Trans-Caledon Tunnel Authority (TCTA)

Contact Details

Physical: Tuinhof Building, Ground Floor, Stinkhout Building, 265 West Avenue, Centurion
Postal: PO Box 10335, Centurion, 0046
Tel: 012 683 1200
Fax: 012 683 1361
Web:

Overview

The mission of the Trans-Caledon Tunnel Authority (TCTA) is to facilitate water security through the planning, financing and implementation of bulk raw water infrastructure, in the most cost-effective manner for the benefit of water users.

The TCTA was originally established as a special purpose vehicle to fulfil South Africa’s treaty obligations in respect of the Lesotho Highlands Water Project. Its establishment was in line with government policy and practice to seek off-balance-sheet funding options for infrastructure projects, which can recover their costs through the end-user tariffs. The purpose of constructing works off-budget is twofold: to ensure that the cost of the infrastructure is paid for by the benefitting end consumer and not by the entire tax base; and to reduce government borrowing requirements.

Office Bearers/Management

Chairperson
Ms M Hlahla
Chief Executive Officer
Mr L Radzuma

Chairperson:
Ms Monhla Hlahla
Deputy Chairperson:
Mr JRD Modise
Board Members:
Mr Muziwandile Msizi Chonco
Dr J Ellman
Mr S Khondlo
Ms S Makhathini
Ms Z Manase
Ms Tshepiso Moahloli
Mr Roopa
Chief Executive Officer:
Mr Leonard Radzuma (Acting CEO and Chief Risk Officer)
Chief Financial Officer:
Ms Halima Nazeer
Chief Operations Officer:
Ms Jeanette Nhlapo
Senior Management:
Ms Carina Bleeker (Executive Manager: Enterprise-Wide Support Services)
Mr Ola Busari (Executive Manager: Knowledge Management)
Mr Johann Claassens (Executive Manager: Project Management and Implementation)
Ms Lahlane Mnisi (Company Secretary and Executive Manager: Governance)
Communications Officers:
Itumaleng Mabena (Head: Communications)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assets5 759 0009 636 0007 180 0006 271 000
Non-Current Assets24 941 00023 423 00024 531 00028 831 000
Total Assets30 700 00033 059 00031 711 00035 102 000
Current Liabilities3 146 0003 795 0003 314 0003 078 000
Non-Current Liabilities27 192 00027 180 00026 123 00025 750 000
Total Liabilities30 338 00030 975 00029 437 00028 828 000
Total Net Assets362 0002 084 0002 274 0006 274 000
 
FINANCIAL PERFORMANCE
Total Revenue5 425 0005 453 0005 025 0005 362 000
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expenditure(7 147 000)(5 643 000)(6 670 000)(5 572 000)
Employee Costs(76 000)(146 000)(132 000)n/a
Surplus/(Deficit) for Year(1 722 000)(190 000)(1 645 000)(209 000)
 
CASH FLOW
Net Cash Flows from Operating Activities340 000(54 000)277 000243 000
Net Cash Flows from Investing Activities(274 000)(295 000)(58 000)(1 506 000)
Cash & Cash Equivalents at End of Year1 000--23 000
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure1 06411 0234 9341 741
Fruitless & Wasteful Expenditure36 4312 27361-
 
HUMAN RESOURCES
Posts Approved182175180n/a
Posts Filled147144146n/a
 
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


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@nationalgovernment.co.za so that we can correct them.
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