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 growth. This includes the implementation of certain aspects of the
National Development Plan (NDP), the new growth path and the national
infrastructure plan, as captured in outcome 4 (decent employment through
inclusive growth), outcome 6 (an efficient, competitive and responsive
economic infrastructure network) and outcome 7 (comprehensive rural
development and land reform) of government’s 2014-2019 medium-term strategic
The department is also responsible for five public entities, three of which
are regulatory bodies and two are development finance institutions. The
entities are: the Competition Commission, the Competition Tribunal, the
International Trade Administration Commission of South Africa, the Industrial
Development Corporation 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:
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