Small Business Funding in Gauteng
The Best for your South African Small Business
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The Gauteng Enterprise Propeller (GEP) promotes, fosters and develops small enterprises in Gauteng thereby implementing the policy of the Gauteng Provincial Government for small enterprise development.
The name in Sotho-Tswana means “place of gold.” Situated in the Highveld, Gauteng is the smallest province in South Africa, accounting for only 1.5% of the land area. Nevertheless, it is highly urbanised, containing the country’s largest city, Johannesburg, its administrative capital, Pretoria, and other large areas such as Midrand and Vanderbijlpark. As of 2019, Gauteng is the most populous province in South Africa with a population of approximately 15 million people according to estimates.
Gauteng was formed from part of the old Transvaal Province after South Africa’s first multiracial elections on 27 April 1994. It was initially named Pretoria–Witwatersrand–Vereeniging(PWV) and was renamed “Gauteng” in December 1994. The term “PWV”, describing the region existed long before the establishment of the province.
Gauteng‘s history has only been properly documented since the 19th century and as a result, not much information regarding its history predating the 19th century is available.
Gauteng is said to offer one of the world’s best climates: summer days are warm and wind free and winter days are crisp and clear. Johannesburg and Pretoria differ in temperature by about 2% (Pretoria being the warmer of the two).
The leafy city of Pretoria in Gauteng serves as one of the country’s three capital cities, officially the executive or administrative capital – the other two are Cape Town, the legislative capital, and Bloemfontein, the judicial capital.
Gauteng generated just over a third of South Africa’s gross domestic product (GDP) in 2017, making it the nation’s biggest provincial economy.
KwaZulu-Natal came in at second place, being responsible for R16 of every R100 generated by the national economy.
Northern Cape was the smallest provincial player. It would reportedly need to multiply its economic output by 17 in order to square up against Gauteng.
Gauteng’s economic dominance is not surprising since finance, government, manufacturing, construction and four other industries are heavily represented in the province.
Agriculture and mining are the two exceptions.
National agriculture production is mostly concentrated in Western Cape and KwaZulu-Natal. The bulk of national mining activity takes place in North West, Mpumalanga and Limpopo.