EDD budget cote speech at the NCOS

Minister of Economic Development, Mr. Ebrahim Patel, presented the EDD Budget for debate in the National Council of Provinces (NCOP). The speech reviewed the Economic Development Department's performance over the last year, as well as activities for the year ahead within a provincial context.

Minister Patel provided an overview of South Africa's labour market performance, highlighting that 305 000 net new jobs were created in the last 12 months. In agriculture, 53 000 new jobs were created in the same period, indicating growth of almost 9%.

The top-performing province for jobs growth were Gauteng, with 141 000 new jobs, which created 46% of all new jobs created in South Africa. Kwazulu Natal came in second place with 90 000 new jobs. A total of 63 000 new jobs were created in the Western Cape. The Eastern Cape and Free State experienced the highest level of job losses.

Minister Patel highlighted how EDD, together with sister departments such as the DTI and agencies such as the IDC, ITAC and SEFA, integrate their efforts in order to realise New Growth Path outcomes. Through key projects and a range of policy instruments described in the speech, Minister Patel illustrated how EDD is fostering integration across government and its agencies to facilitate inter alia economic diversification and competitiveness, localisation, strategic infrastructure investments, uptake of the green economy, as well as the growth and sustainability of small businesses in provinces.

EDD has ongoing capacity-building for provinces, including Employment Impact workshops and training of municipal officials in economic development and planning.

Learn more about the EDD Debate on Budget Vote No 28, that was held in Parliament On the 24th of April 2012
Download Minister Ebrahim Patel's 2012 NCOP Budget Debate Speech, here.
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