HDA Annual Report

ANNUAL REPORT 2023/24 Chairperson’s Statement

performance. The HDA has successfully navigated the challenges of being placed under administration to achieve an unqualified audit opinion for two consecutive financial years, including the current and previous years. The Agency has undertaken strategic property acquisitions that will be developed in line with its role as a property developer, fulfilling its legislative mandate while crowding-in private sector investments. The adoption and implementation of six strategic pillars by the HDA’s executives have yielded positive outcomes in the agency’s turnaround, enhancing governance, workforce, structure, processes, systems, and perception management. The HDA remains steadfast in its mission and is in the process of developing a funding model that aligns with both its primary and secondary mandates. Furthermore, the Agency continues to strengthen its relationships with partners and stakeholders across all levels of government to ensure the provision of essential support. The support provided includes land assembly, site servicing, delivery of top structures, and programme management of the informal settlements upgrading.

As the Housing Development Agency (HDA) approaches the conclusion of the 2019-2024 Medium-Term Strategic Framework (MTSF), we have made significant progress in driving continuous improvement in both the financial and non-financial performance of the entity. This progress is highlighted by our achievement of an unqualified audit with findings for the 2023/24 financial year, which shows improvement over the previous year’s audit results. To date, the HDA has successfully acquired or released 12,151.5472 hectares of land for human settlements and rezoned 6,597.86 hectares for development purposes, positioning the Agency advantageously to expedite housing delivery to beneficiaries. We are well on the way to becoming the public sector developer of choice providing integrated, sustainable human settlements and security of tenure. The HDA remains committed to its mandate, as established by the Housing Development Agency Act No. 23 of 2008, which includes land acquisition and assembly, project management support, and housing development services. During my tenure, the Board has effectively stabilised the leadership and strategic direction of the executive management at the HDA through the appointment of essential executive roles, resulting in significant enhancements in the Agency’s organisational

We are well on the way to becoming the public sector developer of choice providing integrated, sustainable human settlements and security of tenure.

During the year under review, the HDA has successfully continued its organisational stability by obtaining an unqualified audit opinion for the second consecutive year from the Office of the Auditor-General. The turnaround strategy, led by the CEO in collaboration with the Audit and Risk Committee, has significantly enhanced the integrity and reliability of the Agency’s controls.

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