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'0002016/172015/162014/152013/14
 
AUDIT OUTCOMEQualifiedDisclaimerQualifiedQualified
 
FINANCIAL POSITION
Current Assetsn/a184 776180 845189 837
Non-Current Assetsn/a2 024 7571 979 1931 170 014
Total Assetsn/a2 209 5332 160 0381 359 851
Current Liabilitiesn/a115 437139 712155 714
Non-Current Liabilitiesn/a18 13025 92150 949
Total Liabilitiesn/a133 567165 633206 663
Total Net Assetsn/a2 075 9661 994 4051 153 188
 
FINANCIAL PERFORMANCE
Total Revenuen/a433 9621 098 868425 232
Revenue from Exchange Transactionsn/a253 432946 004275 427
Revenue from Non-Exchange Transactionsn/a180 530152 864149 805
Total Expendituren/a(363 559)(326 039)(388 568)
Employee Related costsn/a(100 947)(110 305)(113 740)
Surplus/(Deficit) for Yearn/a70 404772 82936 663
 
CASH FLOW
Net Cash Flows from Operating Activitiesn/a30 201(8 110)36 531
Net Cash Flows from Investing Activitiesn/a(4 330)6175 088
Cash & Cash Equivalents at End of Yearn/a64 11951 30967 728
 
UIFW EXPENDITURE
Unauthorised Expendituren/a---
Irregular Expendituren/a61 906155 58680 457
Fruitless & Wasteful Expendituren/a-15-
 
HUMAN RESOURCES
Posts Approvedn/a236236236
Posts Filledn/a178181207
 
Sources n/a Annual ReportAnnual Report n/a

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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