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 10 906 10 559 347 12 102 11 284 818 Expenditure

With regard to the partnership with Eskom on the Just Energy Transition, it could be mentioned that there is a formal Project Charter that is being rolled out and such Charter is prioritising the Energy SEZ; Repurposing and repowering of Komati Power Station; Circular Economy where focus is on fly ash and gypsum production; and skills development. In terms of the Manufacturing Sector, the Department only focused on the Incubation Programme where Furniture Technology Centre (Furntech) as well as the Mpumalanga Stainless Steel Initiative (MSI) were supported. Attention was paid on training and capacity building of young people, including providing support to SMMEs in these areas of focus. Sub-programme expenditure Sub- Programme Sector Development 2022/2023 2023/2024 Final Appropriation Actual Expenditure (Over)/Under Expenditure Final Appropriation

Linking performance with budgets The sub programme managed to spend R 11,284 million of its total final budget of R 12,102 million for the sub- programme: Sector Development. This represents an under expenditure of R 818 thousand for the sub- programme. In terms of the incubation programme, there was no under expenditure since the required funds were transferred to the respective Incubators supported by the Department (MSI and Furntech). In terms of the Green Economy, the Department has managed to work closely with the Mpumalanga Green Cluster Agency but unfortunately the Department did not manage to support the MGCA financially since the budget was reprioritised.

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.

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