The Gauteng Enterprise Propeller (GEP) is a provincial government agency established in 2005 under the auspices of the Department of Economic Development to provide non-financial support; financial support; and co-ordinate stakeholders for the benefit of Small Medium and Micro Entrepreneurs (SMME's) in Gauteng.
The Provincial Government's decision to establish GEP as an agency that will support the establishment, growth and sustainability of SMME's in the Province was informed by two key strategic objectives:
Commitment to halving poverty and unemployment in the country
Ensuring increased and meaningful participation of SMME's and BBBEE in mainstream economic activities
The province recognises that SMMEs have a valuable role to play in addressing the afore-mentioned objectives and can - directly and indirectly:
Contribute to the Province's and country's GDP
Create some long-term sustainable jobs
Ensure transformation in terms of the representivity of the economic sector as a whole and contribute to a reduction of poverty
The establishment of GEP must be understood within this context. GEP is a flagship initiative of GPG, and has been identified as one of the strategic levers in the Province's Growth and Development Strategy.
GEP Corporate Video
GEP's Objectives
GEP is a provincial public entity as defined in section 1 of the Public Finance Management Act and its regulations applicable to provincial public entities. The objectives of GEP are to:
Promote, foster and develop small enterprises in Gauteng
Implement the policy of the Gauteng Provincial Government for small enterprise development
Design and implement small enterprise development support programmes within Gauteng
Establish and promote a support network in order to increase the contribution of small enterprises to the Gauteng economy
Promote economic growth, job creation and equity
Integrate all government-funded small enterprise support agencies in Gauteng
Strengthen the capacity of service providers to assist small enterprises to compete successfully domestically and internationally
The primary mechanisms, by which GEP may achieve its objectives, are:
Provide Financial and non-financial support to SMME
Provide a one-stop service to entrepreneurs
Facilitate SMMEs from the second economy participating in mainstream economy
Increase the sustainability and profitability of SMME's
Enhance SMME contribution to GDP, equity and employment in the Province
Our Vision
Africa's leading enterprise development and business support agency
Our Mission
To enable entrepreneurs
Our Goal
To facilitate increased SMME participation in mainstream economy, and their contribution to economic growth and development and employment in Gauteng
2014 GDS targets
Increase economic growth to 8%
Halve unemployment from 28 to 14%
Create approximately 800 000 jobs, thereby reducing 1.7 million unemployment figure by 50%
Double labour absorption rate from 45% to 90%
Provide focused skills development and training to 100 000
Provide measurable support to 30 000 SMME's
Set aside 60 to 70% of procurement spend to support BBBEE
GEP’s Strategic Priorities
GEP has identified six Strategic Priorities towards fulfilling its role, achieving its goal and delivering on its mandate. These are:
Provision of efficient and timely financial support to SMMEs towards facilitating their development
Provision of efficient and timely business development support to SMMEs towards increasing their professionalism and sustainability
Contribute to the creation of an enabling environment for SMMEs growth and sustainability
Identify business opportunities and enhance business facilitation and business partnerships for, and between SMMEs
Facilitate increased SMME participation, including of women, youth and people with disabilities, in the Province's economic growth sectors and GPG's priority socio-economic development projects
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