The Department of Economic Development is the

department Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military *Department (administrative division), a geographical and administrative division within a country, ...

of the

South African government The Republic of South Africa is a parliamentary republic with three-tier system of government and an independent judiciary, operating in a parliamentary system. Legislative authority is held by the Parliament of South Africa. Executive authority ...

responsible for

economic policy The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the e ...

economic planning Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources b ...

and

economic development In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and o ...

. It was established in 2009 after the election of President

Jacob Zuma Jacob Gedleyihlekisa Zuma (; born 12 April 1942) is a South African politician who served as the fourth president of South Africa from 2009 to 2018. He is also referred to by his initials JZ and clan name Msholozi, and was a former anti-aparth ...

. the Minister of Economic Development is

Ebrahim Patel Ebrahim Patel (born 1962 in District Six in Cape Town) is a South African cabinet minister, who holds the position of Minister of Trade and Industry (South Africa), Minister of Trade, Industry and Competition. He previously served as Minister ...

and his deputy is

Madala Masuku Madala Backson Masuku (born 6 June 1965) is a South African politician, a former Member of Parliament of South Africa (MP) and a Member of the African National Congress (ANC). He is also a Central Committee member of the South African Communis ...

. In the 2011/12 budget the department had a budget of R595 million and a staff complement of 45 civil servants.

References

External links

Official website

Economic Development In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and o ...

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

Economy of South Africa {{SouthAfrica-gov-stub