Gauteng Launches Fund to Drive Gauteng’s Re-Industrialisation

The Gauteng Enterprise Propeller GEP) , an agency of the Gauteng Department of Economic Development, has launched a product to  amplify  the provinces re-industrialisation efforts.  This is  line with the Gauteng Economic Development Plan priority to re-industrialise the city region.

The GEP Manufacturing Support  is a  finance product aimed at supporting  Gauteng-based SMMEs in  manufacturing  and its subsectors.

The product  is a targeted financial support instrument aimed at bolstering the productive capacity of Gauteng-based SMMEs operating within the manufacturing sector. Manufacturing is a high-value, high-growth sector with great potential to drive industrialisation and promote sustainable economic growth that stimulates job creation .

As a precursor to the Gauteng Investment Conference (GIC) 2026, the GEP  Manufacturing Support is positioned as a strategic pipeline mechanism to support SMMEs in scaling up and enhancing their competitiveness.  It  is central to the core principles  of the  GIC 2026, which promote   large-scale investment commitments from private and multinational investors into  manufacturing projects for Gauteng .  This accelerates economic growth and recognises Gauteng as  a critical manufacturing hub for South Africa and the African continent.

The Manufacturing Support is a term loan facility of up to R5 million, specifically designed to support enterprises that are at least fifty-one percent (51%) black owned.

 

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