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/Management

Chairperson:
Mr DN Mculu
Board Members:
Mr SM Bhembhe
Ms GA Deiner
Mr U Khumalo
Mr ST Khumalo
Mr LT Maloba
Ms M Malumane
Ms TM Masasa
Ms T Masenya
Mr FV Mlombo
Ms P Morgan (Company Secretary)
Mr M Petje
Mr XGS Sithole (CEO)
CEO:
Mr XGS Sithole
CFO:
Mr E Potgieter
Senior Management:
Mr T Camane (General Manager: Properties and Infrastructure)
Mr GJ Dladla (General Manager: Funding)
Ms TC Mametja (General Manager: Corporate Services)
Ms F Nyathi (Acting Chief Internal Auditor)
Communications Officers:
Mr TS Nobela (Acting General Manager: Strategy and Communications)
Mr K Tshukudu

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEDisclaimerQualifiedQualifiedQualified
 
FINANCIAL POSITION
Current Assets184 776180 845189 837172 782
Non-Current Assets2 024 7571 979 1931 170 0141 574 406
Total Assets2 209 5332 160 0381 359 8511 747 488
Current Liabilities115 437139 712155 714132 223
Non-Current Liabilities18 13025 92150 94966 043
Total Liabilities133 567165 633206 663198 267
Total Net Assets2 075 9661 994 4051 153 1881 549 221
 
FINANCIAL PERFORMANCE
Total Revenue433 9621 098 868425 232333 673
Revenue from Exchange Transactions253 432946 004275 427163 641
Revenue from Non-Exchange Transactions180 530152 864149 805170 032
Total Expenditure(363 559)(326 039)(388 568)(229 119)
Employee Related costs(100 947)(110 305)(113 740)(96 417)
Surplus/(Deficit) for Year70 404772 82936 663(64 909)
 
CASH FLOW
Net Cash Flows from Operating Activities30 201(8 110)36 53159 048
Net Cash Flows from Investing Activities(4 330)6175 088(31 717)
Cash & Cash Equivalents at End of Year64 11951 30967 72852 102
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure61 906155 58680 45736 834
Fruitless & Wasteful Expenditure-15-2 850
 
HUMAN RESOURCES
Posts Approved236236236259
Posts Filled178181207217
 
SourcesAnnual ReportAnnual Report n/a Annual 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.
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