The Mpumalanga Economic Growth Agency was formed on the 1st April 2010 by merging the old Mpumalanga Economic Growth Agency, Mpumalanga Housing Finance Company and Mpumalanga Agricultural Development Corporation.
In terms of Section 3(1) of the Act, the mandate of the new MEGA is:
- To provide funding in respect of property development including the granting of housing loans as well as in respect of approved enterprise and agricultural development focusing primarily on previously disadvantaged individuals within the Province.
- To focus on project management, development and management of immovable property; and
- To promote foreign trade and investment so as to ensure enterprise and agricultural development that will significantly contribute to economic growth and development within the Province with specific emphasis on BEE.