With a primary focus on critical sectors that play an important part in stimulating the country’s economic growth, the IDC Eastern Cape regional operations offer funding and business support to local automotive, agricultural and forestry, and plastic manufacturing sectors in the region.
From the localisation of automotive component manufacturing to developing the agro-processing value, expanding on existing forestry plantations and timber processing plants and other manufacturing operations established int the regions, IDC remains committed to investing in strategic business relationships, offering distressed funding assistance while also forging innovative stakeholder collaborations.
While already a critical regional player in South Africa’s automotive manufacturing sector, given its diverse landscapes and unique climate conditions, the Eastern Cape’s west region offers a dynamic portfolio of business opportunities and job creation. Serviced by two harbours that facilitate inbound and outbound logistics enabling international trade, the region also receives much attention from renewable energy sectors and the agro-Processing markets.
Eastern Cape West has a diverse climate and landscape which ranges from deserts to lush forests of the Tsitsikamma with an exquisite coastline.
Automotive manufacturing is an important component of the economy with VWSA, Isuzu, FAW and Ford Engine plant already operating and the BAIC SA plant being built within the province. Two harbours allow inbound and outbound logistics which allows trade with the rest of the world, being developed further with investment planned by Transnet under Operation Phakisa initiative within the industrial node of Coega SEZ.
EC West has had significant investment in the wind renewable space and this assists for local production of renewable energy. Key agricultural sectors are deciduous fruits, pineapples, chicory, dairy, goats and sheep. The EC is the second largest producer of citrus fruit in South Africa. South Africa produces 50% of world’s mohair, most of which is from Eastern Cape. South Africa imports mohair and processes about 80% of world mohair.