Mpumalanga Economic Growth Agency (MEGA)

Contact details

Physical: ABSA Square Building, 20 Paul Kruger Street, Mbombela, 1200
Postal: PO Box 5838, Mbombela, 1200
Tel: 013 752 2440
Fax: 013 755 1756
Web: www.mega.gov.za

Overview

The Mpumalanga Economic Growth Agency (MEGA) Act 1 of 2010, mandates that the entity is established to accomplish the following: to provide funding in respect of property development, approved enterprises, housing loans, and agricultural development, focusing primarily on previously disadvantaged individuals within the province; to focus on project management and development, and to manage immovable property; and to promote foreign trade and investment so as to ensure enterprise and agricultural development that will significantly contribute to economic growth and development within the province, with specific emphasis on black economic empowerment.

The vision of MEGA is to be a capable, credible and resilient institution stimulating the sustainable growth and development of the economy of Mpumalanga to reduce unemployment, poverty and inequality.

The Agency's objectives are fostering the sustainable growth and development of the Mpumalanga economy by attracting investment to the province; facilitating investment in the province; and maximising the development impact of investment in the province.

Office Bearers

Chairperson:
Mr DN Mculu
Board Members:
Ms GA Deiner
Mr ST Khumalo
Dr PP Lombard
Mr MR Lubisi
Ms M Malumane
Ms T Masenya
Mr FV Mlombo
Ms P Morgan (Company Secretary)
Mr M Petje
CEO:
Mr XGS Sithole
CFO:
Mr E Potgieter (Acting)
Senior Management:
Mr M Biyela (General Manager: Business Development)
Mr GJ Dladla (Acting General Manager: Properties Management)
Mr SS Malomane (Manager: Strategy and Planning)
Ms Z Mbatha (General Manager: Corporate Services)
Ms C Nkambule (General Manager: Housing)
Mr P Pandya (Acting General Manager: Trade and Investment)
Ms ZC Sibanda (Chief Internal Auditor)
Mr E Warambwa (General Manager: Infrastructure Development)
Communications Officers:
Mr TS Nobela (Acting Manager: Legal)
Mr K Tshukudu

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEDisclaimerQualifiedQualifiedQualified
 
FINANCIAL POSITION
Current Assetsn/a168 316189 837172 782
Non-Current Assetsn/a1 279 2071 170 0141 574 406
Total Assetsn/a1 447 5231 359 8511 747 488
Current Liabilitiesn/a123 381155 714132 223
Non-Current Liabilitiesn/a39 58250 94966 043
Total Liabilitiesn/a162 523206 663198 267
Total Net Assetsn/a1 285 0001 153 1881 549 221
 
FINANCIAL PERFORMANCE
Total Revenuen/a437 714425 232333 673
Revenue from Exchange Transactionsn/a284 850275 427163 641
Revenue from Non-Exchange Transactionsn/a152 864149 805170 032
Total Expendituren/a(334 076)(388 568)(229 119)
Employee Related costsn/a(110 305)(113 740)(96 417)
Surplus/(Deficit) for Yearn/a103 63736 663(64 909)
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a(281)36 53159 048
Net Cash Flows from Investing Activitiesn/a(798)5 088(31 717)
Cash & Cash Equivalents at End of Yearn/a51 07567 72852 102
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a155 58680 45736 834
Fruitless & Wasteful Expendituren/a15-2 850
 
HUMAN RESOURCES
Posts Approvedn/a236236259
Posts Filledn/a181207217
 
Sources n/a Annual Report n/a Annual Report


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@provincialgovernment.co.za so that we can correct them.
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