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Eastern Cape Business 2024

  • Text
  • Renewables
  • Automotive
  • Ecotourism
  • Coastline
  • Tourism
  • Entertainment
  • Film
  • Water
  • Ports
  • Oceans
  • Gbs
  • Manufacturing
  • Task
  • Programme
  • Economic
  • Province
  • Sector
  • Mandela
  • Nelson
  • Cape
The 2024 edition of Eastern Cape Business is the 17th edition of this successful publication that, since its launch in 2006, has established itself as the premier business and investment guide for the Eastern Cape. The Eastern Cape Development Corporation (ECDC) is supporting this issue of the journal, both in providing up-to-date information for editorial use and in sharing information about its activities. It will also distribute the journal through its regular channels. While the Eastern Cape has deservedly earned the title of South Africa’s wind energy province, there are other developments taking place in East London, the Coega SEZ and near Humansdorp that promise to give new meaning to new energy. Vanadium batteries, green ammonia and green hydrogen are among the aspects that form part of the Special Feature on energy that appears in this journal. The centenary of the massively important automotive industry is celebrated with reference to Ford Motor Company’s start in the “Auto City” of Port Elizabeth, as it was known, in 1924. The province’s two Special Economic Zones are attracting investors and exports are on an upward trajectory, which will be helped by upgrades of the Eastern Cape’s three ports. Overviews are provided on the other key economic sectors of the province and the potential of the oceans economy and the prospects of oil and gas for this coastal province are examined. The major business chambers in the province have made contributions to the journal and the newest chamber, the Maritime Business Chamber, which has its headquarters a short distance up the hill from the Port of Gqeberha, makes its second appearance in the journal.

The AIDC-EC story The

The AIDC-EC story The AIDC-EC is an Eastern Cape Provincial Government entity focused on assisting the automotive sector in the Eastern Cape to remain viable and competitive. Thabo Shenxane, Chief Executive Officer Engagements by key stakeholders in the automotive sector are paramount for the AIDC-EC towards achieving its mandate. The agency values partnerships, collaborations and coordination and strives for the consolidation of collective efforts for the growth of the automotive sector in the Eastern Cape. Through its role as the Secretariat of the Provincial Automotive Advisory Council (PAAC) for the Eastern Cape, chaired by MEC for Economic Affairs, Honourable Mlungisi Mvoko, the AIDC-EC is at the pulse of facilitation and coordination of effective communication among council members. The council comprises several industry bodies, government representatives, original equipment manufacturers (OEMs) and suppliers. PHOTO: Mercedes-Benz South Africa PHOTO: Motus ISUZU EASTERN CAPE BUSINESS 2024 20

PROFILE The automotive industry leads the Eastern Cape manufacturing sector. THE AIDC-EC OFFERS: • Bursaries for engineering qualifications • Support for the aftermarket sector • Component supplier competitiveness • Eastern Cape implementation of SAAM 2035 • Promotion of e-mobility (electric vehicles, EV) 150 of the 430 component suppliers 46.5% of South Africa’s light vehicle production 53.5% of South Africa’s light vehicle exports Source: NAACAM Automotive Export Manual 2023 The Eastern Cape Province hosts three ports and two Special Economic Zones (SEZ) 21 EASTERN CAPE BUSINESS 2024

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