Short Presentation Slideshow for DEDEAT

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2020/2021 FUNDING ROUNDUP

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2020/2021 FUNDING ROUNDUP IMVABA CO-OPERATIVE FUND LOCAL & REGIONAL ECONOMIC DEVELOPMENT FUND

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2020/2021 FUNDING ROUNDUP IMVABA CO-OPERATIVE FUND LOCAL & REGIONAL ECONOMIC DEVELOPMENT FUND PROVINCIAL STIMULUS FUND INFORMAL BUSINESS SUPPORT PROGRAMME &

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SUSTAINABLE BUSINESS FOR OUR PEOPLE

VALUE-ADDING JOBS FOR OUR PEOPLE

A ROBUST ECONOMY FOR OUR PEOPLE

IT IS WHAT THE EASTERN CAPE NEEDS AND THE GOVERNMENT IS STEPPING IN TO PROVIDE CATALYTIC FUNDING.

EC GOVERNMENT has been working hard to implement the Provincial Development Plan (PDP) despite COVID-19 and the impact it has had on the economy.

EC GOVERNMENT has been working hard to implement the Provincial Development Plan (PDP) despite COVID-19 and the impact it has had on the economy.

EC GOVERNMENT has been working hard to implement the Provincial Development Plan (PDP) despite COVID-19 and the impact it has had on the economy.

Our economic recovery plan is essentially an acceleration of the PDP.

ECONOMIC RECOVERY PLAN The plan is made of two tiers:

- In the short-term, prioritising interventions for economic recovery - In the medium to long term, driving development through key enablers of growth • rebuild the economy

ECONOMIC RECOVERY PLAN The plan is made of two tiers:

- In the short-term, prioritising interventions for economic recovery

ECONOMIC RECOVERY PLAN The plan is made of two tiers:

- In the short-term, prioritising interventions for economic recovery - In the medium to long term, driving development through key enablers of growth

ECONOMIC RECOVERY PLAN Designed to help us

• rebuild the economy • create and save jobs and address historical structural economic reform • economic infrastructure-led recovery.

• sector support

ECONOMIC RECOVERY PLAN Designed to help us

• rebuild the economy sector support

ECONOMIC RECOVERY PLAN Designed to help us

• rebuild the economy • create and save jobs and address historical structural economic reform • sector support

ECONOMIC RECOVERY PLAN Designed to help us

• rebuild the economy • create and save jobs and address historical structural economic reform • economic infrastructure-led recovery.

• sector support

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • sector support • transformative small business support • digitalisation • public finances aimed at supporting growth.

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • digitalisation • public finances aimed at supporting growth.

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • sector support

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • sector support • transformative small business support

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • sector support • transformative small business support • digitalisation

ECONOMIC RECOVERY PLAN Plan based on five pillars of the EC economic recovery:

• economic infrastructure-led recovery • sector support • transformative small business support • digitalisation • public finances aimed at supporting growth.

• create and save jobs and accelerate structur

The focus continues to be on the third pillar,

SMALL BUSINESS SUPPORT

SPECIFICALLY

• Visiting some of the SMMEs funded through our department and ECDC

• Making sure the funding is used for the intended purposes

• Verifying the employment impact • Showing the tax payers what

is being done with their money.

SPECIFICALLY

• Visiting some of the SMMEs funded through our department and ECDC

• Making sure the funding is used for the intended purposes

• Verifying the employment impact • Showing the tax payers what

is being done with their money.

SPECIFICALLY

• Visiting some of the SMMEs funded through our department and ECDC

• Making sure the funding is used for the intended purposes

• Verifying the employment impact • Showing the tax payers what

is being done with their money.

SPECIFICALLY

• Visiting some of the SMMEs funded through our department and ECDC

• Making sure the funding is used for the intended purposes

• Verifying the employment impact • Showing the tax payers what

is being done with their money.

SPECIFICALLY

• Visiting some of the SMMEs funded through our department and ECDC

• Making sure the funding is used for the intended purposes

• Verifying the employment impact • Showing the tax payers what

is being done with their money.

FOLLOWING THE PROVINCE’S FUNDING VEHICLES

FOLLOWING THE PROVINCE’S FUNDING VEHICLES IMVABA CO-OPERATIVE FUND Established 2012

Revolving fund for the support of primary co-operatives

FOLLOWING THE PROVINCE’S FUNDING VEHICLES IMVABA CO-OPERATIVE FUND Established 2012

Revolving fund for the support of primary co-operatives

LOCAL & REGIONAL ECONOMIC DEVELOPMENT FUND Established 2009

Helping local entrepreneurs create new economic opportunities

FOLLOWING THE PROVINCE’S FUNDING VEHICLES IMVABA CO-OPERATIVE FUND Established 2012

Revolving fund for the support of primary co-operatives

LOCAL & REGIONAL ECONOMIC DEVELOPMENT FUND Established 2009

Helping local entrepreneurs create new economic opportunities

PROVINCIAL STIMULUS FUND Established 2019

Fund economic development projects that contribute to the GDP of the province

MORE FUNDING MECHANISMS

MORE FUNDING MECHANISMS JOB STIMULUS FUND Established 2011

To incentivise the retention of jobs in the Eastern Cape, which in turn will promote sustainable jobs across the Province; it also assists companies in the province who are in distress

MORE FUNDING MECHANISMS JOB STIMULUS FUND

INFORMAL BUSINESS SECTOR SUPPORT

To incentivise the retention of jobs in the Eastern Cape, which in turn will promote sustainable jobs across the Province; it also assists companies in the province who are in distress

Providing support for informal traders to become established SMMEs and create an enabling environment for informal businesses to scale up their activities

Established 2011

Established 2021

MORE FUNDING MECHANISMS JOB STIMULUS FUND

INFORMAL BUSINESS SECTOR SUPPORT

To incentivise the retention of jobs in the Eastern Cape, which in turn will promote sustainable jobs across the Province; it also assists companies in the province who are in distress

Providing support for informal traders to become established SMMEs and create an enabling environment for informal businesses to scale up their activities

Established 2011

Established 2021

“I am very happy… many of the businesses visited are working hard under challenging COVID-19 conditions that brings a lot of uncertainty.”

MEC MLUNGISI MVOKO

“We want to see these SMMEs to become truly sustainable businesses, creating value-adding jobs and partnering with government in building a robust economy.

It is what the Eastern Cape needs and as government we are stepping in to provide catalytic funding.”

MEC MLUNGISI MVOKO

“We want to see these SMMEs to become truly sustainable businesses, creating value-adding jobs and partnering with government in building a robust economy.

It is what the Eastern Cape needs and as government we are stepping in to provide catalytic funding.”

MEC MLUNGISI MVOKO

We are focusing on

KEY PRIORITY SECTORS

We are focusing on

KEY PRIORITY SECTORS AGRO INDUSTRY

AUTOMOTIVE INDUSTRY

We are focusing on

KEY PRIORITY SECTORS AGRO INDUSTRY

AUTOMOTIVE INDUSTRY

LIGHT MANUFACTURING

SUSTAINABLE ENERGY

We are focusing on

KEY PRIORITY SECTORS AGRO INDUSTRY

AUTOMOTIVE INDUSTRY

LIGHT MANUFACTURING

SUSTAINABLE ENERGY

TOURISM

OCEANS ECONOMY

OUR FUNDING EFFORTS

Let’s take a closer look at what we have achieved.

OUR FUNDING EFFORTS

Let’s take a closer look at what we have achieved.

• R73.7 MILLION DISTRIBUTED

OUR FUNDING EFFORTS

Let’s take a closer look at what we have achieved.

• R73.7 MILLION DISTRIBUTED • 56 BENEFICIARIES

FUTURE DEVELOPMENTS

UPDATED LRED POLICY Making the LRED policy more effective – criteria, verification, processes & monitoring

UPDATED LRED POLICY Making the LRED policy more effective – criteria, verification, processes & monitoring

APPLYING ONLINE

Safer, efficiency, faster turnaround

UPDATED LRED POLICY Making the LRED policy more effective – criteria, verification, processes & monitoring

APPLYING ONLINE

Safer, efficiency, faster turnaround

SUPPORT FOR SMMES FROM ECDC R1,5m to help

SMMEs meet regulatory requirements

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses.

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses Once-off fund, also limited to R30k for infrastructure support

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses Once-off fund, also limited to R30k for infrastructure support Planned regional workshops

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses Once-off fund, also limited to R30k for infrastructure support Planned regional workshops

TARGET SECTORS

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses Once-off fund, also limited to R30k for infrastructure support Planned regional workshops

TARGET SECTORS

MANUFACTURING - Clothing, leather & textiles - Automotive aftermarket support interventions

INFORMAL BUSINESS SUPPORT PROGRAMME to focus on informal businesses Once-off fund, also limited to R30k for infrastructure support Planned regional workshops

TARGET SECTORS

MANUFACTURING - Clothing, leather & textiles - Automotive aftermarket support interventions SERVICES DEDEAT is the funder; ECDC also involved.

R40M AIMED AT PROMOTING COMPLIANCE WITH LEGAL & REGULATORY REQUIREMENTS that govern business activities to bolster the informal economy

In the Alfred Nzo District, we are implementing the Informal Trade Infrastructure (Phase 1) project.

Funding under the Provincial Stimulus Fund of R21,3m

In the Alfred Nzo District, we are implementing the Informal Trade Infrastructure (Phase 1) project.

Funding under the Provincial Stimulus Fund of R21,3m

SCOPE

In the Alfred Nzo District, we are implementing the Informal Trade Infrastructure (Phase 1) project.

Funding under the Provincial Stimulus Fund of R21,3m

SCOPE

24 new formal stalls, new vehicle repair facility, new car wash facility, new ablution facility, new guard house & storage area

In the Alfred Nzo District, we are implementing the Informal Trade Infrastructure (Phase 1) project.

Funding under the Provincial Stimulus Fund of R21,3m

SCOPE

24 new formal stalls, new vehicle repair facility, new car wash facility, new ablution facility, new guard house & storage area PROJECT UNDERWAY Site clearance & bulk earthworks At least 14 jobs created

In the Alfred Nzo District, we are implementing the Informal Trade Infrastructure (Phase 1) project.

Funding under the Provincial Stimulus Fund of R21,3m

SCOPE

24 new formal stalls, new vehicle repair facility, new car wash facility, new ablution facility, new guard house & storage area PROJECT UNDERWAY Site clearance & bulk earthworks At least 14 jobs created DEDEAT IS FUNDER; also involves ECDC

ENKOSI KAKHULU

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