Thursday, March 19, 2026
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HomeBusiness NewsGauteng launches fund to drive the province's re-industrialisation

Gauteng launches fund to drive the province’s re-industrialisation

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.

The Gauteng Enterprise Propeller GEP), an agency of the Gauteng Department of Economic Development, has launched a product to amplify the province’s re-industrialisation efforts. This is in 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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