Page 9 - Estimates of Public Entities Revenue & Expenditure 2023
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PROVINCE OF THE EASTERN CAPE ESTIMATES OF PUBLIC ENTITIES REVENUE AND EXPENDITURE 2023/24
EXECUTIVE SUMMARY
Public entities are established as strategic government service delivery vehicles to drive its
key and urgent policy priorities targeting economic growth and development including some
in both the social and environmental functions and to fast track service delivery.
The Eastern Cape Government has ten provincial public entities. Six of these are listed as Schedule
3C in the Public Finance Management Act, No.1 of 1999 (PFMA) as amended, namely:
• Eastern Cape Socio-Economic Consultative Council (ECSECC)
• Eastern Cape Rural Development Agency (ECRDA)
• Eastern Cape Parks and Tourism Agency (ECPTA)
• Eastern Cape Gambling Board (ECGB)
• Eastern Cape Liquor Board (ECLB)
• Eastern Cape Provincial Arts and Culture Council (ECPACC)
Four public entities are listed as provincial government business enterprises (Schedule 3D) in the
PFMA, namely:
• Eastern Cape Development Corporation (ECDC)
• East London Industrial Development Zone (ELIDZ)
• Mayibuye Transport Corporation (MTC) and
• Coega Development Corporation (CDC).
Summary of transfers to provincial public entities
Table A: Summary of transfers to provincial public entities
Main Adjusted Revised % change Avg from
Audited Outcome Medium-term receipts estimate
appropriation appropriation estimate from 2023/24 to
2022/23 2025/26
R thousand 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26
E01 IDZ: East London Industrial Development Zone (Pty) Ltd (ELIDZ) 1 450 787 723 445 402 096 263 556 263 556 263 556 201 706 106 056 107 546 (23.5) (23.0)
E02 ECD: Eastern Cape Development Corporation (ECDC) 217 842 266 945 321 017 327 657 328 407 328 407 596 636 238 615 247 349 81.7 (28.2)
E03 PAC: Eastern Cape Provincial Arts and Culture Council (ECPACC) 26 031 22 120 36 120 11 120 13 120 13 120 11 145 11 145 11 644 (15.1) 2.2
E04 GBB: Eastern Cape Gambling Board (ECGB) 58 710 61 350 61 961 70 043 70 043 70 043 70 725 70 756 73 926 1.0 2.3
E05 ELB: Eastern cape Liquor Board (ECLB) 62 620 69 094 72 316 74 480 74 480 74 480 99 623 81 139 83 984 33.8 (7.5)
E06 PTA: Eastern Cape Parks and Tourism Board (ECPTA) 339 958 278 427 359 385 326 058 356 901 317 679 306 036 313 497 320 791 (3.7) 2.4
E07 RDA: Eastern Cape Rural Development Agency(ECRDA) 269 864 256 481 232 608 181 424 209 655 209 655 225 879 348 799 357 932 7.7 28.5
E08 SEC: Eastern Cape Socio Economic Consultative Council (ECSECC) 50 045 67 680 70 113 72 329 74 929 74 929 79 520 83 059 86 780 6.1 4.5
E09 CDC: Coega Development Corporation (CDC) 211 266 508 529 438 123 19 690 61 228 61 228 372 272 668 419 870 348 508.0 (100.0)
E10 MTC: Mayibuye Transport Corporation (MTC) 153 383 149 780 145 190 143 226 143 259 143 259 154 528 156 182 163 179 7.9 2.8
Total payments and estimates 2 840 506 2 403 851 2 138 929 1 489 583 1 595 578 1 556 356 2 118 070 2 077 667 2 323 479 36.1 5.0
Source: Provincial Treasury Database, 2023/24
Table A above indicates that total transfers to provincial public entities and government business
enterprises (including transfers received from sources other than the Provincial Revenue Fund) from
the 2019/20 to 2025/26 financial years. Total transfers decreased from R2.840 billion in 2019/20 to a
revised estimate of R1.565 billion in 2022/23. In 2023/24, total transfers are projected to increase to
R2.118 billion (35.3 per cent) mainly due funding allocated by National Treasury to CDC from the
Budget Facility for Infrastructure (BFI). Over the 2023 MTEF, provincial transfers are projected to
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