Page 56 - Estimates of Public Entities Revenue & Expenditure 2023

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

EASTERN CAPE RURAL DEVELOPMENT AGENCY (ECRDA)

1. Legislative mandate

Eastern Cape Rural Development Agency (ECRDA) is listed as a schedule 3C public entity in terms

of the Public Finance Management Act No.1 of 1999 (PFMA), as amended, reporting to the
Department of Rural Development and Agrarian Reform (DRDAR). The ECRDA was established in
terms of the Eastern Cape Rural Finance Corporation Amendment Act of 2012. The mandate of the

ECRDA is to promote, support, coordinate and facilitate the implementation of integrated rural
development in the Eastern Cape.

2. Vision

An inclusive and sustainable rural economy.

3. Mission

Connecting abanegalelo to catalyse the prosperity of the rural Eastern Cape.

4. Strategic goals
• Increased levels of resource mobilisation

• Increased socio-economic impact
• Effective, efficient and accountable entity

5. Main Services

Rural Finance (Loan Finance) – provision of loans to rural communities in support of rural
development initiatives.

Rural Enterprise Development (RED) Hubs (Agro-Progressing) – The project is built around the
support of 3 elements, which make up the basic ‘value-chain’ of the rural economy as follows:

• Production – Maize/Sorghum/Flora/Tea produced in the community at a sustainable scale;

• Processing – Maize/Sorghum/Tea processed in order to derive benefit from the value chain;
• Marketing – Farmers/ corporative organizations are enabled to sell their produce directly to
communities and obtain access to commercial markets such retail sector, through “Off take

agreements”; and
• Forestry and Timber Development – planning, promotion, initiating, resourcing, facilitating and

supporting the establishment of commercial and community owned and operated forestry in the
province.

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