Economic Development Annual Report

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

Actual (Over)/Under Expenditure R’000 R’000 R’000 R’000 R’000 R’000 Total 4 101 4 072 29 5 670 5 311 359 Expenditure

The sub programme managed to spend R 5,311 million of its total final budget of R 5,670 million. This represents an under expenditure of R 359 thousand for the sub- programme. The Programme, working together with MEGA and the Office of the Premier, managed to establish the Provincial Trade and Investment Forum which would promote and coordinate trade and investment initiatives for the province (i.e. public and private sector initiatives). The sub-programme also managed to enhance the function of the Trade DSM system which is a crucial tool for generating market intelligence reports, of which, such reports will inform the Department, MEGA and the Office of the Premier about the most appropriate outbound missions that must be undertaken to support economic growth and development priorities of the province, including countries that could be earmarked for foreign direct investment attraction. Sub-programme expenditure Trade and Investment Promotion 2022/2023 2023/2024 Final Appropriation Actual Expenditure (Over)/Under Expenditure Final Appropriation

70 Linking performance with budgets

Strategy to overcome areas of under performance None Performance in relation to Standardised Outputs and Output Indicators for Sectors with Concurrent Functions None, all planned targets are focused solely on the Department.