Page 135 - TKZN Annual Report 2023/2024

KWAZULU-NATAL TOURISM AUTHORITY
Trading as Tourism KwaZulu-Natal
Annual Financial Statements for the year ended 31 March 2024
Notes to the Annual Financial Statements
22. Related parties
The below table relates to the contingent liability of Suprlus funds not surrendered:
Figures in Rand
2024 R ‘000
2023 R ‘000
Relationships
Executive directors/management Non executive directors/management Executive Authority
Shareholder /Controlling department Accounting officer of the shareholder
Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder Entity with common shareholder
Related party transactions Rent paid to related parties
Ithala Development Finance Corporation
Funds received from related parties
Trade and Investment KZN KZN Flim Commision
KZN Gambling Board
Funds received from shareholder
Discretional grants Non-discretional grant (projects)
Refer to directors remuneration note 23 Refer to directors remuneration note 23
KZN Department of Economic Development, Tourism and Environmental Affairs MEC:
Mr. Siboniso Duma
KZN Department of Economic Development, Tourism and Environmental Affairs
KZN Department of Economic Development, Tourism and Environmental Affairs Acting HOD: Dr. Thandeka Ellenson
Moses Kotane Institute
Richards Bay Industrial Development Zone KZN Growth Fund
KZN Liquor Authority
KZN Gambling Board
Trade and Investment KZN
KZN Film Commission
Ithala Development Finance Corporation Limited Ezemvelo KZN Wildlife
KZN Sharks Board
Dube Tradeport
5 849
7 639
-
500
1000
-
-
500
151 490
144 008
23 754
34 863
Services received in-kind from related parties (Executive remuneration)
Secondmend of ACFO from Ithala Secondmend of ACEO from EDTEA
Compensation to members of the Board and Executive management
Directors remuneration Executive management
760
-
890
-
3 376
3 247
5 373
5 791
9 011
9 164
TOURISM KWAZULU-NATAL ANNUAL REPORT 2023/2024 133