Page 74 - Estimates of Public Entities Revenue & Expenditure 2023

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

6. Programme details

• Operations
The programme is responsible for attraction of targeted investors and investments, development,

provision of infrastructure and customized superstructure solutions to investors and management of
the ELIDZ property portfolio.

In addition to the above, operations also aim to operate a commercially viable, effective, attractive

and sustainable, specialized industrial destination through the pursuit of value–adding strategies,
effective planned preventative maintenance, facilities management, and expansions and alterations
to existing infrastructure as well as factories in the zone.

• Institutional support
The programme provides strategic direction, guidance and support to enterprise-wide strategic
management disciplines that focus on:

o Company Secretarial Support;
o Risk Management and Internal Control;
o Corporate Strategy and Planning;

o Quality, Safety, Health and Environmental Management;
o Enterprise Portfolio Management;
o Enterprise Performance Monitoring and Reporting;

o Client Relations Management; and financial management of the organization
o Human Resources management
o Information Technology management and development

7. 2022/23 Performance Review

7.1 Key Achievements

The organisation attracted 7 new investors that pledged private investment of R1.4billion. That

investment was against an investment of R858.1 million that was injected by government through the
Department of Trade, Industry and Competition (Dtic). The construction of the top structures of the
investors generated 2 406 construction jobs for the year. In addition to the creation of the construction

jobs, the investors also pledged 1061 permanent jobs. Of those jobs that were pledged the actual
jobs that are active is 813.

The organisation managed to attract 6 investors, of which 2 of them were private investors that only
got land from the IDZ and invested their money into the equipment and top structures. The investors
that were attracted pledged private investment of R981.5 million. Against that investment,
government invested R310 million on the top structures that were constructed for the investors since
2020/21. The construction of top structures created 719 jobs. In addition to the construction jobs that

were created, the investors pledged 454 permanent jobs.

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