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