2007 / 2008 Annual Report - Eastern Cape Development Corporation

EASTERN CAPE DEVELOPMENT CORPORATION 2007/08PART 3PROGRAMME PERFORMANCEDevelopment Support SERVICES1 STRATEGIC GOALS2 BUDGETTo increase rural economic development through implementing sustainable economic development projects in selectedsectors and geographical areas.ProgrammeBudget(R’000’s)Actual(R’000’s)%DeviationReason for deviationRural Projects 17,832 Overheads 14,695 +4 Above budget primarily due to corporate servicesincl VAT Projects 3,907overhead allocation of R4,202 K. Projectsunderspent due to slow progress when engaging20,329 18,602many community stakeholders3 OUTPUTS AND SERVICE DELIVERY TRENDS3.1 Programme 1: Project Identification, Scoping and Implementation3.1.1 Programme 1: Project Identification, Scoping and Implementation and Performance for 2007/08Measurable objectives Performance Measure PlannedPerformanceTo create jobs andwealth throughestablishing viable andsustainable projectsActualPerformance%DeviationReason for deviationNumber of projects identified 64 69 +8 Target exceededECDC funding used for businessrelated studies and crop trials3rd party funding obtained forbusiness related studies, croptrials and project implementationR6,2 mil R6,632 mil +7 Target exceededR101,8 mil R103,84 mil +2 Target exceededNumber of projects established 29 19 -34 Below target. Reasonsinclude the length oftime it takes to establishprojects from projectidentification and numberof stakeholders involved.Number of actual jobs createdand/ or savedECDC funding used for projectimplementation2 691 2 479 -8 Below target mainlybecause of the timeit takes to implementprojects. Included in theactual is 1 500 jobs savedin the pineapple industry.R2,4 mil 0 -100 Below budget, themain reason being slowprogress when engagingmany communitystakeholders during thescoping phase.49