116481 286646 300
Non-Current Assetsn/a87 704100 71726 552
Total Assetsn/a708 820582 003672 852
Current Liabilitiesn/a121 414135 618184 681
Non-Current Liabilitiesn/a69 9758 00060 313
Total Liabilitiesn/a191 389143 618244 994
Total Net Assetsn/a517 431438 384427 858
Total Revenuen/a112 76583 92181 845
Revenue from Exchange Transactionsn/a112 76583 92181 845
Revenue from Non-Exchange Transactionsn/a---
Total Expendituren/a(131 145)(70 963)(74 667)
Employee Costsn/a(34 660)(35 063)(27 438)
Surplus/(Deficit) for Yearn/a(18 380)12 9597 178
Net Cash Flows from Operating Activitiesn/a20 342(80 440)59 157
Net Cash Flows from Investing Activitiesn/a(44 760)(65 733)2 693
Cash & Cash Equivalents at End of Yearn/a354 154311 138457 511
Unauthorised Expendituren/a---
Irregular Expendituren/a39 2001 9944 367
Fruitless & Wasteful Expendituren/a29--
Posts Approvedn/a844
Posts Filledn/a543
Sources n/a Annual ReportAnnual ReportAnnual Report
NoteNot 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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