Page 88 - Estimates of Public Entities Revenue & Expenditure 2023

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

COEGA DEVELOPMENT CORPORATION (CDC)

1. Legislative Mandate

The Coega Development Corporation (Pty) Ltd (“CDC”) was incorporated in 1999 to develop and
operate the Coega Special Economic Zone (“SEZ”) and develop it by attracting foreign and local
investment, principally in manufacturing industries with an export orientation.

2. The Vision

Leading Catalyst for Championing of Socio-economic Development and Transformation.

3. Mission

To provide Competitive Investment Locations, Facilitate Holistic Infrastructure and Value-adding
Commercial Business Solutions.

4. Strategic Objectives

The strategic priorities for the forthcoming years are as follows:

• Developmental - Promote Small Medium and Micro Enterprise (SMME) Development, Improve

contribution to EC Growth Domestic Product (GDP), Increase Job creation and Improve Skills
Development;

• Financial - Increase Alternative Funding Sources and Achieve independence from government
funding;

• Customer and Stakeholder - Attain Diversification of Customers and/or Products and Increase

growth of operational tenants;

• Internal Process - Promote Excellence in the delivery of projects;

• Organisational Capacity - Improve Business Processes and Systems and optimise Staff Skills
Inventory.

5. Main Services

The product offerings of the CDC linked to the revenue generation objective are as follows:
• Industrial Development Zone (Zone Development and Management):

o Industrial estate development – economic infrastructure development, investment
attraction and facilities management;

• Non-Industrial Development Zone:
o Travel Agency Services – travel & accommodation (local and international), Visa
Applications and conference facilities; and

o Skills Development Services – Accredited training, non-accredited training and conference
facilities;

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