Updated: Dec 13, 2021
The Eastern Cape Development Corporation (ECDC) has reached important milestones which serve as the beginning of the renewal for the Corporation, the appointment of a fulltime Chief Executive Officer, Mr Ayanda Wakaba, and the development of its Property Portfolio Turnaround Plan.
01 July 2021
Joining the ECDC at the peak of its transformation, Wakaba is a seasoned independent governance practitioner with over fifteen years in governance backed by 18 years of experience in executive management. He has held executive management roles including; CEO of a District Municipal Development Agency, CEO of a Municipal Management Consulting Services Entity as well as COO of a National Social Infrastructure Delivery Agency and has also held a number of chairmanship and membership positions in public sector governance structures where he has distinguished himself as good governance champion.
Mindful of the socio-economic challenges and pressures that the Eastern Cape province faces, Mr Wakaba has expressed that he commences on this role, he is “aware of the hopes and aspirations of the citizens of this beautiful province, the near depleted patience and waning faith of communities in government and the public sector in general, I know too well that only - an executed task, a job done, a service delivered or a commitment fulfilled matters.”
Wakaba has an accounting, auditing, finance and business management educational background having acquired a Bachelor of Commerce Accounting, Honors in Bachelor of Accounting Sciences, an Advanced Diploma in Accounting Sciences and Master of Business Management and Administration (MBA).
“We are pleased to have Wakaba join the ECDC as its CEO, his credentials are unquestionable he will be the right addition to the ECDC leadership, the Board has all the confidence in him.” said ECDC Chairperson Vuyani Jarana.
“He joins the ECDC at the most challenging times when the Corporation needs renewal and turnaround to be able to play its rightful role as a lead economic development agency for the Eastern Cape. The demand for support by our SMMEs has never been this high and requires a fit for purpose and responsive ECDC” said Jarana
A series of actions will be undertaken to implement the revised ECDC Property Turnaround Plans over the next few weeks, starting with the disposal of non-core assets on its property portfolio through auctioning of vacant land across in Mthatha on 10 July 2021. Following that, there will be a Call of Expressions of Interest to selected properties across the Eastern Cape. Details on the auction are published on the ECDC Website www.ecdc.co.za and those of the Call of Expressions of Interest will be pushed from 15 July 2021.
On the other hand, ECDC has embarked on a process of developing its long-term strategy and a call for public participation has been issued requesting key stakeholders to make inputs to the strategy formulation process at firstname.lastname@example.org