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HomeCompany NewsELIDZ receives unqualified audit opinion for the eighth year in a row

ELIDZ receives unqualified audit opinion for the eighth year in a row

This exceptional performance reaffirms the organisation’s unwavering dedication to ethical conduct and impeccable governance.

The East London Industrial Development Zone SOC Ltd (ELIDZ) proudly maintains its exceptional record, securing yet another unqualified audit opinion for the 2022-23 financial year from the Auditor General of South Africa.

This outstanding achievement marks the eighth consecutive year of attaining a clean audit status, which is a testament to the ELIDZ’s commitment to transparent financial practices and effective governance.

Throughout this period, the ELIDZ consistently avoided significant findings in its annual financial statements, performance management results, and legislative compliance matters. This achievement also reflects the ELIDZ’s commitment to zero irregular, unauthorised, fruitless, and wasteful expenditure.

In celebrating this remarkable milestone, Prof Mlungisi Makalima, Chairperson of the Board, extended heartfelt congratulations to Executive Management and the entire ELIDZ team.

“This accomplishment is a tribute to the unwavering dedication, competence, and tireless efforts of each member within our organisation. Your collective commitment to professionalism, excellence, and hard work has been pivotal in reaching this milestone. Our ability to sustain this level of consistent excellence underscores our capacity to fulfil our mandate, exceed stakeholder expectations, and maintain a foundation of trust,” Prof Makalima remarked.

Comprehensive control measures have been consistently implemented to ensure the maintenance of standards. ELIDZ takes immense pride in delivering a series of credible and transparent outcomes. This exceptional performance reaffirms the organisation’s unwavering dedication to ethical conduct and impeccable governance.

“As we commemorate this achievement, let us remember that this success is not an endpoint, but rather a stepping stone towards elevating our organisation to even greater heights. Despite any challenges that may lie ahead, I hold firm in my confidence that ELIDZ will continue to set new benchmarks and make enduring positive impacts on the lives of those we serve,” Prof Makalima affirmed.

“In achieving eight consecutive years of unqualified audit opinions, we reaffirm our commitment to sound financial management and transparent practices. This accomplishment reflects the concerted efforts of our dedicated team and underscores our responsibility to steward the resources entrusted to us,” Mr Gift Matengambiri, Chief Financial Officer at ELIDZ concluded.

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