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Free State Development Corporation

Public Entity · Free State · reports to Free State Department of Economic Development and Tourism

Free State Development Corporation is a public entity in Free State, part of South Africa's provincial government, reporting to Free State Department of Economic Development and Tourism. This record lists 12 office bearers and 5 years of audited outcomes.

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Audit record, 5 years

2020/21
2021/22
2022/23
2023/24
2024/25
Qualified improving 0 of 5 audited years clean

Financial highlights, 2024/25

Total Revenue
R273m
Total Expenditure
−R339m
Surplus / Deficit
−R66m
Total Assets
R1.8bn
Total Liabilities
R1.7bn

Values in rand. Sparklines run oldest to newest and are scaled to each series, not to zero.

Leadership, 12 listed

Chairperson
Mr NH Masithela
Deputy Chairperson
Ms TV Tobias
Board Members
Dr JM Laubscher Mr S Mndawe Ms BF Nakedi Ms MJ Ntshingila Ms VF Ramela
CEO
Dr ME Mosola (Acting)
COO
Mr Thabang Taka
Company Secretary
Mr RJ Montshioa
Senior Management
Mr Peterson Molukanelo (Acting GM: Marketing Trade and Investment)
Communications Officers
Nnana Plaatjies