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Mangosuthu University of Technology Annual Report

57

Table 10.2: Gross Remuneration of Senior Management

Name

Office Held

2015

2014

R’000

R’000

Prof. M Kgaphola

Vice Chancellor & Principal

3 018

2 750#

Prof. M Ramogale

DVC Teaching and Learning

1 988

2 043#

Prof. K Ndlovu

DVC Resources and Planning

1 876

1 927#

Prof ZL Dlamini

DVC RIEP

1 768 †

-

MKO Zungu

Snr Director: Operations

1 060

1137 #

S Naidoo

Registrar: Academic

1 481

1 522#

LE Ndaki

Snr Director: Library

1 210

1 243#

ZG Ngidi

Director: Financial Services

1 134

1 071

R Bhagowat

Snr Director: Information

1 294 †

1 571#

JM Makua

Snr Director: TLDC

1 223

1408

EN Dube

Chief Financial Officer

1 507

1 548#

V Mthethwa

Executive Director VC’s Office

1 593

1 453†

Z Dlamini

Snr Director: Human Resources

1 436

1 436†

Deans:

Prof NJ Ndlazi

Natural Sciences

1 297 †

1 110 †

SJ Malinga

Engineering

1 297 †

1 207 †

G Govender

Management Sciences

1 297 †

1 130 †

T Mchunu

Student Affairs

1 074

940

† - Remuneration to these staff members has been annualised.

# - Includes a performance bonus payment

Other operating expenses

Other operating expenses amounted to R143.553 million

which is an increase of 9.3% from the 2014 expenses. The

major contributor to the increase is the provision for bad

debt which amounted to R13.720 million in 2015 compared

to R4.737 million in 2014.

Every effort is being made to contain costs but ensuring

that quality of teaching and learning is not compromised.

Specifically funded expenditure

Specifically funded expenditure is expenditure funded

by earmarked grants from the Department of Higher

Education and Training.

Student accommodation

Expenditure relating to student accommodation

amounted to R130.820 million and in 2014 it amounted to

R128.255 million which is a 2% increase. There was a slight

decrease in the number of beds from leased residences.

Total expenditure

Total expenditure amounted to R596.872 million which is

an increase of 5.2% from those of 2014.

Deficit

Deficit from Council controlled unrestricted operations

decreased from R8.209 million in 2014 to R1.413 million

in 2015.

Deficit from student accommodation decreased from

R7.865 in 2014 to R3.724 million in 2015.

Total deficit decreased from R16.074 million in 2014 to

R5.137 million in 2015.

Statement of financial position

Non-current assets

Property, plant and equipment increased from R329.432

million in 2014 to R409.637 million in 2015. The increase

is as a result of the construction of residences on campus.

The residences are funded by a DHET grant of R49.000

million and loans amounting to R106.200 million.