Page 73 - Estimates of Public Entities Revenue & Expenditure 2023

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

• Engaging with and procuring the agreement and support of the national programme to recognise
that there are gaps and inconsistencies in the SEZ enabling legislation and provide an undertaking

to address these.
• Investment into further development of the SEZ’s targeted industrial sectors, where some are at

more advanced development maturity than others and are requiring dedicated programming or
operational interventions.
• Initiation of new avenues of industry and industry support services development, notably within the

Information Communications Technology (ICT)/Electronics space.
• Deepening and further development of the SEZ’s programming and activities at its Science and
Technology Park (STP) facility in support of the strengthening the region’s capacity to support

innovation, technology and strategic skills development; and
• Concerted attention given internally to the review of ELIDZ’s business delivery model and the
institution of a series of business improvement initiatives based on its assessed areas of strength

and weaknesses.

Three high-level outcomes identified which support government’s intent that Special Economic Zones
operate as instruments supportive of both national and regional industrial development include the
following:

• Outcome 1: High-performing, competitive and resilient industries;
• Outcome 2: Technology-led innovation and industrial modernisation; and

• Outcome 3: Sustainable operational efficiencies and global best practices

The three outcomes translate into outputs and measurable results across 10 major performance

measurement areas as contained in the ELIDZ strategic plan for the five-year term 2021-2025.

5. Main services
To develop, operate and maintain a modernised infrastructure, location and services that are capable
of attracting strategic investments that:

• Promote the export competitiveness of provincial and South African manufactured products
and services;

• Strengthen, expand and diversify the provincial economy;
• Enable the efficient usage of natural resources in the zone;

• Secure advanced foreign production and technology methods; and
• Encourage skills transfer and local intellectual capital development.

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