1. Briefing by RHLF on Annual Report 2010
BRIEFING ON THE RHLF ANNUAL REPORT 2010
TO THE
PARLIAMENTARY PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS
15 October 2010
Cape Town
Presented by:
Jabulani Fakazi
CEO
TO THE
PARLIAMENTARY PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS
15 October 2010
Cape Town
Presented by:
Jabulani Fakazi & Hennie Potgieter

2. Outline Key points Business Environment
Impact performance 31 March 2010
Financial performance year ending 31 March 2010

3. Annual Report 2010 Key points
Unqualified Audit Report from External Auditors – since inception
Internal Auditors found control environment acceptable and adequate
RHLF complied with all legislative and regulatory provisions
RHLF reported a surplus of R28,9 million
RHLF achieved most of its impact targets

4. Annual Report 2010 Business Environment
South Africa officially entered recession during May 2009, its first in 17 years,
High level of job losses – the estimate of job losses in 2009 calendar year was about 1 million jobs,
Over indebtedness. It is estimated that household debt represents on average between 70% and 80% of their disposable income,
Liquidity crunch was a major challenge in that RHLF intermediaries were finding it difficult to raise finance from the private financial institutions

5. Impact performance 31 March 2010: No. of loans
Target for 2010: 37,400
Achieved: 33,112
Average Loan size R 4,866

6. Impact performance 31 March 2010

7. Impact performance 31 March 2010
68%
70%
Target for 2010: 78% for “Housing”
Achieved: 84%
That = 27,814 of the new loans was used for “housing”

8. Impact performance 31 March 2010
Large number of small loans Ave below R2000
Target for 2010: 20% to households earning R6000 or more pm
Achieved: 21% to households earning R6000 or more pm
Target for 2010: 65% to households earning R3500 or less pm
Achieved: 62% to households earning R3500 or less pm

9. Impact performance 31 March 2010
68%

10. Impact performance 31 March 2010: Provincial Distribution
Target for 2010: 80% outside Gauteng
Achieved : 88% outside Gauteng

11. Impact performance 31 March 2010

12. Impact performance 31 March 2010
RHLF Development Impact in Presidential Rural Nodes

13. Financial performance year ending 31 March 2010
Cumulative Disbursements since 1996 = R739 million

14. Financial performance year ending 31 March 2010
Key Performance – Actual vs. Budget

15. Financial performance year ending 31 March 2010

16. Financial performance year ending 31 March 2010

17. Financial performance year ending 31 March 2010

18. Financial performance year ending 31 March 2010
Target for 2010: R9,879m
Achieved: R11,164m
Surplus including profit on disposal of Investment = R29,719m

19. Annual Report 2010
Thank You