Umsobomvu Youth Fund Annual Report 2006 - Nyda

COMPANYShort-term Providentemployee fund conbenefitstributions 13 Total Total2006 2006 2006 2005Rand Rand Rand Rand21 Related parties (continued)Other key Management personnelExecutive and senior Management reportingdirectly to the Chief Executive Officer:Chief Financial Officer 745 441 116 504 861 945 659 005Divisional DirectorsProcess Cycle Management 563 799 29 597 593 396 423 243Business Development Services 581 951 30 444 612 395 586 074Programmes (resigned March 2005) – – – 423 243Communications (appointed October 2005) 396 474 9 764 406 238 –Entrepreneurship Finance(promoted 1 March 2006) 999 113 – 999 113 –Capacity Building and Research 534 695 55 033 589 728 561 875Skills Development and Transfer(Acting; Promoted August 2005) 413 237 24 020 495 437 –Skills Development and Transfer(Promoted July 2005, seconded toOffice of the State Presidency) 467 647 27 830 491 667 525 600Contact Information and Counselling(Promoted July 2005) 520 628 27 452 548 080 503 457Human Resources (Appointed May 2005) 514 532 – 514 532 –Project Manager – Office of the CEO 603 921 – 603 921 581 251Communications Officer (now reports toDivisional Director: Communications) – – – 293 78913 Employees elect to contribute 6%, 12% or 18% of annual pensionable earnings to a defined contribution provident fund.Umsobomvu Youth Fund 2006 Financial Statements75