{"id":31620,"date":"2023-08-10T17:08:48","date_gmt":"2023-08-10T17:08:48","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=31620"},"modified":"2023-08-10T17:09:58","modified_gmt":"2023-08-10T17:09:58","slug":"revealedinyatsi-group-of-companies-chairman-michello-shakantu-takes-over-swaziland-meat-industriesembiveni-matsapha-employees-not-paid-terminal-benefits","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/revealedinyatsi-group-of-companies-chairman-michello-shakantu-takes-over-swaziland-meat-industriesembiveni-matsapha-employees-not-paid-terminal-benefits","title":{"rendered":"REVEALED:Inyatsi Group of Companies Chairman Michello Shakantu takes over Swaziland Meat Industries(eMbiveni) Matsapha, employees not paid terminal benefits"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>Inyatsi Group of Companies Chairman Michello Shakantu has taken over the Eswatini Meat Industries(SMI) known as \u201cEmbiveni\u201d Matsapha, an independent investigation reveals.<\/b><\/p>\n

A questionnaire was sent to the Inyatsi Director, however, he had not responded at the time of compiling this report.<\/p>\n

But information in our possession suggest that, Inyatsi Group of Companies started operating at Embiveni on or around the 18th July 2023, company employees are now rendering their services under new Directors and Shareholders.<\/p>\n

But, one of the employees earlier this week alleged that, the previous employer did not pay them their terminal benefits.<\/p>\n

\u201cWe were not paid our terminal benefits and when we approached the new employer Inyatsi, the Management told us to resolve our payment issues with the previous employer. The Management said, we won\u2019t be fired but, as the new employer, they are not,in any way, involved in the payment our terminal benefits\u201d, said the eMbiveni employee.<\/p>\n

Reached for comments Zandile Dlamini, the new Eswatini Meat Industries(SMI) General Manager who was allegedly deployed by Inyatsi Group of Companies said, the issue of the workers terminal benefits \u201cis pending before court\u201d, and therefore, she asked not to comment.<\/p>\n

\u201cThe matter of the workers terminal benefits is pending before court hence it won\u2019t be proper for me to comment\u201d, said the General Manager.<\/p>\n

Speaking on Tuesday evening, Wander Mkhonza, the Secretary General of the Amalgamated Trade Union of Swaziland(ATUSWA) said, he was also aware that Inyatsi Group of Companies has taken over the Eswatini Meat Industries.<\/p>\n

But, the ATUSWA Secretary General clarified that, when a company changes Directors and\/or owners, the previous owner must pay the workers their terminal benefits.<\/p>\n

\u201cThe Employment Act suggests that,when a company changes ownership, the previous owner must pay the workers their terminal benefits.In the event, the previous owner fails to pay, the new owner is legally obligated to do so within thirty(30) days. We have worked with Inyatsi on a similar matter at Maloma Mine, the workers were paid and we hope even on this matter, the employees will receive their terminal benefits as per the provisions of the law. But,we have gathered that, the matter is now before court, we hope it will be handled in the interest of justice so that, workers can receive their monies,\u201d said the ATUSWA Secretary General.<\/p>\n

On another note, insiders within Inyatsi Group of Companies told this publication this week that, the take-over will enable emaSwati to sell their cattle to the Eswatini Meat Industries(SMI) at a very competitive price, SMI exports beef to the European market.<\/p>\n

Competitive pricing refers to the selection of strategic prices and this, is based on the market value and competition either in the local and\/or global market.<\/p>\n

But,the competitive prices might fluctuate based on, among others, the global currency exchange rate and\/or the demand of the product in the global market.<\/p>\n

\u201cThis is a great opportunity for emaSwati to venture into the business of feedlots, eMbiveni will now buy cattle at a very competitive price considering the demand in the European market\u201d, said the insider within Inyatsi.<\/p>\n

Nathie Dlamini, the Chief Executive Officer(CEO) of Business Eswatini(BE) told on Wednesday morning that, he was also aware of the change of ownership and\/or shareholding at Eswatini Meat Industries.<\/p>\n

The Business Eswatini CEO said, he was yet to receive more details regarding the change of Directors at SMI and thereafter, he would be in a better position to comment.<\/p>\n

\u201dI am aware of the change of ownership at the Eswatini Meat Industries but, I\u2019m yet to receive more details. Perhaps, thereafter, I will be in a better position to comment\u201d, said the Business Eswatini CEO.<\/p>\n

Source: swazilandnews<\/b><\/p>\n

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

Africa-Press – Eswatini. Inyatsi Group of Companies Chairman Michello Shakantu has taken over the Eswatini Meat Industries(SMI) known as \u201cEmbiveni\u201d Matsapha, an independent investigation reveals. A questionnaire was sent to the Inyatsi Director, however, he had not responded at the time of compiling this report. But information in our possession suggest that, Inyatsi Group of […]<\/p>\n","protected":false},"author":84,"featured_media":31619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[234,248,249],"class_list":["post-31620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\nREVEALED:Inyatsi Group of Companies Chairman Michello Shakantu takes over Swaziland Meat Industries(eMbiveni) Matsapha, employees not paid terminal benefits - Eswatini<\/title>\n<meta name=\"description\" content=\"Inyatsi Group of Companies Chairman Michello Shakantu has taken over the Eswatini Meat Industries(SMI) known as \u201cEmbi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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