Page 5 - Estimates of Public Entities Revenue & Expenditure 2023

number of employed persons in our province increased by 144 000 between Quarter 3
of 2021 and Quarter 3 of 2022. This is a story of good progress”.
We are doing every thing in our power to address the logistic infrastructure backlogs through
formal government Intergovernmental Relations and lobbying targeting seaports, rail and road
networks, water security, broadband connection as a start which would enable our ambition
to set the province as an investment destination.
The honourable Premier has further charged forward to make the point that “The
development of infrastructure at the Wild Coast Industrial Park in Mthatha is
progressing well. Focus is now on bulk infrastructure. Our work on revitalising
industrial parks is continuing. Fort Jackson, Vulindlela and Komani have already
secured investors”.
We have forged partnership with the World Bank Group targeting the coastal belt through
PROVINCE OF THE EASTERN CAPE ESTIMATES OF PUBLIC ENTITIES REVENUE AND EXPENDITURE 2023/24
developing a blueprint for revolutionising water catchment at household level including, rural
benefit through support services such as accommodation, catering, security and so forth. Furthermore,
roads supporting agriculture, production and value chains data management.
it is seen in the building of a film studio which will increase the Eastern Cape’s film beneficiation
through Pre-Production, Production, Post-Production and Distribution. Establishing a film studio will
We are also cognisant of the importance of municipalities and social partners in achieving our
reduce the costs of production in the province while promoting our breath-taking film & tourism
plans and an environment conducive to investment attraction. We are continuing to cooperate
locations.
as government coordination structures through the District Development Model to stabilise
and strengthen our municipalities especially the struggling ones.
The province is implementing projects in partnership with other entities of government, such as
To this end, the fastest growing sector in this budget is the Economic sector whilst the biggest
SANRAL and TRANSNET, which brings economic benefits and employment creation.
investment remains in Education and Health as Apex Priorities of government.

Honourable Mlungisi Mvoko
Honourable Mlungisi Mvoko
MEC FOR FINANCE
MEC for Finance

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