Mpumalanga Economic Growth Agency (MEGA)
MEGA was formed to provide funding in order to promote foreign trade and investment in Mpumalanga for the benefit of historically disadvantaged individuals (HDIs). The entity itself came about as a result of the merger of three bodies: The Mpumalanga Economic Growth Agency (the former MEGA), responsible for
funding small, medium and micro-enterprises and promoting trade and investment; the Mpumalanga Agricultural Development Corporation, responsible for financing and growing agricultural projects; and the Mpumalanga Housing Finance Company, which financed housing.
MEGA is now responsible for funding SMMEs; agro projects and farming; and housing; and for promoting trade and investment in Mpumalanga. Further, the agency invests in strategic projects that require an equity partner, like Tekwane Citrus, Nkomati Anthracite, Loopspruit Wine Estate and Highveld Fruit Packers – all of which have benefited from MEGA’s experience in commercialising start-ups.
Objectives
• Fostering the sustainable growth and development of the Mpumalanga
economy by attracting investment
• Facilitating investment
• Maximising the development impact of investment in the province
Why MEGA?
Our vision is to be a capable, credible and resilient institution that stimulates
growth and development in Mpumalanga, to reduce unemployment, poverty and
inequality.
• MEGA offers expertise on Mpumalanga’s economy and investment potential
• MEGA’s investment opportunities are packaged to ensure a high probability of
success
• MEGA enjoys alliances and relationships with investors and other
stakeholders
• MEGA pr ovides innovative solutions accompanied by a high level of service
WHY MPUMALANGA?
Mpumalanga offers a strategic location in the world market and in the South African economy, together with modern infrastructure and cutting-edge technology.
MEGA’S OPERATIONAL AREAS
FUNDING
• Provide funding for SMMEs and cooperatives
• Deliver housing finance
• Provide funding for agriculture and agro-processing
INVESTMENT
• Provide market information
• Facilitate feasibility studies
• Assist with applications for incentives
• Assist with claims for relocation costs
• Assist with work permits
• Obtain factory space and land
• Obtain finance
• Facilitate joint ventures
• Fast-track applications
TRADE PROMOTION
• Provide market information
• Handle import/export enquiries
• Create export incentives
• Handle customs duties
• Handle tariff headings
• Handle foreign trade requirements
• Build preferential trade agreements
• Participate in foreign/local trade fairs
• Build relationships
• Manage inward/outward trade missions
PROPERTY DEVELOPMENT AND MANAGEMENT
MEGA’s Property Development and Management Programme is geared to build and maintain a property portfolio that can a) generate income, b) help to achieve organisational sustainability and c) facilitate employment creation.
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