Eastern Cape Business 2023-24
The 2023/24 edition of Eastern Cape Business is the 16th edition of this successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape Development Corporation (ECDC) is supporting this issue of the journal, both in providing up-to-date information for editorial use and in sharing information about its activities. It will also distribute the journal through its regular channels. The Eastern Cape’s multi-faceted approach to the challenges and opportunities of sustainability are explored in a special feature. From caring for agricultural land through partnerships between farmers, wool brokers and fashion houses, to solar panels and improved lighting and water systems, companies are finding ways to incorporate sensible and profitable solutions into their business models. The Nelson Mandela Bay Development Agency celebrates a significant milestone this year, it being 20 years since it began operations.
The 2023/24 edition of Eastern Cape Business is the 16th edition of this successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape Development Corporation (ECDC) is supporting this issue
of the journal, both in providing up-to-date information for editorial use and in sharing information about its activities. It will also distribute the journal through its regular channels.
The Eastern Cape’s multi-faceted approach to the challenges and opportunities of sustainability are explored in a special feature. From caring for agricultural land through partnerships between farmers, wool brokers and fashion houses, to solar panels and improved lighting and water systems, companies are finding ways to incorporate sensible and profitable solutions into their business models. The Nelson Mandela Bay Development Agency celebrates a significant milestone this year, it being 20 years since it began operations.
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MESSAGE<br />
Investment, a key lever for driving<br />
sustainable economic development<br />
Investment as a key factor in encouraging sustainable economic<br />
development was the theme of the second annual <strong>Eastern</strong> <strong>Cape</strong><br />
Investment Conference held at the International Conference Centre in<br />
East London in October 2022.<br />
sectors. These included: manufacturing – Lisen<br />
Bitumen; primary agriculture – Al Mawashi; ICT and<br />
digital services – Google South Africa, Mercedes-Benz<br />
South Africa ICT Hub; automotive – Isuzu, Mercedes-<br />
Benz, Orion Engineered Carbon; renewable energy<br />
– SunFarming, Hive Energy, Seraphim, Bushveld<br />
Electrolyte; agro-processing – Twizza; film – Survivor;<br />
aquaculture – Zwembesi, KingFish Enterprise;<br />
economic infrastructure - Transnet, SANRAL.<br />
The following new investments were unveiled:<br />
• Shoprite distribution centre, R1.5-billion<br />
• Tshedza Pictures, R85-million<br />
• Transnet Port of Ngqura, R1.59-billion<br />
• Benteler, R168-million<br />
• SunFarming, R500-million<br />
• Mhlobiso Concrete, R9.5-million<br />
• Toyota Material Handling, R60-million<br />
• Sanaha Property Developments, R542-million<br />
• Sanral, R7.23-billion<br />
• Aqora Lithium Battery, R34.4-billion<br />
Preparing the way for investment. A concerted<br />
infrastructure drive to improve connectivity in the<br />
<strong>Eastern</strong> <strong>Cape</strong> includes the N2 Wild Coast road and the<br />
Msikaba Bridge. Credit: SANRAL<br />
The conference was a resounding success with<br />
new investment projects amounting to R46.08-<br />
billion being announced and recently-launched<br />
investment projects in the province profiled.<br />
Speakers included <strong>Eastern</strong> <strong>Cape</strong> Premier Oscar<br />
Mabuyane and a number of investors who spoke about<br />
their experiences in investing in several transformative<br />
The one-day event was presented in a hybrid<br />
format, offering in-person and virtual participation<br />
for private and public sector participants. Public<br />
sector infrastructure investment projects that<br />
further enable the <strong>Eastern</strong> <strong>Cape</strong> investment<br />
environment were also showcased.<br />
The Conference prioritised sectors and industries<br />
that are poised to better transform the structure of<br />
the economy towards inclusive development. The<br />
Conference showcased the advances the province<br />
has made with regards to investor coordination and<br />
facilitation across provincial, district and local spheres.<br />
EASTERN CAPE BUSINESS <strong>2023</strong>/<strong>24</strong><br />
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