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                                    Estimates of the Provincial Revenue and Expenditure (EPRE) %u2013 2025/26 Financial YearFigure 2.1: Elements of Inclusive Economic Growth, 2024 Source: Adapted from PMTDP-ESEIED Conducive Environment for Private Investments As part of the broader economic reforms%u2019 agenda within Operation Vulindlela government has been tasked with reviewing and streamlining the current regulatory regime that affects the ease of doing business in the country. Through this review work some of the country%u2019s regulatory requirements as they relate to businesses have been found to be potentially costly and stifling to business growth. Such regulations tend to limit new firms from entering new markets or limit their expansion. Within the province various initiatives supported by the Premier%u2019s Investment Council (PIC) will continue to complement and expand on the work of the growth reform agenda. This has entailed setting up of investment project management offices and a one-stop shop in the province with the aim of showcasing and promoting the investment potential and business opportunities in the Eastern Cape province to domestic and international investors. Accordingly, from 2019 to date more than R200 billion of fixed investments, both public and private, have been pledged to the province some of which have already been implemented, are being implemented or are at advanced stages of initiation. Moving forward through the work of the PIC and other provincial investment promotion agencies additional focus will be placed on lobbying for more investments in economic infrastructure to further lower costs of doing businesses in the province to support local industrialisation and market development. More efforts will also be directed at assisting potential investors to comply with current domestic market regulations and fast track the implementation of corporate international agreements. Provincial Infrastructure Logistics Infrastructure: The economic costs in terms of price, time and reliability of connecting and accessing markets can be reduced and market opportunities expanded by investing more on economic infrastructure particularly on high quality roads and ports. N2 Wild Coast %u2013 SANRAL: In the past five years SANRAL has committed almost R20 billion to road construction projects across the province and this is estimated to rise to R56 billion by the 33
                                
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