APRIL 1, 2019: A total of 105 families will be homeowners for the first time following a deal which has resulted in the Eastern Cape Development Corporation (ECDC) transferring its ownership of Zithulele Township in Butterworth to the Mnquma Local Municipality. The ECDC-owned township has 105 houses and eight vacant plots worth R5,7 million. As part of the agreement, ECDC has provided the municipality with a list of valid tenants who have a right to take ownership of each property once the … [Read more...] about 105 Families to get Title Deeds for First Time
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Inaugural Eastern Cape Export Symposium
A total of 200 export industry delegates and 27 exhibitors are billed to attend the first Eastern Cape Export Symposium and Exhibition at the Abbotsford Christian Centre in East London between the 27 and 28th of March. An initiative of the Eastern Cape Development Corporation (ECDC) in partnership with the Buffalo City and Nelson Mandela Bay metros, the symposium will bring together industry experts, established exporters and export-ready small businesses with the aim of facilitating high … [Read more...] about Inaugural Eastern Cape Export Symposium
R74 Million New Look For Mthatha Garden Court
The Eastern Cape Development Corporation (ECDC) owned Mthatha Garden Court Hotel has completed a comprehensive R 74 million facelift – its first refurbishment since its establishment in 1976. The improvements to the structure which come with a four-star grading were funded by ECDC as the landlord to the value of R63 million and the fixtures and fittings were funded by the operating company called the Mthatha Hotel to the tune of approximately R11 million. The operating company which leases … [Read more...] about R74 Million New Look For Mthatha Garden Court
163 Enterprises Receive R98.3 Million
Development financier, the Eastern Cape Development Corporation (ECDC) says it disbursed R98,3 million to 163 businesses in the 2017/18 financial year. Announcing the Corporation’s annual results, ECDC chief executive Ndzondelelo Dlulane says loan repayments amounted to R120 million in the period under review. In terms of the quality of the development finance portfolio, ECDC continued to improve its due diligence and monitoring capabilities which has resulted in the maintenance of a decent … [Read more...] about 163 Enterprises Receive R98.3 Million
East Cape Film Producers Invited to Submit Proposals
In a move aimed at ramping up support for the film industry in the Eastern Cape, the Eastern Cape Development Corporation (ECDC) and the Eastern Cape Provincial Arts and Culture Council (ECPACC) are calling on South African producers who wish to produce and shoot films in the province to submit proposals for feature films, short films, documentaries and series projects. The expression of interest closes on 2 July 2018 and the proposals will help the Eastern Cape government determine the type … [Read more...] about East Cape Film Producers Invited to Submit Proposals
Congratulations for Nelson Mandela Bay Enterprise Development Programme Graduates
Fifteen small businesses drawn from across the Nelson Mandela metro today graduated from a six-month Eastern Cape Development Corporation (ECDC)/Nelson Mandela Bay Business Chamber (NMBBC) enterprise development programme which has attracted R1,052 million in funding from the ECDC in the last four phases. Besides receiving a certificate during the graduation ceremony, graduates will receive a year’s free membership of the Nelson Mandela Bay Business Chamber. This entitles them to participate … [Read more...] about Congratulations for Nelson Mandela Bay Enterprise Development Programme Graduates
R15.7 Million Distributed to Rural Enterprises in 2017
The Eastern Cape Rural Development Agency (ECRDA) disbursed a total of R15,7 million in loans 159 clients in the 2016/17 financial year. The bulk of the loan disbursements were agricultural loans which accounted for R14,4 million of the disbursements and the balance were non-agricultural loans. A total of R7,6 million was disbursed to businesses in the Alfred Nzo District Municipality, R3,7 million to OR Tambo district, R1,98 million to Chris Hani district, R1,6 million to the head office … [Read more...] about R15.7 Million Distributed to Rural Enterprises in 2017
NMU and ECDC Partnership in Support of Operation Phakisa
Mandela University and ECDC partnership to boost EC economy through Operation Phakisa Nelson Mandela University and the Eastern Cape Development Corporation (ECDC) have entered into a three-year partnership agreement aimed at revitalising and stimulating the provincial economy in line with Operation Phakisa objectives. In a memorandum of understanding (MOU) signed at Mandela University on 21 November 2017, the parties have committed to exploring possible areas of collaboration; with the … [Read more...] about NMU and ECDC Partnership in Support of Operation Phakisa
Mandela University and ECDC partnership to boost EC economy through Operation Phakisa
Mandela University and ECDC partnership to boost EC economy through Operation Phakisa: Nelson Mandela University and the Eastern Cape Development Corporation (ECDC) have entered into a three-year partnership agreement aimed at revitalising and stimulating the provincial economy in line with Operation Phakisa objectives. Source: News Latest News. … [Read more...] about Mandela University and ECDC partnership to boost EC economy through Operation Phakisa
R168 million disbursed to 263 businesses
The Eastern Cape Development Corporation (ECDC) says it disbursed R168 million to 263 businesses in the 2016/17 financial year. Announcing the development financier’s annual results today, ECDC chief executive Ndzondelelo Dlulane says the disbursed amount exceeded its R110 million target. A total of 118 youth-owned businesses benefitted from the loan disbursements. The majority of disbursements, R115 million, went to businesses involved in construction activities. Loan disbursements were … [Read more...] about R168 million disbursed to 263 businesses
Taking on the ‘Big Guys’
A Mount Frere-based agricultural co-operative in the Alfred Nzo district of the Eastern Cape is taking its fight to the "big guys" in its quest to enter the commercial agro-processing and meat production market. The Matyeni Agricultural Co-operative which was established in 2012, last week launched a processing facility which produces livestock feed and maize meal with the backing of a R500 000 grant from development financier, the Eastern Cape Development Corporation's (ECDC) Imvaba … [Read more...] about Taking on the ‘Big Guys’
There’s ‘gold’ in them thar potatoes
Development financier, the Eastern Cape Development Corporation (ECDC) says it has disbursed a total of R80,7 million to 153 co-operatives in the Eastern Cape through its Imvaba Co-operatives Fund since 2009 mainly to enterprises in the agriculture, manufacturing and services sectors. Speaking at the OR Tambo Farmer's Day and Potato Production Programme Launch in Mthatha today, ECDC acting Imvaba Co-operative Fund manager Simphiwe Ntshweni says of the R80,7 million, R3,357 million went to … [Read more...] about There’s ‘gold’ in them thar potatoes
Wine, Rabbits and Fibre benefit from ECDC Funding
An Eastern Cape Development Corporation (ECDC) funded polyfibre project has been bolstered with a R22 million injection from the Department of Trade and Industry's Employment Creation Fund for the establishment of a factory in Port Alfred and three buy-back centres in Stutterheim, Grahamstown and Port Alfred. Funded with an initial R2,2 million by ECDC, the ECDC-funded polyfibre project has received South African Bureau of Standards (SABS)certification for the material, which moves it closer … [Read more...] about Wine, Rabbits and Fibre benefit from ECDC Funding
ECDC’s R92.3 Million Loan Book
Development financier, the Eastern Cape Development Corporation (ECDC), says it disbursed a total of R92,3 million in loans to 260 Small Medium and Micro Enterprises (SMMEs) in the 2015/16 financial year. Announcing the financier's annual results in East London today, ECDC chief executive Ndzondelelo Dlulane says the results coupled with an unqualified audit opinion, are an indication of ECDCs positioning as a trusted custodian of public funds as well as a provider of high impact and … [Read more...] about ECDC’s R92.3 Million Loan Book
Business Chamber helps small businesses grow
Applications have opened for the third set of small business owners to boost their businesses by participating in the Nelson Mandela Bay Business Chamber's sought-after Enterprise Development Programme. The Enterprise Development Programme was first launched in 2014, followed by the pilot group of business owners and managers graduating in June last year. The second phase was launched in July 2015, and saw a new group of 30 participants graduating in December last year. 20 to 30 small … [Read more...] about Business Chamber helps small businesses grow
