BRIDGE CITY MANAGEMENT ASSOCIATION (RF) NON-PROFIT COMPANY
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BRIDGE CITY MANAGEMENT ASSOCIATION (RF)
NON-PROFIT COMPANY
Registration No. 2007/027692/08
Annual Report
For the year ended 28 February 2020
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 1 of 15
Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Contents
Pages
Notice of Meeting 3
Directors Nomination Form 4
Form of Proxy 5
Meeting Agenda 6
The Chairman’s Annual Review 7
Minutes of Previous Annual General Meeting held on 28 August 2019 Appendix 1
Matters Arising from the Previous AGM – Action Log Appendix 2
Auditors Report and Annual Financial Statement Appendix 3
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 2 of 15
Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Notice of Meeting
Notice is hereby given that the Annual General Meeting of the Members of the Bridge City Management Association
(RF) NPC (“the Association”) will be held at the offices via Microsoft Teams on Thursday, 20 August 2020 at 14h00
for the following purposes:
1. To receive and adopt the audited annual financial statements for the year ended 29 February 2020 which
incorporates the Chairman’s report to members, and the report of the independent auditors.
2. To re-appointment Stuart Edwards & Co as the auditors of the Association.
3. To elect directors in terms of Article 5.3 of the Memorandum of Incorporation.
The Board shall comprise not less than four nor more than ten directors during the Development period, 4
of whom shall be nominees of the Developer. It would facilitate secretarial procedures if nominations for
the appointment of Directors could be received no later than 12 August 2020:
• By Post to the Bridge City Management Association, c/o UrbanMGT, P.O. Box 867, uMhlanga Rocks
• By Hand to Bridge City Management Association, 1st Floor Bridge City Medical Centre, 8 Nogwaja
Road
• By email to nwabisa@urbanmgt.co.za
Nominations must be in writing with the name of the proposer and seconder, the acceptance of such
nomination by the nominee, and should be accompanied by the curriculum vitae of such nominee.
4. To transact such other business as may be transacted at an annual general meeting.
NOTE:
Any member entitled to attend and vote is entitled to appoint a proxy to attend, vote and speak in his/her
stead, and such proxy need not also be a member of the Company. A proxy form is enclosed for this purpose.
Items for discussion under any agenda item should be advised to the Chair Bridge City Management
Association C/O BCMA Offices, 1st Floor Bridge City Medical Centre, 8 Nogwaja Road or emailed to
nwabisa@urbanmgt.co.za by no later than the 12 August 2020. Please note that such notification must be in
writing.
In terms of clause 14.12 of the Memorandum of Incorporation, any member who is 60 (sixty) days or more in
arrears in the payment of any levies due to the Association in terms of the MOI, shall not be allowed to vote at
the meeting, either in person or by proxy By order of the Board
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 3 of 15Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Directors Nomination Form for the Annual General Meeting of 20 August 2020
I, the undersigned: …………………………………………………………………………………………………………………..
duly authorised representative of: …………………………………………………………………………………………..
being a fully paid up member of the Association and registered owner of Ptn: ……………………....
in the area known as BRIDGE CITY, hereby nominate for appointment as Director of the Association:
…………………………………………………………………………………………………………………………………………….....
__________________________ ___________________________
Proposer’s signature Nominee’s signature
Directors Nomination Forms & Proxy forms should be delivered to Bridge City Management
Association by 12 August 2020:
By Post: c/o UrbanMGT, P.O. Box 867, uMhlanga Rocks;
By Hand c/o BCMA Offices, 1st Floor Bridge City Medical Centre, 8 Nogwaja Road; or
By email to nwabisa@urbanmgt.co.za
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 4 of 15Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Form of Proxy
I, the undersigned.……………………………………………………………………………………………………………………….
duly authorised as representative of…………………………………………………………………………………………….
being a fully paid up member of the Association and registered owner of Ptn No: ……………………….
in the area known as BRIDGE CITY, hereby appoint:
…………………………………………………………………............ (Name of Proxy)
Or, failing him/her, the Chairman of the meeting, as my proxy to vote for me and on my behalf at the Annual General
Meeting of the Association to be held on 20 August 2020.
I record that my proxy will vote as he/she thinks fit.
Signed at: ……………………………………………………. this……………. day of..……………………………………2020.
Signature: ……………………………………………………………………………
FOR AND BEHALF OF: …………………………………………………………………………………………………………………
Directors Nomination Forms & Proxy forms should be delivered to Bridge City Management
Association by 12 August 2020:
By Post: c/o UrbanMGT, P.O. Box 867, uMhlanga Rocks;
By Hand c/o BCMA Offices, 1st Floor Bridge City Medical Centre, 8 Nogwaja Road; or
By email to nwabisa@urbanmgt.co.za
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 5 of 15Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Agenda
1. Welcome
2. Apologies
3. Notice of meeting and quorum
The quorum required for the Annual General Meeting is 15% of the voting rights entitled to vote, personally
present, or by its duly authorized representative – subject to a minimum of 3 members, with 1 member from the
Developer during the Development Period.
4. Update on Tongaat Hulett Developments
5. To adopt the Minutes of the Annual General Meeting held on 28 August 2019.
6. Matters arising from the previous Annual General Meeting minutes
7. Chairman’s Report to be presented
8. Resolution 1: To receive and adopt the annual financial statements for the year ended 28 February 2020,
which incorporates the Chairman’s report to members, and the report of the independent
auditors.
9. Resolution 2: To re-appoint Stuart Edwards & Co as the auditors of the Company.
10. Resolution 3: To elect Directors for the ensuing year.
The following directors will be available for re-election: Mtura Matshini, Desmond
Pretorius, Simphiwe Marcus Maphumulo, Mbongiseni Godswill Gcaba, Yusuf Patel and
Siyabonga Desmond Hlengwa.
11. General
12. Close of Meeting
By order of the Board
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 6 of 15Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Chair’s Annual Review
1. Overview
Welcome to this, your Management Association’s 12thAnnual General Meeting, and thanks to those members or
their proxies for attending the meeting. Thanks also to our Management Team for their assistance in preparation of
this comprehensive report which covers the financial year ended 29 February 2020.
The purpose of the Bridge City Management Association (BCMA) is, through the Board of Directors, to protect and
advance the interests of Association members’ immovable property in Bridge City, in the areas of public security,
essential services, landscape maintenance, general maintenance, cleanliness, amenities, design review, general
administration and to enhance the viability and success of Bridge City as a whole.
The year so far has certainly been a challenging one with the Lockdown due to COVID 19 and has had far
reaching economic consequences. The BCMA however has remained active, even during the strictest regulations of
levels 4 and 5 of the lockdown, to ensure that the highest mandate of the Association which is the protection of
member’s investments within the precinct was maintained.
While most areas experienced deserted streets, empty public spaces and an eerie silence during the nationwide hard
lockdown - Bridge City experienced ongoing foot and vehicular traffic and required an agile precinct management
solution to keep the area clean and safe in spite of reduced services.
The primary management objectives during COVID-19 was to:
• Ensure precincts members, residents, and business properties, were always protected by ensuring safe,
crimefree public areas and an integrated security approach. This approach was driven by our Precinct
Management Team who performance managed the on-ground MA security personnel and integrated their
efforts with private property security within the precinct, and those of the authorities.
• Ensure that the Precinct was optimally managed, clean, and well maintained throughout the lockdown
period to a set of defined standards and ensure that perceptions were maintained. This included reporting
Municipal service requirements such as faulty streetlights, and sewer blockages with follow ups until
repaired.
• Communicate, on a range of platforms, the above services to members, residents, businesses, stakeholders,
and the market at large. The message being proactive and positive, and ensuring that Bridge City was ready
and prepared for post lockdown recovery.
Below is a list of the practical steps the Management Team took during lock down to ensure the precinct continued
to function effectively:
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 7 of 15• Management structures
o The management company, UrbanMGT, are the services backbone underpinning the precincts
sustainability and, support the on-ground precinct managers, decentralised by setting up the
Microsoft Teams software platform to ensure continuation of work streams, communications, and
meetings, not only within the management team, but with all stakeholders including Boards of
Directors – functions included: finance, governance, communication and engagement with the
authorities which had never been more important. Remote, non-operational management staff,
even under quarantine, continued to effectively provide the required services and support to their
precincts.
o All precinct documentation had previously been transitioned to a Microsoft cloud server, which
allowed for easy and safe access through Microsoft SharePoint.
• Precinct Managers
o All operational functions continued to operate, including service and fault reporting, and follow ups
to Municipality
o Precinct managers inspected the precinct twice daily under levels 4 and 5 of the lock down, and
ensured the safeguarding, cleaning and greening of the precinct were maintained even if on a
reduced resourcing, until such time as full services were permitted
o All Precinct Managers utilised the Microsoft Teams and SharePoint platforms to allow interactive
communication with support services and service providers
o Practiced social distancing and diligent hygiene
o All meetings were conducted online unless in an absolute emergency, where the meeting was held
outdoors
o Precinct service providers were briefed on expected ops procedures to mitigate COVID-19 and
continued to work closely with precinct managers to ensure optimal service levels given the status
quo.
o Precinct Managers downloaded the TeamViewer Quick Support app onto all cell phones utilising the
Incident Desk Take Action reporting application. This was to allow remote support should the app
stop functioning.
• Board governance - it was essential that good governance continued unabated, which meant:
o Day to day functions continued uninterrupted
o To ensure board meeting continuity, performance oversight and rigour in board decision making, the
management team introduced the aforementioned Microsoft Teams platform for board meetings in
this regard:
Teams is an interactive video platform which allows live presentation of meetings, recording
and transcription – it is based on Microsoft 365, however can be accessed from any device
from a link which was included in the meeting request
IT Works (IT service provider) contacted Directors that needed assistance to set up Teams on
their computer and/or phones.
• Financial Management - it was also essential that the financial management of the Precinct continued
unabated, and the management team:
o Drove a proactive COVID budget containment process with the precinct board, including scenario
planning, levy arrears, recovery forecasting, and, cost containment which required review of service
scope and level, implementation of associated savings interventions, and associated negotiations
with service providers.
o Maintaining monthly creditor payments and weekly debtor tracking
o Updating of monthly cashflow analysis to ensure business continuity.
• Risk Matrix - The Management continues to interrogate the precinct Risk Management Framework
• Public /Education
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 8 of 15o The Management Team provided the public, through our social media and communications
platforms, with up-to-date information on COVID-19, through the National Health Department’s
resource portal or other useful helplines, and
o Conducted public and business surveys to understand the needs of our members and those living
and loving our precinct and
https://bridgecity.org.za/site/bcma-business-impact-survey/
o Collated and circulated recommended COVID-19 Protocols for businesses to consider with a
supporting Toolkit for easy implementation.
https://bridgecity.org.za/site/suggested-workplace-protection-protocols/
In these uncertain times it was agreed that the best way forward was to ensure that health guidelines provided by
Government were followed by our Precinct Management Team. As such, utmost care and attention was placed on
sanitisation, self-isolation if ill or vulnerable and maintaining minimum contact with people as far as possible and in
line with the changing regulations.
All service providers and the management team should be commended for their service and commitment to the
precinct during this time.
2. Update on Tongaat Hulett Developments (THD)
Subsequent to the institutional changes within THD that were presented by Bongani Gumede at the meeting held in
August 2019; UrbanMGT on behalf of the BCMA Board of Directors and members continue following up on the
continuity and the future role of the Effingham Development Joint Venture (EDJV) in relation to THD’S continued
partnership with the City in the EDJV in the Bridge City Development; no feedback has been received thus far. THD
still continues managing all development related issues and are still representatives on the BCMA Board. Feedback
or updates will be provided as and when available.
3. Board of Directors for the Reporting Period
The Board of Directors for the period was as below:
Name Representing
Desmond Pretorius (Chair) Capital Land
Mtura Matshini Tongaat Hulett Developments
Simphiwe Marcus Maphumulo Tongaat Hulett Developments (Garlicke & Bousfield)
Yusuf Patel Dipco
Bongi Gcaba KZN Department of Health
Siyabonga Hlengwa Hlengwa/Zulu Investments
4. Finance and Auditor
• Eris Property Group are the appointed accounts administrator for the Association.
• Stuart Edwards and Company has served as Auditors for this period and have produced the financial
statements for the year ending 29 February 2020.
It must be noted that the Section 139(2) of the Companies Act, 2013 requires that all listed companies and
certain categories of unlisted companies should mandatorily rotate their auditors, in accordance with the
following:
o an individual as auditor for no more than one term of five consecutive years; and
o an audit firm as auditor for no more than two terms of five consecutive years.
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 9 of 15Due to the BCMA being considered a public interest entity and the Board’s ongoing endeavour to be the
custodian of good governance for the Association, the Board has committed to meeting the above
requirements. Stuart Edwards and Company is currently on its 5th consecutive year of appointment, with
Stuart Edwards being the audit partner. A rotation of an audit partner has been discussed and agreed with
Stuart Edwards for the next audit cycle and the rotation shall be ratified at the Annual General Meeting.
5. Top Structure Development
Status Number Total Bulk in M2
Complete 4 141 062
Under Construction 3 (not including BRT) 99 435
Awaiting Construction 3 42 016
Plans Passed 1 16 598
New sales (Finalised & Transferred) 2 16 598
• The Private Hospital (Ptns 30, 31 & 32) - There has been no activity on the site since the site handover in
February 2019. An enquiry on the status of the development was sent on behalf of the BCMA, and the
property owner, Naldonite, advised that the development has been delayed due to regulatory issues and
could not indicate on the new expected start or completion date. Naldonite have furthermore indicated the
potential sale of the site should it receive offer from a viable purchaser.
• Dr Pixley Ka Isaka Seme Memorial Hospital (Erf 3) - Final landscaping plans received approval by the Design
Review Panel (DRP) in December 2019. The anticipated opening date of November 2019 was revised to the
end of July 2020.
https://bridgecity.org.za/site/video-cyril-ramaphosa-visits-dr-pixley-ka-isaka-seme-memorial-hospital/
https://bridgecity.org.za/site/president-cyril-ramaphosa-to-visit-dr-pixley-isaka-seme-provincial-hospital-
today/
• Hlengwa & Zulu Investments (Ptn 151) - Further to minor development snags being completed, the DRP will
issue Final Development Approval.
• Hlengwa & Zulu (Ptn 150) - are attempting to obtain Provincial and Local Authority (eThekwini Municipality)
(eTM)) buy-in for a One-Stop-Shop at Ptn 150, where all municipal services can be procured in one place.
• Bellagio (Ptn 123) – Construction has not yet commenced.
• Calgro M3 (Ptn 159) – Site handover has been scheduled for the 31 July 2020, with expected date of start of
the construction being the 2nd of August 2020.
• Instratin (Ptns 50 – 54) – transfers for the sites were concluded on 14 July 2020. BCMA is in contact with
Instratin to arrange a site handover and get expected construction start date.
• Further enquiries on remaining vacant sites are being received by THP.
6. Design Review / Aesthetics
• Crowie Residential – Ptn 121 - a conceptual design meeting was held on 23 June 2020. They are currently
holding meetings with the eThekwini Transport Authority (ETA) to discuss the intermodal public transport
facility and relocation of taxis from the roof top of the Bridge City Shopping Centre.
• Portion 5/5 - DRP session was held on 5 March 2020 for a proposed process plant.
• Portion 131 of ERF 8 – DRP sessions were held on 5 March and 20 June 2020, with Conceptual Design Plans
approved for submission to eThekwini Municipality for their review and approval for a proposed warehouse
and storage facility, with transfers of sites taking place parallel with the DRP processes.
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 10 of 157. Precinct Update
• Bridge City Shopping Centre continues to attract an array of new tenants with new shops opening for trading
during the reporting period. The Centre continues to trade successfully, with the ever-increasing number of
customers and visitors to the area.
https://bridgecity.org.za/site/new-tenant-in-bridge-city-shopping-centre/
https://bridgecity.org.za/site/new-stores-for-bridge-city/
• Prior to lockdown there were 54 trains per day operating to and from the Bridge City Station (27 in and 27
out). Due to operational constraints, Metrorail was running a shuttle between Bridge City and Duffs road.
Peak intervals were maintained at 30 minutes, with off-peak at hourly intervals. Foot traffic through the
station was recorded at an average of 400 people per day, constituting about 800 trips (boarding’s and
alighting’s). This is far below the capacity provided for, and it is anticipated that numbers will increase when
the IRPTN (Go! Durban) feeder routes come into operation, which as the name implies will feed the train
station with passengers via bus services from surrounding areas. Currently, due to lockdown, the operations
have been put on hold.
• The BP filling station with a convenience store as well as a Wild Bean Cafè on the 3rd of July 2019 opened its
doors for trading. This was followed by the official opening on Thursday the 8th of August. Representatives
from BP, the National Empowerment Fund (NEF) and Tongaat Hulett personnel who were involved with the
project from inception were also in attendance. https://bridgecity.org.za/site/ready-to-pump/
https://bridgecity.org.za/site/official-opening-of-bridge-city-bp-filling-station/
• The Uzalo production crew, during the reporting period, came to shoot footage for the series at various
locations within the precinct. Uzalo, a mini-series screened daily on SABC 1, is set in the KwaMashu area, and
it is wonderful to see the area being showcased on a popular national TV show.
https://bridgecity.org.za/site/uzalo-filmed-in-bridge-city/
8. Safeguarding
• This remains a top priority for the BCMA. The precinct’s 13 CCTV cameras, monitored 24/7 by the precinct’s
control room, continue being beneficial in crime reduction and prevention as they allow for proactive
guarding and faster response times. Furthermore, the cameras assist SAPS Detectives working on cases of
incidents taking place within the precinct by using the control room for footage viewing and information
gathering to prepare for cases. Via the CCTV camera system, when camera operators observe any suspected
or in progress illegal or antisocial activities, the dedicated reaction vehicle, manned permanently by 2 armed
officers is deployed to attend accordingly. The 24/7 contact number for the control room is 087 150 3928.
• During the reporting period, the BCMA security team received its new reaction vehicle as the time had come
for a replacement. The team received the larger spec 1 Tonne bakkie, from the previous ½ Tonne spec which
also came with improved branding and is better equipped to tackle the various terrains within its patrol
cycles. It is also highly visible and has become a notable presence in securing Bridge City. In addition, the
security team also received body worn cameras which have aided in evidence collection and will ensure the
safety of the members on the ground.
https://bridgecity.org.za/site/the-bcma-security-team-gets-equipped/
https://bridgecity.org.za/site/cctv-cameras-alert-bcma-to-a-chase-between-law-enforcement-and-cable-
thieves/
https://bridgecity.org.za/site/bcma-cctv-footage-helps-nab-car-radio-thief/
https://bridgecity.org.za/site/festive-season-safety-awareness/
https://bridgecity.org.za/site/spotted-in-the-precinct/
https://bridgecity.org.za/site/record-taking-in-bridge-city/
• The quarterly safety / security forums have been reinstated. Attendance has improved with private
businesses; Metro & SAPS being represented at these meetings.
• SAPS attend to call outs to the area as and when required.
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 11 of 159. Landscaping and Maintenance
• The greening and maintenance of Bridge City continues, with collective effort and constant attention.
• Assisting the BCMA to deliver on the required landscaping standards is Green Africa Landscaping, whose
service delivery includes the daily removal of litter; sweeping of roads and pavements; grass cutting and
verge maintenance, as well as fixing damaged road signs. https://bridgecity.org.za/site/street-name-plates-
fixed-in-bridge-city/
• Green Africa continues to maintain and clean the vacant sites in the area as appointed by the EDJV.
https://bridgecity.org.za/site/a-serious-grass-cutting-exercise/
• The BCMA Board, at the Board meeting held on 1 October 2019, approved the appointment of a Landscape
Architect to prepare a Landscaping Master Philosophy for the Precinct. Bernice Rumble of Land Art Studio
was appointed and has prepared a plan / philosophy that was presented at the Board meeting to be held on
30 June 2020 for the Directors to consider. Projects identified will be revisited later in the year in order to
obtain a clearer view of any further financial impact from COVID-19.
• Road maintenance is undertaken by eTM, with daily street sweeping being carried out by DSW and Green
Africa supplementing the municipal service.
• eTM continues to maintain the streetlights as and when required, with the light fittings being supplied by the
BCMA. Other services such as storm water, sewerage and electricity are maintained by eTM.
See below landscaping and maintenance news stories:
https://bridgecity.org.za/site/green-africa-works-wonders-in-bridge-city/
https://bridgecity.org.za/site/street-name-plates-fixed-in-bridge-city/
https://bridgecity.org.za/site/tending-to-the-m25-bank/
https://bridgecity.org.za/site/small-initiatives-make-a-difference/
https://bridgecity.org.za/site/grass-trimmed/
https://bridgecity.org.za/site/green-africa-projects/
https://bridgecity.org.za/site/cleaning-up-the-node/
https://bridgecity.org.za/site/grass-cutting-complete/
https://bridgecity.org.za/site/cleaning-up-after-truck-drops-litter/
https://bridgecity.org.za/site/aloe-replanted/
https://bridgecity.org.za/site/a-productive-november/
https://bridgecity.org.za/site/boulevard-signage-repaired/
https://bridgecity.org.za/site/landscaping-maintenance-work/
https://bridgecity.org.za/site/a-serious-grass-cutting-exercise/
https://bridgecity.org.za/site/splash-of-colour-on-bc-boulevard/
https://bridgecity.org.za/site/street-signage-repaired/
https://bridgecity.org.za/site/litter-picking-increases/
https://bridgecity.org.za/site/paving-and-bollards-reinstated/
10. Municipal matters
10.1. Fault Reporting
• eTM continues to be committed to public space in Bridge City, by ensuring that all maintenance
requests and faults reported by the Management Association are attended to.
• Fault reporting continued during the national lockdown period through the daily precinct
inspections carried out by the Precinct Management Team, as well as the Precinct Security Team.
Due to the national lockdown, most municipal departments were either on shutdown or operating
in a limited capacity to attend to faults only considered as essential work.
https://bridgecity.org.za/site/small-things-matter/
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 12 of 1510.2. Streetlights Maintenance
• Streetlight maintenance remains a priority of both the Management Association and eTM, with
both working hard to ensure that Bridge City remains well-lit to curb criminal activities in the node.
As such, a number of streetlight repairs have been attended to over the period. However, as
aforementioned, many municipal departments continue to operate with limited capacity due to the
lockdown, which is also true of the streetlighting department and which has had a negative impact
on the ongoing repairs of the streetlights within the precinct.
https://bridgecity.org.za/site/bridge-city-street-lights-maintained/
https://bridgecity.org.za/site/street-lights-repaired/
https://bridgecity.org.za/site/keeping-bridge-city-in-check/
https://bridgecity.org.za/site/reducing-street-light-faults/
10.3. Roads Maintenance
• The eTM Roads Department continues with repainting of faded road markings in the area as and
when required. During the reporting period, the Department also assisted with reinstatement of
damaged pavements in the node as well as repair of traffic lights that stopped working.
https://bridgecity.org.za/site/maintaining-road-markings-continue-in-bridge-city/
https://bridgecity.org.za/site/pavements-reinstated/
https://bridgecity.org.za/site/traffic-light-repair/
10.4. Illegal Parking / eThekwini Transport Authority (ETA)
• Illegal parking continues to be a major problem around the Bridge City Shopping Centre, as reported
at previous meetings. The BCMA continues to lobby to ETA, under Rajen Govender, for a draft
concept plan for the reconfiguration of parking bays in Nogwaja Street to assist with illegal parking
at the Shopping Centre, however this remains under review by Traffic Engineers.
In follow-up with Rajen, Management Team were advised that as an interim solution and while the
concept plan was awaiting approval, ETA would be installing “No Parking” signage, and
implementing a timetable for timed parking. To date, work has not commenced on the anticipated
signage and there has also been no positive feedback from ETA on the timed parking. No progress is
expected to be made on the matter until such time as the department returned to work under
normal operations.
• Engagements between the BCMA and ETA, for the development of a Traffic Management Plan for
the area continue, especially for the installation of traffic signals. Further interventions are currently
being explored, such as having intersections policed. Motivations to ETA to provide traffic lights,
such as the rejected motivation for the signal at the intersection of Bridge City Boulevard and
Bhejane Street will continue as previously mentioned, and will be based on requests for further
traffic counts once Dr Pixley Ka Isaka Seme Memorial Hospital is in operation.
https://bridgecity.org.za/site/metro-police-continue-fining-illegal-parkers/
https://bridgecity.org.za/site/metro-police-issue-fines/
10.5. Public Transport
• Go! Durban / BRT - Commencement of bus services running along the C9 corridor between
Pinetown and KwaMashu were anticipated in April 2020, but due to the COVID-19 lockdown the
anticipated date has been amended. The Management Team will continue to engage with ETA for
an update on this item.
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 13 of 15• Construction of the temporary bus stop in Bridge City at the intersection of Nkunzana Road and
Bridge City Boulevard, was before lockdown progressing at a steady pace with expected date of
operation being June 2020, this has changed due to lockdown; new expected date of operation is
not yet known.
https://bridgecity.org.za/site/go-durban-bus-rapid-transport-bus-shelter/
10.6. Street & Small Medium Micro Enterprise Trading
• Engagements to interrogate and plan for short and long-term solutions to street trading within
Bridge City are ongoing. The eTM Economic Development Unit has made a grant funding application
from the Department of Treasury’s Neighbourhood Development Partnership Grant for technical
assistance of R300,000, split between fiscal years 2019/2020 & 2020/2021.
• While waiting for funding approval, the BCMA Board was reviewing the funding of structures for
street trading outside the Magistrate Court and the Hospital under construction, to meet the
excessive demand for offerings in the area, and prevent the proliferation of the illegal trading
currently taking place in Bhejane Street.
• The Management Team, in response to the Board’s request, held a meeting on 2 March 2020 with
Thulani Nzama, Head of Business Support Unit (BSU) and his representatives, with members of the
Boards of CIBE and BCMA in attendance. The following positive outcomes came out of the meeting:
o BSU agreed to declare BCMA a restricted trading area, and BCMA funded trading structures to
be implemented as soon as they become available
o BCMA funded structures will remain under BCMA ownership
o BSU will regulate the issuing of licences and permits within BCMA, with BCMA included in
these processes
o BSU agreed to assist with provision of services to the trading sites, and a Memorandum of
Agreement is to be explored for assistance in maintenance and upkeep of the funded
structures
o BCMA were granted powers of enforcement via precinct security, which includes:
• Enforcement of illegal trade within the precinct
• Enforcement of permit holding traders within the precinct in contravention of trading
by-laws or in contravention of the terms of usage of the funded trading structures.
A proposal to fund street trade structures was presented to the BCMA directors at the Board meeting held
on 30 June 2020. The decision made by the BCMA Board in respect of the proposal was to put the project
on hold to be revisited later in the year, in order to obtain a clearer view of any further financial impact
from COVID-19. The anticipated dates for review of the proposal are September / October 2020.
11. Precinct Communications
• The Management Association’s on-ground service delivery (security, cleaning, greening, maintenance, and
reporting) is the focus of the levy-based communication, showing the tangible result of investment and
collective commitment. During the reporting period, the following precinct communication statistics were
recorded:
o Posts to the website: 63 posts
o News bulletins sent out: 17
o Database for new bulletin at the end of period: 311.
• As a way of improving communication and information sharing to the greater INK community, the BCMA
Board has approved the implementation of the Bridge City INK App. The App is currently available on Google
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 14 of 15Playstore. There are currently 127 businesses listed on the App. Please use the following link to download
the App: https://play.google.com/store/apps/details?id=com.app.bridgecityink&hl=en
12. Neighbouring Communities
• A new R1 million Bakery has opened in Kwamashu M-section thanks to a donation by the eThekwini
Municipality as part of a project to unlock small business opportunities. Link to news item below:
https://bridgecity.org.za/site/ink-bakery-gets-r1m-slice-of-the-pie/
• The BCMA Board has received a request from the Bridge City Business Forum for an engagement platform
with the Board, to outline their role in the community and find meaningful ways of engaging with relevant
stakeholders in the node as it is felt that the Ward Councillors are not representing the forum in a
meaningful manner. The Board with the assistance of UrbanMGT is interrogating the request, and will look
at using the learnings gained from the formulation of the CIBE Business Association to establish engagement
parameters.
13. Conclusion
In conclusion, I would like to thank the Bridge City Management Association Board of Directors for contributing their
time, efforts and careful consideration in acting in the best interest of the Members of the Association.
A big thank you is also extended to the Management Association’s service providers, Eris Property Group (accounts
administration), Excellerate Security Services / Kucace Security Services (safeguarding) and Green Africa (landscaping
/ cleaning) for their commitment and service levels.
I also take this opportunity to thank UrbanMGT, our management team, for their hard work and dedication to the
success of Bridge City.
Finally, a special thanks to all Bridge City Management Association Members who have supported the endeavours of
the Association and we look forward to reporting on an equally productive 2020/2021 financial year.
Desmond Pretorius
Chair
Bridge City Management Association
Bridge City Management Association Annual Report for year ended 28 February 2020 Page 15 of 15Bridge City Management Association (RF) NPC
Registration No. 2007/027692/08
Summary of Actions
AGM meeting – 28 August 2019
Date of Minute no. Action: By whom Status
meeting:
1. 28/08/19 AGM 11/19 Corporate Governance
• CF / JB to register newly appointed Director/s. CF / JB Ongoing
2. 28/08/19 AGM 8/19 Operations
• The Management Team to meet with Bridge City Shopping Centre Management to BM/ NM / Done
discuss the cash-in-transit vehicles dedicated and secure loading area and the risk of HM
having the vehicles parking in public space.
NM / HM Done
• The Management Team to get Security to record the number of cash-in-transit
vehicles coming to the BC Shopping Centre on a daily basis.
3. 28/08/2019 AGM 12/19 General
• Development obligations in respect of timelines for completion of developments to NM / HM Done
be interrogated with the EDJV: BCMA to write to the EDJV in respect of any punitive
actions. NM / HM Done
• The Management team to have a colour coded map highlighting status of the sites /
properties at the next AGM.Bridge City Management Association (RF) NPC
(Registration number 2007/027692/08)
Annual financial statements
for the year ended 29 February 2020
Issued 21 July 2020Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
General Information
Country of incorporation and domicile South Africa
Directors
MG Gcaba
SD Hlengwa
SM Maphumulo
Y Patel
D Pretorius
Registered office 305 Umhlanga Rocks Drive
La Lucia
4051
Business address 305 Umhlanga Rocks Drive
La Lucia
4051
Bankers Standard Bank of South Africa Limited
Auditors Stuart Edwards & Company
Chartered Accountants (SA)
Registered Auditor
349 Vause Road
Overport
Durban
4001
Company registration number 2007/027692/08
1Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
Index
The reports and statements set out below comprise the annual financial statements presented to the members:
Index Page
Directors' Responsibilities and Approval 3
Independent Auditor's Report 4-5
Directors' Report 6
Statement of Financial Position 7
Statement of Comprehensive Income 8
Statement of Changes in Equity 9
Statement of Cash Flows 10
Accounting Policies 11
Notes to the Annual Financial Statements 12 - 13
The following supplementary information does not form part of the annual financial statements and is unaudited:
Detailed Income Statement 14
Level of assurance
These annual financial statements have been audited in compliance with the applicable requirements of the Companies Act of
South Africa, 2008.
Published
21 July 2020
2Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
Directors' Responsibilities and Approval
The directors are required by the Companies Act of South Africa, 2008, to maintain adequate accounting records and are
responsible for the content and integrity of the annual financial statements and related financial information included in this
report. It is their responsibility to ensure that the annual financial statements fairly present the state of affairs of the Association
as at the end of the financial year and the results of its operations and cash flows for the period then ended, in conformity with
the International Financial Reporting Standard for Small and Medium-sized Entities. The external auditors are engaged to
express an independent opinion on the annual financial statements.
The annual financial statements are prepared in accordance with the International Financial Reporting Standard for Small and
Medium-sized Entities and are based upon appropriate accounting policies consistently applied and supported by reasonable
and prudent judgements and estimates.
The directors acknowledge that they are ultimately responsible for the system of internal financial control established by the
Association and place considerable importance on maintaining a strong control environment. To enable the directors to meet
these responsibilities, the board of directors sets standards for internal control aimed at reducing the risk of error or loss in a
cost effective manner. The standards include the proper delegation of responsibilities within a clearly defined framework,
effective accounting procedures and adequate segregation of duties to ensure an acceptable level of risk. These controls are
monitored throughout the Association and all employees are required to maintain the highest ethical standards in ensuring the
Association’s business is conducted in a manner that in all reasonable circumstances is above reproach. The focus of risk
management in the Association is on identifying, assessing, managing and monitoring all known forms of risk across the
Association. While operating risk cannot be fully eliminated, the Association endeavours to minimise it by ensuring that
appropriate infrastructure, controls, systems and ethical behaviour are applied and managed within predetermined procedures
and constraints.
The directors are of the opinion, based on the information and explanations given by management, that the system of internal
control provides reasonable assurance that the financial records may be relied on for the preparation of the annual financial
statements. However, any system of internal financial control can provide only reasonable, and not absolute, assurance
against material misstatement or loss.
The directors have reviewed the Association’s cash flow forecast for the year to 28 February 2021 and, in the light of this
review and the current financial position, They are satisfied that the Association has or has access to adequate resources to
continue in operational existence for the foreseeable future.
The external auditors are responsible for independently auditing and reporting on the Association's annual financial statements.
The annual financial statements have been examined by the Association's external auditors and their report is presented on
page 4.
The annual financial statements set out on pages 7 to 14, which have been prepared on the going concern basis, were
approved by the board of directors on 21 July 2020 and were signed on its behalf by:
Approval of annual financial statements
Director Director
3Independent Auditor's Report
To the members of Bridge City Management Association NPC
Opinion
We have audited the annual financial statements of Bridge City Management Association (RF) NPC (the company) set out
on pages 7 to 13, which comprise the statement of financial position as at 29 February 2020, and the statement of
comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to
the annual financial statements, including a summary of significant accounting policies.
In our opinion, the annual financial statements present fairly, in all material respects, the financial position of Bridge City
Management Association (RF) NPC as at 29 February 2020, and its financial performance and cash flows for the year then
ended in accordance with International Financial Reporting Standard for Small and Medium-sized Entities and the
requirements of the Companies Act of South Africa, 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing. Our responsibilities under those standards
are further described in the Auditor’s Responsibilities for the Audit of the annual financial statements section of our report.
We are independent of the company in accordance with the sections 290 and 291 of the Independent Regulatory Board for
Auditors’ Code of Professional Conduct for Registered Auditors (Revised January 2018), parts 1 and 3 of the Independent
Regulatory Board for Auditors’ Code of Professional Conduct for Registered Auditors (Revised November 2018) (together
the IRBA Codes) and other independence requirements applicable to performing audits of annual financial statements in
South Africa. We have fulfilled our other ethical responsibilities, as applicable, in accordance with the IRBA Codes and in
accordance with other ethical requirements applicable to performing audits in South Africa. The IRBA Codes are consistent
with the corresponding sections of the International Ethics Standards Board for Accountants' Code of Ethics for Professional
Accountants and the International Ethics Standards Board for Accountants' International Code of Ethics for Professional
Accountants (including International Independence Standards) respectively. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Other information
The directors are responsible for the other information. The other information comprises the information included in the
document titled "Bridge City Management Association (RF) NPC annual financial statements for the year ended 29 February
2020", which includes the Directors' Report as required by the Companies Act of South Africa, 2008 and the Detailed
Income Statement, which we obtained prior to the date of this report. The other information does not include the annual
financial statements and our auditor's report thereon.
Our opinion on the annual financial statements does not cover the other information and we do not express an audit opinion
or any form of assurance conclusion thereon.
In connection with our audit of the annual financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the annual financial statements or our
knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed
on the other information obtained prior to the date of this auditor's report, we conclude that there is a material misstatement
of this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of the directors for the Annual Financial Statements
The directors are responsible for the preparation and fair presentation of the annual financial statements in accordance with
International Financial Reporting Standard for Small and Medium-sized Entities and the requirements of the Companies Act
of South Africa, 2008, and for such internal control as the directors determine is necessary to enable the preparation of
annual financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the annual financial statements, the directors are responsible for assessing the company’s ability to continue as
a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative
but to do so.
4Independent Auditor's Report
Auditor's responsibilities for the audit of the Annual Financial Statements
Our objectives are to obtain reasonable assurance about whether the annual financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with International
Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these annual financial statements.
As part of an audit in accordance with International Standards on Auditing, we exercise professional judgement and maintain
professional scepticism throughout the audit. We also:
Ÿ Identify and assess the risks of material misstatement of the annual financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient
and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Ÿ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
company’s internal control.
Ÿ Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.
Ÿ Conclude on the appropriateness of the directors' use of the going concern basis of accounting and based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the company’s ability to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the annual
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause
the company to cease to continue as a going concern.
Ÿ Evaluate the overall presentation, structure and content of the annual financial statements, including the
disclosures, and whether the annual financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
__________________________________ 21 July 2020
Stuart Edwards & Company
W.S. Richards-Edwards 349 Vause Road
Chartered Accountants (SA) Overport
Registered Auditor Durban
4001
5Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
Directors' Report
The directors have pleasure in submitting their report on the annual financial statements of Bridge City Management
Association (RF) NPC for the year ended 29 February 2020.
1. Review of financial results and activities
The annual financial statements have been prepared in accordance with International Financial Reporting Standard for Small
and Medium-sized Entities and the requirements of the Companies Act of South Africa, 2008. The accounting policies have
been applied consistently compared to the prior year.
Full details of the financial position, results of operations and cash flows of the association are set out in these annual financial
statements.
2. Directors
The directors in office at the date of this report are as follows:
Directors Changes
B D Ive Resigned 11 June 2019
MG Gcaba
SD Hlengwa
SM Maphumulo
Y Patel
SO Mthembu Resigned 28 August 2019
BR Gumede Resigned 28 August 2019
D Pretorius
3. Events after the reporting period
Other than point 5 below, the directors are not aware of any material event which occurred after the reporting date and up to
the date of this report.
4. Auditors
Stuart Edwards & Company continued in office as auditors for the company for 2020.
5. Covid-19
The spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are
being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the
virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant
disruptions to businesses worldwide, resulting in an economic slowdown. Global stock markets have also experienced great
volatility and a significant weakening. Governments and central banks have responded with monetary and fiscal interventions
to stabilise economic conditions.
The association has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and
results of operations as of and for the year ended 29 February 2020 have not been adjusted to reflect their impact. The
duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses,
remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as
their impact on the financial position and results of the association for future periods.
6Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
Statement of Financial Position as at 29 February 2020
Figures in Rand Notes 2020 2019
Assets
Non-Current Assets
Property, plant and equipment 2 3 056 518 4 001 179
Current Assets
Trade and other receivables 3 1 529 548 951 031
Current tax receivable - 1 928
Cash and cash equivalents 4 3 404 978 3 296 853
4 934 526 4 249 812
Total Assets 7 991 044 8 250 991
Equity and Liabilities
Equity
Reserves 3 316 223 3 316 223
Retained income 4 510 412 4 810 312
7 826 635 8 126 535
Liabilities
Current Liabilities
Trade and other payables 5 161 051 124 456
Current tax payable 3 358 -
164 409 124 456
Total Equity and Liabilities 7 991 044 8 250 991
7Bridge City Management Association (RF) NPC
(Registration number: 2007/027692/08)
Annual Financial Statements for the year ended 29 February 2020
Statement of Comprehensive Income
Figures in Rand Notes 2020 2019
Revenue 6 6 343 025 7 924 041
Other income 7 527 000 368 313
Operating expenses (7 072 208) (6 247 002)
Operating (deficit)/surplus 8 (202 183) 2 045 352
Finance costs (62) (2 987)
(Deficit)/surplus before taxation (202 245) 2 042 365
Taxation 9 (97 655) (64 536)
(Deficit)/surplus for the year (299 900) 1 977 829
Other comprehensive income - -
Total comprehensive (loss) income for the year (299 900) 1 977 829
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