Kevin Hustler, CEO of the Nelson Mandela Bay Business Chamber commented after the 2012 East Cape Budget Speech by MEC Phumulo Masualle; “The Nelson Mandela Bay Business Chamber is pleased to see a focus away from unproductive ‘consumption spending’ to ‘investment spending’ that supports the growth of the province’s productive capacity and, in turn, creates employment and has the potential to eradicate poverty.
“We are also encouraged to see the alignment to the national government focus on infrastructure spending, with the province responding to the investments by state-owned enterprises in the province with its own investments in infrastructure in education, health, roads and public works. This is important: not only are jobs created through the construction of the infrastructure, but it also puts in place the networks and services necessary to attract and retain investment. The focus on education and health is critical to ensuring the quality of life and skills development of Eastern Cape residents, creating the conditions needed to underpin socio-economic growth.
“The focus on rural development and support for agro-processing, as well as revitalization of small towns, is also important. Our province is predominantly rural, and it is important for there to be an equitable distribution of socio-economic growth, ensuring sustainable livelihoods in rural areas as well as in urban centres.
“We are also pleased to see funding allocated to the Department of Economic Development, Environmental Affairs Tourism, specifically to support continued lobbying on key investments such as the