{"id":20011,"date":"2023-01-16T10:37:20","date_gmt":"2023-01-16T10:37:20","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/new-supply-opportunities-in-27-factory-shells"},"modified":"2023-01-16T12:07:58","modified_gmt":"2023-01-16T12:07:58","slug":"new-supply-opportunities-in-27-factory-shells","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/new-supply-opportunities-in-27-factory-shells","title":{"rendered":"NEW SUPPLY OPPORTUNITIES IN 27 FACTORY SHELLS"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>Suppliers continue to lead the business sector this year as more opportunities have availed themselves.<\/b><\/p>\n

To date, the country has constructed and commissioned 27 factory shells and these factories cover an area of about 197 500 square metres. \u201cThe factories are distributed around the country to encourage decentralisation.\u201d This was mentioned by the Minister of Commerce Industry and Trade Manqoba Khumalo exclusively to the business desk. Khumalo said foreign companies who have invested in Eswatini were encouraged to source their inputs from local suppliers. \u201cIn fact most of the foreign companies do business with local suppliers as it is cheaper for them to do so. However, there are gaps and limitations in the capacity of local supply which often requires importation of what cannot be sourced in the country.<\/p>\n

\u201cFurthermore, not only the business community is benefiting from the corporate sector since most of these companies have a strong presence in the social sector through their Corporate Social Responsibility (CSR) programmes. Not even the hardships brought by COVID-19 could deter investors from helping communities, one of the investors in the energy sector donated solar geysers to all clinics in the country, at a time when the clinics were in desperate need for running water for improved hygiene,\u201d he added.<\/p>\n

Companies<\/b><\/p>\n

When asked on how many companies have shown interest in investing in Eswatini, the minister said their pipeline indicates a healthy appetite for companies that want to expand and diversify in the country. He said over a handful of these companies were at advanced stages of readiness to expand. \u201cThis is amidst challenges that pose as key deterrents such as the power cost and its guaranteed supply in Eswatini. Another limitation experienced is the unavailability of suitable space including land and factories,\u201d added Khumalo.<\/p>\n

Reviewing<\/b><\/p>\n

The minister alluded that the country was currently in the process of reviewing the investment policy that was developed a decade ago as well as establishing legislation that advances the objectives outlined in the strategic roadmap and post-Covid-19 economic recovery strategy. He said they have seen significant investment in recent years, both in the form of new entrants and expansion, they considered the significance of investments from various perspectives due to the fact that the impacts they bring to the economy was multi-faceted and varies from one project to the next. \u201cIt could be in terms of the number and quality of jobs they will provide, the initial and subsequent capital invested, the gains to the community in the form of economic participation, social enhancement and other useful indicators which make us conclude that there have been a number of those projects delivered,\u201d he added.<\/p>\n

One of the construction material suppliers locally Sibonelo Mavimbela said they were ready to supply any project that has been approved. Mavimbela said one of their challenges was sourcing material abroad as it comes at a big price. \u201cMaterial outside the country is expensive, this means that we then have to increase the price we charge our clients,\u201d he added. He also mentioned that they need investors to procure such material and sell it locally.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. Suppliers continue to lead the business sector this year as more opportunities have availed themselves. To date, the country has constructed and commissioned 27 factory shells and these factories cover an area of about 197 500 square metres. \u201cThe factories are distributed around the country to encourage decentralisation.\u201d This was mentioned by […]<\/p>\n","protected":false},"author":84,"featured_media":20010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,248,249],"class_list":["post-20011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nNEW SUPPLY OPPORTUNITIES IN 27 FACTORY SHELLS - Eswatini<\/title>\n<meta name=\"description\" content=\"Suppliers continue to lead the business sector this year as more opportunities have availed themselves. 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