Eastern Cape Business 2023-24

Focusing on targeted sectors allows the
province to demonstrate investment projects in
the implementation and planning phase, detail
the investment landscape for niche investment
projects and encourage domestic and international
investors to partner with the Eastern Cape province
on investment projects.
Investment project showcasing was presented
across the following sectors:
• Manufacturing
• Primary agriculture
• ICT and digital services
• Automotive
• Renewable energy
• Agro-processing
• Film
• Aquaculture
• Economic infrastructure
During the time in office of the current administration,
the sixth administration, a cumulative investment total of
R171.45-billion has been achieved. This has resulted in the
creation of 21 664 direct jobs opportunities.
This cumulative investment total from 2019 to
2022 is derived from:
• Private sector investments: R7.51-billion
• Public sector investments: R22.8-billion
• Private sector investments (January to October
2022): R95.06-billion
• New investment announcements at conference:
R46.08-billion
The objectives of hosting a Provincial Investment
Conference are to:
• Position the Eastern Cape as an attractive
investment destination.
• Attract quality greenfield and brownfield
investment projects into the Eastern Cape.
• Coordinate investment attraction efforts across
spheres of government in the province.
• Direct investment into strategic and labourintensive
sectors to address under investment.
• Promote investment facilitation and aftercare
services offered to investor community in
the province.
• Strengthen the Eastern Cape investment
project pipeline.
For additional information on the Provincial
Investment Conference please refer to;
https://easterncapepic.co.za/
From contacts to contracts:
the Eastern Cape is perfectly placed
Extract from a recorded message to the conference
from President Cyril Ramaphosa.
President Cyril Ramaphosa. Credit: AfDB
Your conference is taking place at a time of unparalleled multidimensional
crisis. The Eastern Cape is perfectly placed to attract new
investment in old and news sectors of our economy. This province is
the land of enormous opportunity.
It is the heartland of our country’s automotive industry, which is
a major contributor to our nation’s exports and GDP.
The Eastern Cape has two Special Economic Zones at Coega and
East London, which attract strategic investment into the province.
This is supported by a concerted infrastructure drive in the province.
I have seen impressive progress with the N2 Wild Coast road and
Msikaba Bridge. Upon completion, these projects will bring immense
benefit to the provincial economy, and indeed will impact positively
on the lives of the citizens of this province.
The province has been hard at work to improve efficiency
at the ports. These are signs of the provincial government hard at
work with Transnet to make the Eastern Cape an efficient and costeffective
place to do business and to support manufacturers to get
their goods to market.
The Eastern Cape has also shown potential as a destination for
renewable energy. Earlier this year, Department of Mineral Resources
and Energy announced a R3-billion investment in the Eastern Cape.
We trust that delegates to this conference will explore some
of the abundant opportunities in agriculture and agriprocessing
as well as in the expanding field of cannabis cultivation and the
Oceans Economy.
The Eastern Cape is one of the country’s most biodiverse regions;
places like the Wild Coast attract tourists from all over the world. It is
hoped this conference will discuss ways to attract more investment
in tourism services and infrastructure.
Given all this positive environment, our expectation for this
investment conference is very high.
Let us come together to turn pledges into reality. I hope we can
move from contact to contract.