GDID ANNUAL REPORT 2024/25

Overview of the financial results of the Department:

PART

Departmental receipts

2024/2025 Actual Amount Collected

2023/2024 Actual Amount Collected

(Over)/ Under Collection

(Over)/ Under Collection

Departmental receipts

Estimate

Estimate

R’000

R’000

R’000

R’000

R’000

R’000

Sale of goods and services other than capital assets Sales: Scrap, waste, other goods Interest, dividends and rent on land

33 450

13 477

19 973 23 367

13 744

9 622

- - -

1 783

(1 783)

- - -

-

-

1

(1)

74

(74)

Sale of capital assets

20 421 (20 421)

9 401

(9 401)

Financial transactions in assets and liabilities

881

724

157

843

853

10

Total

34 331

34 623

(292)

24 210

24 072

156

The annual revenue target for the year 2024/25 was R34 million against actual revenue collected of R34 million. Included in the current year’s collection is R11,4 million from commercial and residential property rentals, R1,7 million from the sale of obsolete equipment and R20 million from the sale of non-core assets. This represents a collection of 100,3% of the overall projected revenue Revenue from the sale of goods and services consists of rentals from dwellings amounting to R10,2 million, rentals of open and closed covered parking amounting to R567 000 and R844 000 related to other revenue. Included in R10,2 million is R6,6 million that was collected from 75 commercial properties’ tenants, R686 000 from 169 residential properties tenants and the remaining balance of R2,9 million was paid by tenants whose lease agreements have expired and gate takings from Roodeplaat Nature Reserve. Commercial properties generated 54% of the intended revenue for the year and they have the potential to meet the yearly revenue target compared to 5,2% for residential properties. R1,7 million received from scrap, waste, other goods related to the sale of the prior year’s obsolete generators and other technical equipment for which payment was received in the current financial year. Interest received of R1 000 related to interest charged on staff debts.

Sale of ten properties at public auction and the R12 million in proceeds from the illicit sale of property, an excess of R20,4 million in income was collected. Exco’s determination to sell non-core assets provides the basis for residential property sales. Financial transactions amounting to R621 000 in assets and liabilities pertaining to recoverable revenue for expenses from the previous year. Under collection on sales of goods and services is due to the inability to afford rentals by the tenants, especially residential tenants. Some of the lease contracts have expired and the Department is in the process of renewing the lease contracts with tenants that are paying their invoices regularly. Both residential and commercial tenants who failed to meet their obligations were handed over to legal services for recovery and evictions. Additionally, the Department has, during the year, appointed a debt collector to improve recoverability of old debts and assist with the current year’s collection. The Department has developed a framework for leasing of vacant and underutilised properties. The facilities identified by the Department as available will be offered through open tender process.

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DEPARTMENT OF INFRASTRUCTURE DEVELOPMENT