Speaking on the economy‚ Masualle said strides had been made to improve the lives of people in the province and this could be attributed to the commitment of major investors.
"Despite perennial challenges of a constrained global and domestic economy‚ coupled with a tight fiscal environment and a long drought‚ the Eastern Cape government has made a positive contribution towards the betterment of the lives of people in the province‚" he said.
Masualle said the address was aimed at laying a solid foundation for the sixth administration that would take over after the May 8 elections.
Masualle highlighted education‚ health‚ agriculture and infrastructure achievements during his term at the helm.
"At the start of the term we set out to transform the Eastern Cape economy. Indeed‚ a great deal of work has been done and much ground has been covered‚ both by this fifth administration and other administration.
"Without any hesitation‚ access to education continues to improve‚ more have access to basic services like electrification‚ water and sanitation‚ and broadened access to health care‚ resulting in improved life expectancy. The quality of life for more of our inhabitants continues to improve‚" Masualle said.