Gauteng Enterprise Propeller (GEP)

Contact Details

Postal PO Box 61464, Marshalltown, 2107
Physical 6th Floor, 124 Main Street, Marshalltown, Johannesburg, 2001
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 Development in Gauteng, and it is established in terms of the Gauteng Enterprise Propeller Act 5 of 2005. 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 main objective of the Agency is small business development. This includes financial and non-financial support to small enterprises and cooperatives.

The GEP’s mandate is to: promote entrepreneurship, mobilise resources and facilitate an integrated approach to entrepreneurial development and support within the province; provide financial and business development support for the growth and sustainability of small enterprises; and facilitate investment in high-impact business enterprises that transform the structure and competitiveness of industrial sectors in the province.

The mandate is carried out to ensure the sustainability, growth and competitiveness of small enterprises as meaningful contributors to the overarching impact of the Gauteng Department of Economic Development, which is "an inclusive and sustainable economic growth body/entity that stimulates jobs within the Gauteng City Region". The foundation of the mandate is a well-governed and high-performing organisation.

GEP has adopted a strategic framework towards fulfilling its vision of propelling entrepreneurs into sustainable enterprises that contribute meaningfully to inclusive economic growth and job creation.

In achieving the set vision, the GEP has defined its mission as: establishing a high-performing professional, ethical and capable institution; promoting entrepreneurship and facilitating an integrated approach to entrepreneurial development and support within the province; creating strategic partnerships with a range of institutions for sustainable small enterprises and cooperative development and support; developing innovative financial solutions, tools and channels to speed up increased market participation In the provision of affordable finance; and facilitating investment in high-impact business enterprises that transform the structure and competitiveness of industrial sectors.

The mission is enabled by a well-governed and high-performing organisation to allow GEP to be central to entrepreneurship, small enterprise development and industrial development in the Gauteng Province.

Overseeing Department/Entity

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.