Gauteng Enterprise Propeller (GEP)

Contact details

Physical: 6th Floor, 124 Main Street, Marshalltown, Johannesburg, 2001
Postal: PO Box 61464, Marshalltown, 2107
Tel: 011 085 2001
Fax: 086 675 1329
Web: www.gep.co.za

Overview

Gauteng Enterprise Propeller (GEP) is an agency of the Provincial Department of Economic, Environment, Agriculture and Rural Development in Gauteng. The main objective of the Agency is small business development. This includes financial and non-financial support to Small, Medium and Micro Enterprises (SMMEs) and cooperatives. It started operating in 2005 and its formation was informed by the province’s Growth and Development Strategy (GDS), which identified SMME development as one of the key levers to addressing the triple challenges of unemployment, poverty and inequality.

The strategic objectives of GEP are as follows: provision of efficient and timely support to SMMEs towards facilitating their development; provision of efficient and timely business development support to SMMEs towards increasing their professionalism and sustainability; contributing to the creation of an enabling environment for SMMEs' growth and sustainability; identifying business opportunities and enhancing business facilitation and business partnerships for and between SMMEs; facilitating increased SMME participation, including women, youth and people with disabilities in the province's economic growth sectors, and Gauteng Provincial Government’s priority socio-economic development projects; and efficient and effective management of GEP.

These objectives will be reached through the following: strengthening and improving debt management function; greater focus on resource mobilisation and partnerships; improving business development and after-care support; greater focus on township-based businesses in line with the Gauteng Provincial Government Township Revitalisation Strategy; tailor-made interventions to support informal businesses as the Gauteng Informal Business Uplifment Strategy (GIBUS); developing policies and processes to deal with security cover; and implementing a management information system.

Office Bearers/Management

Chairperson:
Ms Lebogang Magagane
Deputy Chairperson:
Mr Thulani Sithole
Board Members:
Mr Monde Afrika
Ms Claire Busetti
Mr Kingsley Duba
Mr Rodney Kekana
Ms Mamoroke Lehobye
Ms Millicent Maroga
Ms Innocentia Motau
Ms Morwesi Ramonyai
Mr Tshilidzi Ratshitanga
CEO:
Ms MR Ramusi
CFO:
Ms Nomfanelo Genuka
COO:
Mr Labane Maluleke
Senior Management:
Mr Lamalani Dube (General Manager: Risk and Audit)
Mr Brian Letsogo (Acting General Manager: Stakeholder Management and Revenue Generation)
Ms Catherine Mamabolo (Acting General Manager: Support and Administration)
Ms Thlalefang Mathlare (Acting Company Secretariat)
Ms Vuyokazi Ntshoko (General Manager: Strategy, Monitoring and Evaluation)
Communications Officers:
Ms Thenjiwe Dube

Financial Information

All Financial Values: R'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEClean AuditFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assetsn/a138 72264 57799 024
Non-Current Assetsn/a32 81021 09728 002
Total Assetsn/a171 53285 674127 026
Current Liabilitiesn/a27 97511 12421 597
Non-Current Liabilitiesn/a-5911 550
Total Liabilitiesn/a27 97511 18333 148
Total Net Assetsn/a143 55774 49293 878
 
FINANCIAL PERFORMANCE
Total Revenuen/a311 009186 882147 697
Revenue from Exchange Transactionsn/a8 6427 2135 740
Revenue from Non-Exchange Transactionsn/a302 367179 669141 957
Total Expendituren/a(241 943)(206 502)(147 563)
Employee Related costsn/a(82 828)(83 688)(63 893)
Surplus/(Deficit) for Yearn/a69 065(19 672)1 555
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a93 620(33 177)12 502
Net Cash Flows from Investing Activitiesn/a(692)(3 272)(308)
Cash & Cash Equivalents at End of Yearn/a103 12410 60752 434
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a-2 1131 575
Fruitless & Wasteful Expendituren/a-4015 541
 
HUMAN RESOURCES
Posts Approvedn/an/an/an/a
Posts Filledn/an/an/an/a
 
Sources n/a Annual ReportAnnual ReportAnnual Report

Annual Reports


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.
DFA
Chartered Institute Of Government Finance, Audit & Risk Officers
BMW South Africa (Pty) Ltd
UKZN Extended Learning
Independent Communications Authority of South Africa