Eastern Cape

EASTERN CAPE

With its net approvals in 2012 amounting to R861-million in the Eastern Cape, the Industrial Development Corporation’s (IDC) funding was across a number of sectors, including the automotive industry, agro-processing and textiles with the majority of funding channeled towards the relatively new renewable energy sector.

 

In the renewable energy sector, the IDC funded a number of wind farms within the Eastern Cape as well as the DCD wind turbine tower factory in the Coega Industrial Development Zone.

The Department of Trade and Industry (the dti) with its Automotive Production and Development Programme, which aims to increase local production of light motor vehicles to 1.2 million a year by 2020, has greatly assisted the Eastern Cape automotive sector. IDC has supported this sector by providing financial assistance to the suppliers of the Original Equipment Manufacturers (OEMs). This has enabled component manufacturers to increase their production value add as suppliers and for the OEMs to increase their local content procurement.

 

For the near future, the IDC Eastern Cape office is looking to support agro-processing projects which will assist in the rejuvenation of the irrigation schemes within the province and to finance the processing of natural fibres from sheep and goats. In addition, IDC aims to finance community forestry projects and concentrate on supporting the strong automotive sector within the province which can be expanded into other advanced manufacturing as component suppliers to the renewable energy sector.

Mandisi Rungqu

Mandisi Rungqu

Regional manager
EASTERN CAPE EAST

East London

 

Physical address:
Chesswood Office Park
2nd Floor Block B
Winkley Street
Berea, East London

 

Postal address:
PO Box 19048
Tecoma
5214

 

Telephone:
Tel: 043 721 0733
Fax: 043 721 0735

Mthatha

 

Physical address:
ECDC House
7 Sissons Street, Fortgale, Mthatha, 5099

 

Telephone:
Tel: 047 504 2200

Fax: 047 531 1587

Kingsley Dell Robertson

Kingsley Dell Robertson

Regional manager
EASTERN CAPE WEST

Port Elizabeth

 

Physical address:
Southern Life Gardens
Block A (Ground)
70 Second Avenue
Newton Park, Port Elizabeth

 

Postal address:
PO Box 27848
Greenacres
Port Elizabeth
6057

 

Telephone:
Tel: 041 363 1640
Fax: 041 363 2349

CASE STUDIES

COEGA DEVELOPMENT ZONE PROJECTS OPERATIONAL

Supporting renewable energy efforts and metals beneficiation, two Industrial Development Corporation-funded Coega Development Zone projects will also create some 500 job opportunities for locals….

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