Economic Development Department Annual Report 2010/11 - Minister’s Statement - Job Creation and New Growth Path

Oct 3, 2026

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Economic Development Department Annual Report 2010/11 outlines the department’s first 12-month financial year achievements in shaping South Africa’s economic policy. The Minister’s Statement emphasizes an integrated economic framework aligned to the national jobs mandate, inclusive growth objectives, and progress toward the New Growth Path adopted by Cabinet. It highlights targets for 5 million new jobs by 2020, job drivers across productive sectors, and coordination with other state departments and spheres of government. It also describes government alignment efforts after the State of the Nation Address.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages143

Reading Time6 h 0 min

AccessFree to download

Minister’s Statement

Deputy Minister’s Statement

Accounting Officer’s Overview

Part A: General Information

Vision, Mission, Values and Organisational Structure

Legislative Mandate and Legislation tabled during 2010/11

Part B: Information on Predetermined Objectives

Overall Performance and Voted Funds

Summary of Programmes and Strategic Objectives

Departmental Revenue, Expenditure and Specific Topics

Part C: Annual Financial Statements

Audit Committee, Accounting Officer and Auditor General Reports

Financial Statements and Notes

Part D: Human Resource Management Report

Text Boxes and Policy/Analytical Papers

ANNUAL REPORT 2010/11 ECONOMIC DEVELOPMENT DEPARTMENT Annual Report 2010/11 Contents: Minister’s Statement Deputy Minister’s Statement Accounting Officer’s Overview PART A: GENERAL INFORMATION Vision Mission Values Organisational Structure Legislative Mandate Legislation tabled during the 2010/11 financial year Entities Reporting to the Minister PART B: INFORMATION ON PREDETERMINED OBJECTIVES Overall Performance Voted Funds Aim of vote Summary of Programmes Key strategic objectives Overview of the service delivery environment for 2010/11 Overview of the organisational environment for 2010/11 Key policy developments and legislative changes Departmental revenue, expenditure, and other specific topics Departmental expenditure Transfer payments Conditional grants and earmarked funds Capital investment, maintenance and asset management plan Programme Performance Programme 1: Administration Programme 2: Economic Policy Development Programme 3: Economic Planning and Coordination Programme 4: Economic Development and Dialogue Entities Report: Competition Commission Competition Tribunal ITAC IDC Khula Samaf PART C: ANNUAL FINANCIAL STATEMENTS Report of the Audit Committee Report of the Accounting Officer Report of the Auditor General 5 8 9 10 11 11 11 11 12 12 12 13 14 14 14 14 15 15 16 16 17 18 18 18 18 20 21 24 31 42 47 48 50 51 53 54 56 57 58 60 72 Appropriation Statement Notes to the Appropriation Statement Statement of Financial Performance Statement of Financial Position Statement of Changes in Net Assets Cash Flow Statement Accounting Policies Notes to the Annual Financial Statements Disclosures Notes to the Annual Financial Statements Annexures PART D: HUMAN RESOURCE MANAGEMENT REPORT Acronyms TEXT BOXES The New Growth Path Policy and analytical papers on economic policy challenges Policy platforms on economic policy challenges Engagements with provincial and local government National economic planning processes Sector plans Spatial plans Engagements with DFIs and ERBs Value of special financing facilitated for small businesses, targeted growth sectorsand companies in distress Leveraging off state expenditure and procurement Social dialogue and capacity building engagements Economic development agreements (national, sectoral and workplace) 75 83 85 86 87 88 89 96 106 113 118 138 16 26 27 32 35 35 36 37 40 40 43 45 Minister’s Statement The Economic Development Department (EDD) has completed its first 12-month financial year and has made a solid contribution to the development of economic policy for South Africa. The progress over the past financial year has been in developing an integrated framework for economic policy, aligning the work of public agencies with the national jobs mandate, coordinating with other departments of state and with other spheres of government to support integration of policy and promoting social dialogue as a key means for forging partnerships for decent work. The mandate of the ruling party, endorsed in the election of 2009, was to place employment – decent work – at the heart of economic policies. It required that we develop an integrated economic framework and that we go beyond conventional growth strategies which simply target a rate of economic growth. In the context of South Africa’s challenges, we needed to do more: to ensure that inclusive growth targets employment and equity so that we make real progress in dealing with the core challenges of mass unemployment, poverty and inequality. Over the past year, the primary focus of our research and policy development was to finalise a New Growth Path (NGP) for South Africa. The NGP, which was adopted by Cabinet at the end of October last year, set a target of 5 million new jobs by 2020. T

FAQs

What is the main policy focus described in the Minister’s Statement?

The statement focuses on developing an integrated framework for economic policy aligned to the national jobs mandate and promoting social dialogue to build partnerships for decent work.

What target does the New Growth Path (NGP) set for job creation?

The NGP sets a target of 5 million new jobs by 2020.

How does the report describe government alignment after the 10 February 2011 State of the Nation Address?

It states that all government departments would align their programmes with the job creation imperative, and that State Owned Enterprises and Development Finance Institutions should be more strongly aligned to the jobs agenda.

Oct 3, 2026

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