Page 72 - Estimates of Public Entities Revenue & Expenditure 2023

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

EAST LONDON INDUSTRIAL DEVELOPMENT ZONE (ELIDZ)

1. Legislative Mandate

East London Industrial Development Zone (ELIDZ) was set up in 2002 as a response to the need for
a robust catalyst for economic development and industrial diversification in the country. ELIDZ is a

State Owned company set up by government through the South African Industrial Development Zones
Programme (now the South African Special Economic Zones Programme) to develop, operate and

maintain modern infrastructure and to complementary attract strategic investments for the region.

The ELIDZ is owned by provincial government through Department of Economic Development

Environmental Affairs and Tourism (DEDEAT) and the Buffalo City Metropolitan Municipality (BCMM).
ELIDZ is listed as a Schedule 3D public entity in the Public Finance Management Act (PFMA). It is

funded by the Department of Trade Industry and Competition (Dtic) (SEZ Fund – Capital Projects),
and the Department of Economic Development Environmental Affairs and Tourism (DEDEAT) for
operational expenses and other capital projects that are not funded by the SEZ fund. The organisation

has its own generated revenue that is used for operating expenses.

2. Vision

A catalyst for growing a strong regional industrial base, supported and sustained by a business
ecosystem that serves to extend the global competitiveness of local industries.

3. Mission
To provide investor solutions and to attract and develop strategic industries that strengthen South
Africa’s global competitiveness through the development and operation of a thriving, specialized
industrial complex.

The ELIDZ pursues its mission to create and deliver on the following:

• a suitable location for the establishment of strategic investments; and
• promotion and development of productive links between domestic and zone-based industries, to
optimise use of existing infrastructure, generation of employment and creation of technology

transfers; and the enabling of the beneficiation of local resources by resource-seeking industries.

4. Strategic Outcomes
The entity’s mandate is achieved through its pursuit of results-based planning. This has been

developed to respond to outcomes and impacts that government strives for in the delivery of its Special
Economic Zones (SEZ) programming and sets out in the SEZ enabling legislation. The entity’s
mandate will be achieved through the following strategic objectives:

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