Eastern Cape Economy
Economy of the Eastern Cape brought to you by Conference Venues South Africa including Eastern Cape's clothing and textile industries, tourism industry and agriculture.
The Eastern Cape still remains one of the poorest provinces in South Africa, which is largely due to the extreme poverty found in the former homelands. Subsistence agriculture predominates in the Eastern Cape.Agriculture of the Eastern Cape
Agriculture is essential in the vast, fertile lands of the Eastern Cape Province. The fertile Langkloof Valley in the southwest has enormous deciduous fruit orchards, and sheep farming predominates the in Karoo region. The Alexandria-Grahamstown area produces pineapples, chicory and dairy products, while Magwa is a large cultivator of tea and coffee. People in the former Transkei region of the Eastern Cape are largely dependent on cattle, maize and sorghum-farming. An olive nursery has been created to establish a production of Olives. The basis of the region's fishing industry is squid, line fish, hake and the collection of marine resources.Industry of the Eastern Cape
Port Elizabeth and East London’s economies are well-developed due to the automotive industry. General Motors, DaimlerChrysler and Volkswagen both have considerable assembly lines in the area. 20 kilometres north of Port Elizabeth in Coega, a new harbour is being built, the largest construction project in Africa. It is expected that this development will provide the region with a vital economic boost.
Eastern Province has two harbours and three airports and an excellent road and rail infrastructure. The province is earmarked as a key area for development and economic growth. There are plans to develop the area as an export sector which entails the construction of the Ngqura port.
Finance, business services, retail trade, real estate, wholesale trade and hotels and restaurants are other important sectors of the Eastern Cape