Eastern Cape Development Corporation (ECDC)
|Postal||PO Box 11197, Southernwood, East London, 5213|
|Physical||Ocean Terrace Park, Moore Street, Quigney, East London|
|Tel||043 704 5600|
|Fax||043 704 5700|
OverviewThe mission of the Eastern Cape Development Corporation (ECDC) is to promote sustainable economic development in the Eastern Cape through focused provision of innovative development finance and leveraging of resources, strategic alliances, investment and partnerships.
The ECDC Act preamble states that the corporation will plan, finance, coordinate, market, promote and implement development of the province and its people in the fields of industry, commerce, agriculture, transport and finance.
As defined in the shareholder's compact entered into by the ECDC Board and the MEC for the Department of Economic Development, Environmental Affairs and Tourism (DEDEAT), ECDC's strategy focuses on it becoming a viable development finance corporation for the promotion of economic growth in the Eastern Cape by stimulating economic activity through focused investment in vital sectors of the Eastern Cape economy; investing in intellectual leadership; optimising all resources to maximise investment returns and attain financial sustainability; building a strong brand; and establishing integrated partnerships with stakeholders to ensure maximum leverage of resources and development outcomes.