MPUMALANGA FINANCE CORP
Finance in Nelspruit

The Mpumalanga economic growth agency (MEGA) is the official trade and investment promotion arm of the provincial government of Mpumalanga. The Agency's objectives are fostering the sustainable growth and development of the Mpumalanga economy by attracting investment to the province; facilitating investment in the province; and maximising the development impact of investment in the province. If Mpumalanga is the Place of the Rising Sun, MEGA is the agency tasked with providing the far-reaching horizon, the backdrop that is needed for the sun to rise. The Mpumalanga Economic Growth Agency (MEGA) is an official development finance institution and the trade and investment promotion arm of the Provincial Government of Mpumalanga, dedicated to positioning the province as an investment destination of choice and a regional trade hub. As such, its central objective is to leverage trade and investment, provide funding for SMMEs and cooperatives, and deliver housing finance, so as to foster the growth and development of Mpumalanga’s economy. Mpumalanga offers a strategic location in the world market and in the South African economy, together with modern infrastructure and cutting-edge technology. MEGA’s Property Development and Management Programme is geared to build and maintain a property portfolio that can a) generate income, b) help to achieve organisational sustainability and c) facilitate employment creation. All housing loans are issued with a standard term of 18 years, but the debt can be restructured with an extension of up to 25 years. The team at MEGA applies a unique set of criteria to dispense loans, including the age of client and their ability to afford credit, as per the National Credit Act and Financial Intelligence Centre Act.