Maphumulo IDP - KZN Development Planning

7.9 DEPARTMENT ECONOMIC DEVELOPMENTThe vision of theDepartment ofEconomicDevelopment is:For KwaZulu-Natal, throughthe expertiseand initiatives ofthe department,to be theleadingprovince ineconomicdevelopmentand to developa globallycompetitiveeconomy whosebenefits areequitably sharedby its citizens.The department’smission is to formulateand implementeffective economicdevelopmentstrategies that promotesustainable economicdevelopment and jobcreation within theProvince of KwaZulu-Natal.(i) TO REDUCE POVERTY BY 50% BY 2014o Creating sustainable jobso Skills development and capacity buildingfor government and civil societyo Facilitating access to asset base for thepooro Promotion of social enterprises (cooperatives,S21, trusts)(ii) GROW THE ECONOMY BY 8% BY 2014o Promotion of integrated EconomicDevelopment planningo Facilitate improved globalcompetitiveness in industrieso Promotion of new SMME’so Facilitate the improvement ofinfrastructure platformooPromotion of Foreign Direct InvestmentPromotion and advancement of BlackEconomic Empowerment(iii) TO PROMOTE GOOD CORPORATEGOVERNANCEo Promotion of compliance withgovernment policies and lawFacilitate strategic stakeholder partnerships in thedevelopment of provincial economy(iv) TO AIM TO BE THE CENTRE OF EXCELLENCE• Becoming a learning organisation• Promoting a culture of goodgovernance• Lead in R & D & Innovation• Becoming an information hub__________________________________________________________________________________________Maphumulo Integrated Development Plan (IDP) 2012 - 2013Final June 2012Page 98 of 142