HDA Annual Report

ANNUAL REPORT 2023/24

Notes to the Annual Financial Statements

Restated 2023

Figures in R’000

2024

23. Related party transactions (continued)

During the year, the HDA entered into the following transactions with:

Amounts owed by the related party at year-end

Operational grant received

Conditional grant received

2024

2023 2024

2023 2024

2023

Department of Human Settlements Social Housing Regulatory Authority

243 649 242 716

- -

- -

-

-

855

876

-

-

Department of Human Settlements The HDA is established by an Act of Parliament in 2008 and is funded and accountable to the National Department of Human Settlements. Social Housing Regulatory Authority The agency is holding land on behalf of SHRA for social-housing development for release in accordance to SHRA directive.

24. Executive and senior management remuneration

2024

Risk benefits & Co.

Pension/ provident fund

Executive members

Basic salary

Total cost

Total expenditure

contr Allowances Bonus

Mr Khenisa B - Chief Executive Officer Ms Masemola J - Chief Financial Office

2 916

324 3 240

72

22

-

3 334

2 398

266 2 664

58

22

-

2 744

Total executive management remuneration

-

6 078

5 314

590 5 904 130

44

141