The new vision of the ECDC is, a leader in facilitating inclusive sustainable economic growth.
To promote and coordinate inclusive economic development through innovative finance and investment solutions.
In pursuit of its vision and mission the ECDC is committed to and guided by the following values:
Integrity – In all our dealings with all people we are known for our spirit of honour, reliability and accuracy.
Professionalism – We are defined by our positive, presentable, demeanour and our quest for continuous improvement.
Accountability – We are always ready to give a truthful, accurate account of our use of company time, assets and opportunities.
Teamwork – None of us is as productive as all of us when we complement each other to achieve a common goal.
Innovation - We reflect and embrace innovation in all we say, think and deliver on.
Customer-centrism - We place maximum value on the centralty of the customer in dealing on our mandate.
The constitution says that the government has an obligation to transform the economy into one that does not discriminate, that protects and respects the dignity of each person and steadily improves the standards of living. ECDC‘s mandate is to plan, finance, co-ordinate, market, promote and implement development of the Province and its people in the fields of industry, commerce, agriculture, transport and finance. ECDC, in its current form, emerged due to the merger of the following development finance institution
In fulfilling its mandate, the ECDC is guided by the following legislation and policy framework amongst others:
Eastern Cape Development Corporation Act No. 2 of 1997.
White paper on SMME promotion
National Small Business Act 29 of 2004, as amended
Co-operatives Act No. 14 of 2005, as amended
Co-operatives Bank Act No. 40 of 2007
Preferential Procurement Policy Framework Act No. 5 of 2000
Broad Based Black Economic Empowerment Act No. 46 of 2013, as amended
Companies Act No. 71 of 2008, as amended
National Credit Act No. 34 of 2005, as amended
Prescription Act No. 68 of 1969
Public Finance Management Act No. 1 of 1999
The Eastern Cape Development Corporation's Board of Directors, and Executive Management's ability to deliver on the Corporations' purpose, mission and strategic objectives is underpinned by the quality and expertise of its leadership.
Board of Directors
Interim Chairperson of the Board Simphiwe Somdyala
Chief Executive Officer Ndzondelelo Dlulane
Executive Manager: Legal Mandla Mpikashe
Head: Development Finance and Business Support Tandeka Rozani
Acting Head: Trade, Investment and Innovation Rowan Govender
Head: Properties and Strategic Projects Craig Thompson
Executive Manager: Corporate Services Lesley Govender
Interim Chief Financial Officer Nielesh Ravgee
EL Regional Office
Ocean Terrace Park, Moore Street
Quigney, East London
PO Box 11197, Southernwood, 5213
Tel +27 (0) 43 704 5604
68 Cape Road, Mill Park
PO Box 1331, Port Elizabeth, 6000
Tel +27 (0) 41 373 8260
Fax +27 (0) 41 374 4447
7 Sisson Street, Fort Gale
Private Bag X5028, Mthatha, 5099
Tel +27 (0) 47 501 2200
Fax +27 (0) 47 532 3548
98 Somerset Street
P O Box 198, Aliwal North, 9750
Tel +27 (0) 51 633 3007
regional OFFICE - QUEENSTOWN
22 Cathcart Road
Private Bag X7180, Komani, 5320
Tel +27 (0) 45 838 1910
Fax +27 (0) 45 839 3014
24 High Street
PO Box 117, Butterworth, 4960
Tel +27 (0) 47 401 2700
Fax +27 (0) 47 491 0443