2007 / 2008 Annual Report - Eastern Cape Development Corporation

EASTERN CAPE DEVELOPMENT CORPORATION 2007/08PART 3PROGRAMME PERFORMANCETRADEPROMOTION1 Strategic goals:To increase exports from the Eastern Cape province and to increase the number of exporters in the province in alltargeted sectors.Focus sectors:The sectors with the highest production capacity and manufacturing capability are:• Automotive• Agro-processing• ManufacturingFocus target countries:In addition to the EU and US markets, the unit has begun to promote exports into the Middle East and the neighbouringAfrican countries whose economies are growing substantially. Due to similar environmental and infrastructuralconditions, products developed and made for the South African market are found to be more suitable for other Africancountries than European countries.2 BUDGETProgrammeSub-programme 2.2:Trade PromotionBudget(R’000’s)3,947(4,500 incl vat)Actual(R’000’s)%DeviationReason for deviationOverheads 2,804 +22 Overspend due to corporateProjects 1,996overhead allocation (R811K)Total 4,8003 OUTPUTS AND SERVICE DELIVERY TRENDS3.1 Trade promotion performance in 2007/08MeasurableObjectivesIncreasethe value ofexportsPerformance MeasureValue of exportsgeneratedPlannedPerformanceActualPerformance% Deviation Reason for deviationR20 mil R46,171 mil +131 Targets were over achieved dueto a weaker rand and soonerthan expected turnaround ordersgenerated from trade missionsIncrease thenumber ofexportersIncrease thevalue of tradewithin theprovinceGeneration of newexportersNumber of existingexporters assistedNumber of businessesbenefiting from DTIincentives10 16 +60 Target exceeded due to the weakerrand30 31 +3 Target exceeded48 16 -66 The shortfall is a result ofmissions cancelled by the DTI andunsuccessful applications dueto delays in submitting requireddocumentation39