CHIEF EXECUTIVE’S OVERVIEW
As the new NRWDI CEO, I present our 2024/25 annual
report, showcasing our performance as we transition from
stabilisation to growth. The organisation is dedicated to
good governance and is now leading in the safe management
and disposal of radioactive waste to benefit public health,
the environment, and future generations.
OVERVIEW OF THE ORGANISATIONAL PERFORMANCE OF THE PUBLIC ENTITY
NRWDI’s main source of funding was received via DMRE grants for R47,916 million, reflecting a 5.09% decrease in support of National Treasury cuts. Estimated interest income of R2 million brought total budgeted revenue to R49,916 million. The entity maintained a zero-deficit, allocating R43,188 million to employee compensation and R6,728 million to other expenses.
Actual income included R3,23 million in interest, R1,109 from commissions and services, R56,051 in miscellaneous income, and R500 from asset sales. No mid-year budget adjustments were made. NRWDI sustained financial health, ending the year with R32,957 million in cash and equivalents, a cash turnover ratio of 1.55, and a liquidity ratio of 3.73. Net assets stood at R32,154 million.
The prior year’s surplus of R24,74 million was approved for rollover to fund the Enterprise Resource Planning (ERP) system, nuclear insurance, and design and environmental Impact Assessment specialists for the CISF project.