The Gauteng Department of Economic Development facilitates small business development through the Gauteng Enterprise Propeller (GEP) which provides financial and non-financial support to Small Micro and Medium Enterprises (SMMEs) and Co-operatives in the eleven sectors targeted for Transformation, Modernisation, and Re-industrialisation.
To be considered for financial support, businesses need to submit all the standard mandatory documents such as CIPC registration; tax clearance; FICA requirements; company profiles and management profiles. Businesses also need to submit a business plan (GEP will assist in the development where applicable within GEP's qualification processes) where funding is for start-up, expansion and franchise purposes.
For contract finance, a business plan is not required. The viability assessment of contract financing is based on the actual contract or purchase order. Business plans are not required for micro-finance applications below R50 000. All products under financial support will be assessed and funded based on assessment report.
The Gauteng Enterprise Propeller (GEP) provides the following non-financial support to small businesses:
Design and implement small enterprise development support programmes within Gauteng.
- Feasibility study and due diligence
- Market and competitor analysis
- Business pitching
- Project preparation
- Training and mentorship
- Development of marketing tools
- Financial management
- Business incubation
- Business advice
Online SMMEs Support System
On 02 September 2017, the Gauteng Provincial Government launched a new Online SMMEs Support System in Mabopane, to fast track applications and reduces backlogs. The launch of the Online SMMEs Support follows a successful implementation of Qondis' Ishishini Lakho campaign, meaning "Fix your Business", which is the third recognised Gauteng Provincial Government programme in the Province (after Ntirhisano and Smart Schools). The campaign has since assisted over 12 000 businesses in townships across Gauteng. For more information on Online SMMEs Support System, please click here
Visit the GEP office nearest to you for walk-in applications, please click here
For more information visit http://www.gep.co.za or call 087 057 2000