September 17, 2013: The world is an oyster for Uitenhage start-up businessman David Jacobs who realised his dream of starting his own successful grilled chicken business with a R500 000 capital from development financier, the Eastern Cape Development Corporation (ECDC). When Jacobs was making the rounds to various financial institutions a year ago, getting doors closed in his face and faced with the prospect of giving up on his aspirations, his saving grace came in the form of ECDC. With … [Read more...] about ECDC gives life to Uitenhage entrepreneur’s business aspirations
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ECDC annouces R15 million investment in automotive sector
September 17, 2013 - In a move aimed at further increasing local content in the Eastern Cape automotive components manufacturer industry, the Eastern Cape Development Corporation (ECDC) today announced it has approved a R15 million investment into an East London based global automotive company TrelleborgVibracoustic-Ikhwezi. In the last year alone the East London Industrial Development Zone (IDZ) has announced investments amounting to some R640 million by three global automotive components … [Read more...] about ECDC annouces R15 million investment in automotive sector
Chinese market provides enormous growth for Eastern Cape companies
Backed by development financier, the Eastern Cape Development Corporation (ECDC), Mend-A-Bath International, the world’s leading bathroom fixture resurfacing products exporter is pursuing export opportunities in China in a bid for a share of the lucrative and large Asian consumer market. Founded in Port Elizabeth in the mid 1970’s by the late Ivor Benn when he bought a struggling bath resurfacing business, Mend-A-Bath International is one of seven Eastern Cape companies placed by ECDC on a … [Read more...] about Chinese market provides enormous growth for Eastern Cape companies
East Cape Trade Doubles
The Eastern Cape Development Corporation (ECDC) says its increased facilitation efforts have yield results, with the province's trade doubling in the 2010/11 financial year. ECDC board of directors' deputy chairperson, Dr Somadoda Fikeni, on Wednesday said foreign and local direct investment in the province in the 2010/11 period increased by R71 million to R661 million, while the value of exports from the Eastern Cape increased from R502 million to over R1 billion. The corporation's CEO, … [Read more...] about East Cape Trade Doubles
