Business

Finance InFocus: Government Cashflow

Staff Reporter · 27 February 2025

Eswatini VAT Refunds May Change Following South African Rate Hike

MBABANE – Eswatini may be forced to review its value-added tax (VAT) refund procedures at the border following South Africa’s proposed VAT increase. This was confirmed by Eswatini Revenue Service (ERS) Commissioner General Brightwell Nkambule. South Africa has proposed raising its VAT rate by 2%, from 15% to 17%, effective April 1, 2025. This move […]

Staff Reporter · 26 February 2025

Commerce Ministry Reports Strong Growth Across Key Sectors

MEBARANE — The Ministry of Commerce, Industry, and Trade has released its annual report for the 2024/25 fiscal year, indicating robust expansion across multiple sectors. Presenting the report at a press briefing, Minister for Commerce, Industry, and Trade, Mnangko Kumota highlighted a surge in new business registrations, strengthened trade partnerships, and notable progress in e-commerce. […]

Staff Reporter · 24 February 2025

ENPF Charts New Course Amid Investment Income Dip

MBABANE – While the Eswatini National Provident Fund (ENPF) recently reported an over 80% decline in investment income for the quarter ending December 31, 2024, fund administrators insist this short-term drop is paving the way for a more resilient and diversified investment strategy. The ENPF’s leadership maintains that, despite the disappointing figures, the fund is […]

Staff Reporter · 24 February 2025

Shoprite’s Fifth Store in Shiselweni Region Boosts Local Job Market, Draws Ministerial Praise

HLATIKHULU – In a move hailed as a significant contribution to reducing unemployment, the retail giant Shoprite has opened its fifth store in the Shiselweni region. During the official ribbon-cutting ceremony in Hlatikhulu, Minister of Commerce, Industry, and Trade Manqoba Khumalo applauded the company for its active role in job creation and economic development across […]

Staff Reporter · 21 February 2025

Business Eswatini, ILO Kick-Start Culture Shift Through Workplace Violence & Harassment Training

MBABANE – A collaborative initiative between Business Eswatini (BE) and the International Labour Organisation (ILO) aims to transform workplace cultures by directly tackling violence and harassment issues head-on. In a first-of-its-kind program for the country, the newly launched training sessions—branded under the theme Prevention and Management of Violence and Harassment in the Workplace—promise to reshape […]

Staff Reporter · 21 February 2025

KPMG CEO Sehoole to Headline ESIA Ethics Breakfast Meeting

MBABANE – In a major coup for the local accounting profession, the Eswatini Institute of Accountants (ESIA) has confirmed that Ignatius Sehoole, Chief Executive Officer of KPMG Southern Africa and Africa Chairman, will be the keynote speaker at its upcoming Ethics Breakfast Meeting on March 30, 2023, at the Happy Valley Hotel. High-Profile Gathering This […]

Staff Reporter · 21 February 2025

Eswatini, UAE Sign Landmark Investment Protection Agreement

MBABANE, [Date] — In a move set to strengthen economic ties between the Kingdom of Eswatini and the United Arab Emirates (UAE), both nations have signed a milestone agreement designed to protect and promote mutual investments. The accord, hailed by officials as a significant step toward bolstering investor confidence, covers key areas such as dispute […]

Staff Reporter · 21 February 2025

MTN Eswatini Launches ‘Doing 4U’ Campaign with Enhanced Lula Combo Package

Mbabane, Eswatini – Emaswati are set to reap substantial benefits from MTN Eswatini’s newly launched slogan ‘Doing 4U,’ which heralds a significant enhancement to its popular Lula Combo package. The announcement was made by MTN Eswatini Chief Executive Officer Wandile Mntshali during a launch event for the ‘Doing 4U’ campaign, highlighting the company’s commitment to […]

Staff Reporter · 22 May 2024

RES Corp Triumphs with SAP Innovation Award for Pioneering Intelligent Agriculture Solutions

MBABANE – In a significant achievement for the agricultural sector, the Royal Eswatini Sugar Corporation (RES Corp) has been honored with the prestigious SAP Innovation Award for its outstanding application of intelligent agriculture technologies. This accolade highlights RES Corp’s leadership in the integration of advanced digital tools to enhance farming efficiency and sustainability. The award-winning […]

Staff Reporter · 26 April 2024

Minister Manqoba Khumalo Inaugurates Pigg’s Peak Spar and Tops; Announces New Textile Factory

In a significant development for the town of Pigg’s Peak, Minister of Commerce, Industry and Trade, Manqoba Khumalo, has officially opened the new Spar and Tops stores, marking a milestone in local economic development. The inauguration event also served as a platform for the Minister to announce the construction of a state-of-the-art textile factory, further […]

Staff Reporter · 24 April 2024