The Eastern Cape Development Corporation (ECDC) has a mandate to plan, co-ordinate, finance, market, promote, and implement development of the Province and its people in various fields including commerce, agriculture, transportation, and finance.
As a leader in facilitating inclusive sustainable economic growth, it is the mission of the ECDC to effectively promote and co-ordinate inclusive economic development through innovative finance and investment solutions.
ECDC is strategically positioned to drive a growing, diversified, inclusive, and robust Eastern Cape economy; in particular, the development of a competitive and sustainable micro, small, and medium enterprise (MSME) sector that contributes to the province’s socio-economic development. Dream Team Capital can assist MSME’s with the necessary developments to attain funding.
Strategic Themes of the Eastern Cape Development Corporation (ECDC)
• Economic transformation, inclusive growth and competitiveness;
• Customer focused solutions;
• Operational efficiency and financial sustainability;
• Pioneering innovation in the key growth sectors; and
• Attracting and retaining the best talent in the sector.
Legislation and Policy Frameworks of the ECDC
- 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; and the
- Public Finance Management Act No. 1 of 1999.
The ECDC also provides non-financial support instruments to support the general health, competitiveness and productivity of small businesses:
- Business advice & counselling;
- Business plan development;
- Mentorship programmes (Enterprise Development Programme);
- Quality management support;
- Marketing support & Market Access;
- Intellectual property registration support; and
- Business management training.
For more information on the Fund – do not hesitate to contact DTC!
