ECIC AR 2024 9TH

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

Integrated Report 2024

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Outlook

Contribution to the dtic Key Performance Indicators

Economic Cluster Results Framework Summary

Jobs Created

Investment

SMMEs Supported

Intl. Tourist Arrivals

4 million

R3 trillion

255 000

14.9 million

Subsistence Farmers

Work Experience

Transformation

New Mines

200 Industrial Parks + DDM

20 Junior Miners +

2.1 million

441 000

Exports

Red-tape Reduction

= 5.4% GDP Growth

Processes Improved

R1 trillion

The above table represents the targeted interventions of the dtic in seeking to achieve 5,4% GDP growth by the end of the Seventh Administration. The ECIC mandate contributes directly to the targeted R1 trillion in annual exports. The ECIC is targeting $670 million in approved transactions per year which would result in approximately R6 billion in exports over the period of the approved transactions (average of 5-7 years). The approved transactions over the strategic period ($3,35 billion) is expected to result in R30 billion in exports over the next 5 years. As an outcome of the $670 million in approved transactions per year, the ECIC Economic Impact Assessment Model anticipates an average of 14 000 job opportunities to be created over the period of the approved transactions (average of 5-7 years). The approved transactions over the strategic period ($3,35 billion) is expected to result in 70 000 job opportunities over the next 5 years.

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