Corporate Profile
About US
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Vision
The new vision of the ECDC is, a leader in facilitating inclusive sustainable economic growth.
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Mission
To promote and coordinate inclusive economic development through innovative finance and investment solutions.
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Values
In pursuit of its vision and mission the ECDC is committed to and guided by the following values:
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Integrity – In all our dealings with all people we are known for our spirit of honour, reliability and accuracy.
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Professionalism – We are defined by our positive, presentable, demeanour and our quest for continuous improvement.
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Accountability – We are always ready to give a truthful, accurate account of our use of company time, assets and opportunities.
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Teamwork – None of us is as productive as all of us when we complement each other to achieve a common goal.
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Innovation - We reflect and embrace innovation in all we say, think and deliver on.
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Customer-centrism - We place maximum value on the centralty of the customer in dealing on our mandate.
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Constitutional Mandate
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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
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In fulfilling its mandate, the ECDC is guided by the following legislation and policy framework amongst others:
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Eastern Cape Development Corporation Act No. 2 of 1997.
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White paper on SMME promotion
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National Small Business Act 29 of 2004, as amended
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Co-operatives Act No. 14 of 2005, as amended
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Co-operatives Bank Act No. 40 of 2007
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Preferential Procurement Policy Framework Act No. 5 of 2000
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Broad Based Black Economic Empowerment Act No. 46 of 2013, as amended
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Companies Act No. 71 of 2008, as amended
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National Credit Act No. 34 of 2005, as amended
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Prescription Act No. 68 of 1969
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Public Finance Management Act No. 1 of 1999

leadership
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 |
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executive management
Executive Managers
our footprit