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 15 094 12 989 2 105 21 269 7 970 13 299 Expenditure

The sub-programme managed to spend R 7,970 million of its total final budget of R 21,269 million for the sub- programme: Strategic Initiatives. This represents an under expenditure of R13 299 million for the sub- programme. In terms of the Nkomazi SEZ the required procurement for the appointment of professionals to implement the required detailed designs were not finalized, hence the underspending. The required work under the redesign of the layout plan and general plan is progressing well and it is expected that this work would be completed by July 2024. The Petrochemical Industrial Technology Park is also expected to be finalised within the new financial year once the required Section 53 certificate from DMRE is obtained. Sub-programme expenditure Sub- Programme Strategic Initiatives 2022/2023 2023/2024 Final Appropriation Actual Expenditure (Over)/Under Expenditure Final Appropriation Strategy to overcome areas of under performance Fast track finalization of appointment of Board Members to Nkomazi SEZ Entity Advertise in open tender for Engineering designs Escalate the matter to the National Office

74 Linking performance with budgets

Performance in relation to Standardised Outputs and Output Indicators for Sectors with Concurrent Functions None, all planned targets are focused solely on the department.