Economic Development Annual Report

Annual Report 2023/2024 Mpumalanga: Department of Economic Development and Tourism - Vote 6

Sub-programme expenditure Sub- Programme Economic Empowerment 2022/2023 2023/2024 Final Appropriation Actual Expenditure (Over)/Under Expenditure Final Appropriation (Over)/Under Expenditure R’000 R’000 R’000 R’000 R’000 R’000 Total 5 066 5 008 58 5 802 5 802 - Actual Expenditure

Strategy to overcome areas of under performance None Performance in relation to Standardised Outputs and Output Indicators for Sectors with Concurrent Functions The sub-programme included standardised outputs indicators for sectors such as the green economy, mining, manufacturing and tourism. The sub programme: Economic Empowerment coordinated the implementation of Broad-Based Black Economic Empowerment through the facilitation and support of black -empowered companies participating in the green economy, manufacturing companies participating in the Black Industrialist programme. Black existing companies assisted to access funding to participate in the mining value chain, tourism sector. Black owned tyre businesses were also supported in the Revitalisation of Township and Rural Economy. Awareness Seminar on the Black Industrialist Programme was conducted with the aim of increasing the uptake on the BI Programme. The achievements of these targets contributed towards the Department’s strategic outcome orientated goals, which will invariably impact on the strategic priorities of government.

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