1. Annual Report 2011/12

2. Vision, Mission, Values (2011/12) Operational Highlights
CONTENTS
Vision, Mission, Values (2011/12)
Operational Highlights
Strategic Objectives
Corporate Governance
Organogram
Annual Financial Statements
SHRA Annual Report

3. Mandate, Vision, Mission
To invest in social housing and be able to regulate the sector
Vision
Affordable rental homes in integrated urban environments through sustainable institutions
Mission
The SHRA will regulate and invest to deliver affordable rental homes and renew communities
SHRA Annual Report

4. Operational Highlights
Annual Financial Statements
SHRA has now produced its first full set of Annual Financial Statements. An unqualified audit opinion was expressed by the external auditor.
SHRA Strategic Plan
The Strategic Plan was approved by DHS and signed off for implementation by the Minister. This was supported by the Annual Performance Plans which were also approved.
Snapshot of Performance
• Operational office infrastructure in place
• Accreditation of 18 SHI’s (17 Conditional and 1 full, 8 declines)
• Monitoring of 18 SHI’s
• Capital Investment yielding units
• 19 Intervention grants
SHRA Annual Report

5. Strategic Objectives
SHRA Annual Report

6. Operational Highlights
Stakeholder Management
The following agreements have been signed as per the Social Housing Act during the year under review
o North West : signed
o Free State: signed
o Eastern Cape: signed
o KZN: signed
o Limpopo: draft
o Mpumalanga: draft
o Gauteng: draft
o Northern Cape: draft
o Western Cape: draft
Funders:-
o NHFC : signed
o DBSA: draft
o DIGH: draft
o AFD
Nasho: draft
Nurcha: draft
SHRA Annual Report

7. Corporate Governance
SHRA Annual Report

8. Organogram
SHRA Annual Report

9. SHRA Annual Report

10. SHRA Annual Report

11. SHRA Annual Report

12. SHRA Annual Report

13. Emphasis of Matter
Emphasis Item
Issue
Restatement of Corresponding Figures
Accounting Entry – closing/opening balance – interpretation
Reportable Irregularity
Treatment of Personal Service provider as company (tax deductions not effected)
Pre-determined Objectives
Did not follow SMART principals
Supply Chain Management
Policies, procedures and manager not in place
Irregular Expenditure
R1,8m incurred due to not obtaining 3 quotes
Risk Management
Policy, procedure and framework not in place
SHRA was in start-up phase with only the basic policies, procedures and staff in place, whilst it had to start delivery immediately
SHRA Annual Report

14. Emphasis of Matter Emphasis Item Issue Action
Restatement of Corresponding Figures
Accounting Entry – closing/opening balance – interpretation
None required
Reportable Irregularity
Treatment of Personal Service provider as company (tax deductions not effected)
SARS engaged – case number obtained – PSP to declare this to SARS
PSP resigned in 2012/13
Pre-determined Objectives
Did not follow SMART principles
Performance Objectives refreshed in line with SMART principles
Internal Audit review
Supply Chain Management
Policies, procedures and manager not in place
Manager appointed
Policy and processes applied
Training for staff
Irregular Expenditure
R1,8m incurred due to not obtaining 3 quotes
Relates to Supply Chain Management
Risk Management
Policy, procedure and framework not in place
Framework, policy and procedure in place
Plan to appoint Management Accountant / Risk Officer
SHRA Annual Report