Accounting Officer’s Statement of Responsibility for Annual Financial Statements

Statement of responsibility for the Annual Financial Statements for the year ended 31 March 2013

The Accounting Authority is responsible for the preparation of the IDC’s annual financial statements and for the judgements made in this information.

The Accounting Authority is responsible for establishing, and implementing a system of internal control designed to provide reasonable assurance as to the integrity and reliability of the annual financial statements.

In my opinion, the financial statements fairly reflect the operations of the IDC for the financial year ended 31 March 2013.

The external auditors are engaged to express an independent opinion on the annual financial statements of the IDC.

The IDC’s annual financial statements for the year ended 31 March 2013 have been audited by the external auditors and their report is presented here.

The annual financial statements of the IDC set out here, have been approved by the IDC Board of directors.

MG Qhena
Chief Executive Officer

27 June 2013

Coega Dairy Holdings

The IDC has identified increased competition in the dairy value chain and import substitution in the cheese industry as key sector development goals. We also singled out the need for increased farmer (and specifically B-BBEE) participation in dairy value-adding initiatives.

Windtown Lagoon Resort 

The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.

R13.1 billion
R16.0 billion
18 922
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa