HDA Annual Report

ANNUAL REPORT 2023/24

Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

4. Operating lease payable (continued)

KwaZulu-Natal The future minimum office lease payments, which escalate at 8% p.a. are as follows:

- - -

73 73

Not later than 1 year

Later than 1 year but not later than 5 years

-

The KZN lease agreement expired in January 2024

Limpopo The future minimum office lease payments, which escalate at 0% p.a. are as follows:

4 161 1 513 2 648

- - -

Not later than 1 year

Later than 1 year but not later than 5 years

Northern Cape The future minimum office lease payments, which escalate at 10% p.a. are as follows:

1 602 1 192

2 684 1 083 1 601

Not later than 1 year

Later than 1 year but not later than 5 years

410

North West The future minimum office lease payments, which escalate at 10% p.a. are as follows:

329 329

1 613 1 284

Not later than 1 year

Later than 1 year but not later than 5 years

-

329

44 526

11 814

Lease terms and conditions per office

Expiry date Lease term

Eastern Cape - East London

31-03-2026 31-12-2024 30-11-2028

5 years 5 years 5 years

Free State Gauteng Limpopo

31-12-2026 3.4 years

Northern Cape

31-07-2025

4 years

North West

30-06-2024 3 years

129