Page 10 - Estimates of Public Entities Revenue & Expenditure 2023

PROVINCE OF THE EASTERN CAPE ESTIMATES OF PUBLIC ENTITIES REVENUE AND EXPENDITURE 2023/24

increase by an average growth of 5 per cent mainly due to the growth in the DRDAR allocation to
ECRDA for the Eastern Cape Agriculture and Agro-processing Blended Finance for enterprises in the

agriculture value chain in collaboration with ECDC as the fund manager.

Revenue

Table B: Summary of actual revenue and estimates by source and entity
Main Adjusted Revised % change
Audited Outcome Medium-term receipts estimate
appropriation appropriation estimate from
R thousand 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2022/23
Revenue
Tax revenue 220 760 112 516 171 839 236 915 238 433 205 118 250 162 250 339 261 559 22.0
Non-tax revenue 3 655 086 3 766 834 3 293 300 2 717 628 2 764 234 2 722 500 3 416 795 3 479 527 3 817 330 25.5
Sale of goods and services other than capital assets 768 709 884 039 1 089 788 1 173 017 1 109 713 1 106 471 1 231 389 1 329 633 1 420 347 11.3
Entity revenue other than sales 34 996 45 601 57 482 29 402 30 234 30 964 34 011 39 626 40 982 9.8
Transfers received 2 840 506 2 403 851 2 138 929 1 489 583 1 595 578 1 556 356 2 118 070 2 077 667 2 323 479 36.1
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Sale of capital assets -114 407 320 19 000 19 111 19 171 25 000 25 450 25 050 30.4
Financial transactions in assets and liabilities 6 173 23 191 3 681 3 743 6 157 6 097 5 000 4 099 4 283 (18.0)
Other non-tax revenue 4 816 2 832 3 412 2 883 3 441 3 441 3 325 3 052 3 189 (3.4)
Total revenue 3 875 846 3 879 350 3 465 139 2 954 543 3 002 667 2 927 618 3 666 957 3 729 866 4 078 889 25.3

E01 IDZ: East London Industrial Development Zone (Pty) Ltd (ELIDZ) 1 623 301 930 637 687 092 599 393 575 640 575 640 557 768 478 585 510 940 (3.1)
E02 ECD: Eastern Cape Development Corporation (ECDC) 227 171 400 076 466 194 476 289 477 039 477 039 754 777 413 491 432 015 58.2
E03 PAC: Eastern Cape Provincial Arts and Culture Council (ECPACC) 26 870 22 732 36 518 11 680 13 680 13 680 11 705 11 715 12 240 (14.4)
E04 GBB: Eastern Cape Gambling and Betting Board (ECGBB) 273 966 179 907 236 857 303 380 306 352 273 037 317 967 318 571 332 851 16.5
E05 ELB: Eastern cape Liquor Board (ECLB) 87 454 80 022 84 560 93 660 95 303 95 303 120 828 103 344 107 152 26.8
E06 PTA: Eastern Cape Parks and Tourism Board (ECPTA) 372 602 292 896 381 806 356 606 387 449 352 077 333 110 346 595 352 825 (5.4)
E07 RDA: Eastern Cape Rural Development Agency(ECRDA) 298 836 273 810 252 364 201 944 230 175 230 175 249 136 371 164 381 299 8.2
E08 SEC: Eastern Cape Socio Economic Consultative Council (ECSECC) 51 401 69 170 71 095 72 929 76 133 76 133 80 919 84 059 87 780 6.3
E09 CDC: Coega Development Corporation (CDC) 731 761 1 464 260 1 086 301 673 111 673 649 667 287 1 060 000 1 415 298 1 666 361 58.9
E10 MTC: Mayibuye Transport Corporation (MTC) 182 484 165 840 162 352 165 552 167 248 167 248 180 747 187 044 195 426 8.1
Total Revenue 3 875 846 3 879 350 3 465 139 2 954 543 3 002 667 2 927 618 3 666 957 3 729 866 4 078 889 25.3

Table B above shows the summary of actual and projected revenue trends from the 2019/20 to
2025/26 financial years. Total revenue collected decreased from R3.875 billion in 2019/20 to revised
estimate of R2.927 billion in 2022/23 this is mainly due to a decrease in Transfers received from the

Dtic for capital projects as a result of declining portfolios in projects implemented on behalf of clients
and tenants in CDC SEZ. In 2023/24, total revenue is projected to increase by 25.3 per cent to R3.666

billion mainly due to increase in transfers received from the Budget Facility for Infrastructure. Over the
2023 MTEF, the total revenue is projected to increase slightly to R3.729 billion in 2024/25 and R4.078
billion by 2025/26.

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