Gauteng finance and economic development MEC Lebogang Maile has unveiled a R527.2 billion budget for the 2025/26 financial year, with a focus on boosting the province’s small, micro, and medium enterprises.
A central pillar of this year’s budget is a combined R150 million investment dedicated to strengthening SMEs’ access to funding.
Of that, R50 million will be channelled through the Gauteng Enterprise Propeller (GEP) as wholesale funding, enabling financial institutions to on-lend to qualifying small businesses.
The initiative is further supported by a R100 million partnership with the Industrial Development Corporation (IDC), which will offer financial backing at a 5% management fee, significantly improving the affordability of capital for emerging entrepreneurs.
“We are committed to unlocking the province’s potential by investing strategically in sectors that can drive job creation and economic development. Through targeted investments and partnerships, we aim to empower SMMEs to thrive and contribute meaningfully to our economy,” Maile said during the tabling of the budget.
The GEP is also working alongside the Department of Trade, Industry and Competition’s Black Business Support Programme to offer ring-fenced funds to historically disadvantaged businesses within its portfolio.
These efforts are designed to help small businesses overcome persistent barriers to accessing finance and markets.
Makwati Malebogo, who is the founder of Malebo’s Enterprise, an electrical and building company in Saulsville in Tshwane, said it was encouraging that the province recognised the important role small businesses played in economic growth and job creation.
“Noting that the increased allocation towards infrastructure development and enterprise support is a promising sign for entrepreneurs like myself. This budget brings real hope,” she said.
Lesiba Chokwe, who is the founder of Lescho Holdings in Mabopane, Pretoria, was also pleased about the focus on SMMEs.
“This budget is a game-changer for businesses like ours. Targeted funding and procurement opportunities will empower companies like Lescho Holdings to grow, create jobs and contribute meaningfully to the province’s economy,” he said.
Lethabo Twala, who is the owner of Lethabo Creations in Lotus Gardens in the city, described the financial support initiatives “a lifeline for small businesses”.
“Access to affordable funding and procurement opportunities will enable us to expand our operations and create more jobs within our community,” Twala said.
Maile added that the financial commitments aligned with the Gauteng Growing Together 2030 plan, which placed inclusive economic participation and innovation at the forefront of government development priorities.
