Promote economic development policy formulation and planning for the benefit
of all South Africans.
The Economic Development Department was established in 2009 and has assumed
responsibilities relating to the creation of decent employment through
inclusive economic growth, including the implementation of certain aspects of
the national development plan, the new growth path and the national
infrastructure plan as captured in outcomes 4, 6 and 7 of government’s
2014-2019 medium term strategic framework.
The department is also responsible for five public entities, comprising three
regulatory bodies and two development finance institutions. These are: the
Competition Commission, the Competition Tribunal, the International Trade
Administration Commission of South Africa, the Industrial Development
Corporation of South Africa and the Small Enterprise Finance Agency.
In line with these responsibilities, the department’s mandate includes the
administration of the following legislation:
the Industrial Development Act (1940)
the Competition Act (1998)
the International Trade Administration Act (2002)
the Infrastructure Development Act (2014).
The Estimates of National Expenditure (ENE) sets out the detailed spending plans of each government department for the coming year.
National Treasury, departments and commitees are busy with different things depending on the time of year: