Eastern Cape Premier Ms Noxolo Kiviet announced in her 2014 State of the Province Address that the province is rapidly becoming the hub of economic logistics in the country.
Premier sated that Transnet have radically increased their project portfolio in the Province, with significant investments going into our three ports. R2,1 billion is allocated to transform Port Elizabeth harbour into a leading automotive export hub; R2,4 billion is allocated to East London as a diversified cargo port; and the Port of Ngqura, will get R15 billion to further develop it as a leading trans-shipment container hub for sub-Saharan Africa.
In accounting for the performance of government in the current term of government the Premier highlighted the following successes in the economic and infrastructure areas:
- Provincial economy grew at twice the rate it did in the last 15 years of apartheid at a moderate average rate of 1.9% between 1994 and 2008, while the unemployment rate over the same period averaged at 27%;
- Exceeded the target of creating 489 920 jobs by creating 707 286 job opportunities through the Extended Public Works Programme (EPWP),
- 1 503 Youth were employed through the National Youth Service and 2 750 youth trained on critical scarce skills and work place experience,
- Saved 5000 critical manufacturing jobs that would otherwise have been lost and supported companies in distress including SJM Flex SA; Sentech Industries; Continental Tyres; Faurecia Interior Systems; Halberg Guss Aluminium, all in Port Elizabeth; Stateline in Queenstown; and FABKOMP in East London, Yebo Tanks in Komga; Seating in Queenstown; Eltex in East London; Ouma Rusks in Molteno, among others.
- Consolidated the province as the country's leading automotive hub,
- Industrial Development Zones (IDZs) yielded desired results: East London IDZ secured 32 investments with a value of R4,2 billion yielding 2 497 jobs with more than R1 billion of the secured investment is linked to the Mercedes Benz South Africa’s W205B project. Coega IDZ secured 21 operational investors to date with a total investment value of R2,1 billion, yielding 4 409 operational jobs. It has an R6, 8 billion pipeline investment. Construction work on a wind tower manufacturing facility at the Coega IDZ, valued at R300 million.
- Supported the development of a total of 2 012 new SMMEs and 3 730 existing SMMEs through the SMME incubation programme and supported 113 co-operatives with a R53 million allocation. The enterprise incubation model has been revised and 883 SMMEs have been developed marking a growth of 86% from 118 that benefited in the beginning of the term,
- Over R11 billion has been spent on road construction and maintenance with key projects completed including Key projects completed include the Coega Bridge to Colchester; Top Fish River pass to Keiskamma River; N2 near the Gonubie interchange; N2 in Mthatha and the surrounding area, including the Mthatha one way system. A number of surfaced roads have been refurbished, including R56 from Middleburg to Matatiele; R58 from Venterstad to Elliot; R61 between Ngcobo and Mthatha, R61 between Mthatha and Port St. John’s, R61 between Tarkastad and Queenstown, R62 from Haarlem to Humansdorp; R63 west from Graaff Reinet to Cookhouse; R63 east from Bedford to Komga; R67 from Grahamstown to Queenstown; R72 from Nanaga to East London; and R76 from Port Elizabeth to Graaff Reinet.
- Through the Siyakhula and Massive Food Production Programmes, a total of 33 801 hectares were ploughed over the term.