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17 August: The Eastern Cape Development Corporation (ECDC) says it has reviewed the Eastern Cape Jobs Stimulus Fund to accommodate businesses that are in distress due to the effects of COVID-19. This follows an announcement by government that it has set aside an additional R75 million in funding to augment the R17,4 million that was initially allocated to the current Jobs Stimulus Fund for the 2020/21 financial year. In its initial form, the ECDC- administered Jobs Stimulus Fund only … [Read more...] about Jobs Stimulus Fund To Accommodate Businesses Affected By Covid-19

Entrepreneurs in the Nelson Mandela Bay metro are invited to participate in the seventh phase of the Eastern Cape Development Corporation (ECDC) and Nelson Mandela Bay Business Chamber enterprise development programme. The enterprise development programme which comes at an annual cost of R 748 247, is funded by the ECDC and it is project managed by the Nelson Mandela Bay Business Chamber. The programme is aimed at improving the business management skills of small businesses through on-the-job … [Read more...] about Applications Open For Enterprise Development Programme

The Eastern Cape Development Corporation (ECDC) is advising all its legal tenants at its residential and commercial properties that it only collects rental through a debit order system and per speed point at the ECDC offices and direct deposit into ECDC’s bank account at the bank as agreed with its tenants. This advisory comes after the Corporation was made aware that there are attempts to collect rental from both legal tenants and evict illegal invaders of ECDC properties by some groups of … [Read more...] about Tenants Advised to be on the Lookout Against Collection Scams and Illegal Evictions

The Eastern Cape Development Corporation (ECDC) is nearing completion of the R50 million first phase of the R2 billion Dimbaza Industrial Park revitalisation project. The first phase of the project is security upgrades which come at a price tag of R50 million which is financed by the Department of Trade and Industry (the dti). By October 2019, the security upgrades were at 70% completion. The practical completion of the security upgrades which includes fencing, construction of guard houses … [Read more...] about R2 Billion Dimbaza Industrial Park Upgrades Underway

Maize meal produced by rural farmers at the Mqanduli Rural Enterprise Development Hub (RED HUB) milling plant outside Mthatha has hit the Spar Group stores in the Eastern Cape in an eight-year trade support package anticipated to grow sales revenue to in excess of R30 million by year five. The rural farmers are organised around a Rural Enterprise Development Hubs model spearheaded by the Eastern Cape Rural Development Agency (ECRDA). The RED HUBs aim to catalyse, develop and sustain as much … [Read more...] about 8 Year Trade Agreement to Generate over R30 Million Sales Revenue for Rural Farmers

The Eastern Cape Development Corporation (ECDC) says a total of 190 Eastern Cape small businesses received R41,8 million in loan advances which facilitated the creation of 359 jobs in the 2018/19 financial year. Announcing ECDC’s 2018/19 annual results on the back of an unqualified audit opinion in 2018/19, chief executive officer Ndzondelelo Dlulane says the average loan repayment rate was 80% in 2018/19. A total of 359 jobs were facilitated through the loan funding instruments which … [Read more...] about Eastern Cape SMME’s Receive R41.8 Million Loan Funding

The Eastern Cape Development Corporation (ECDC) has begun an eviction process of 45 tenants through an order of the court at its Butterworth residential and industrial properties. These 45 tenants owe the ECDC a combined R40 million in arrear rentals. The group of 45 forms part of 173 tenants who have been handed over to ECDC attorneys to undergo the eviction process. Already four tenants have been evicted by ECDC at its Butterworth properties for longstanding arrear rentals this year. These … [Read more...] about 45 Tenants Being Evicted

The Eastern Cape Development Corporation (ECDC) last week concluded a two-week long trade promotion tour of Nigeria and China aimed at improving trade between the Eastern Cape and these two fast growing economies. In the last week of August ECDC together with its Western Cape trade and investment counterpart WESGRO, took 12 companies on a trade tour of Nigeria facilitated by both entities. Six of the 12 companies are from the Eastern Cape which are the Elvin Group, Glenmor Soap, Magwa Tea … [Read more...] about ECDC Nigeria and China Trade Promotion Tour

KwaZakhele accountant Bathulile Mdabula (30) of Bathulile LPPG Consulting is one of 18 Nelson Mandela Bay entrepreneurs who were today graduated from the fifth phase of the Eastern Cape Development Corporation (ECDC) and Nelson Mandela Bay Business Chamber enterprise development programme of 2018/19. Aimed at improving the competitiveness and sustainability of Nelson Mandela Bay businesses, ECDC has injected R1,547 million into the programme since the 2014/15 financial year with 119 … [Read more...] about Congrats to Enterprise Development Programme Graduates