Monday, May 30, 2011

Employer / Business Leader of the Year Awards 2011

Friday, 27 May 2011 will go down in business history as the launch of the first Employer / Business Leader of the Year Awards. An initiative of the Federation of Swaziland Employers & Chamber of Commerce, its main focus is recognizing and rewarding businesses that go the extra mile to ensure excellence is service delivery and quality products, especially as the country faces the worst economic crisis in contemporary times.

The overall winner, a surprise to all, was Old Mutual Swaziland (click here), a company that is only three years old in the country. The award was accepted by Chief Executive Officer Mr Dantago Nico // Hoabeb. Close runner up was MTN Swaziland, followed by FNB Swaziland.

The following were category winners:

Employee Wellness - Coca Cola Swaziland
Sustainability - Swaziland Beverages
Employee Branding & Skills Development - Tintsaba Crafts
Talent Management - Standard Bank
HR Policies - Inyatsi Construction

We would like to cngratulate all our deserving winners, and to encourage other participants who did not make it. At the end , business in Swaziland was the overall winners.

The following sponsors are appreciated for their generous support which made these Awards a success:

MTN Swaziland
Standard Bank Swaziland
Inyatsi Construction
Swaziland National Provident Fund
Cadbury Swaziland
Swaziland Beverages

To read more on the dinner, check out the Times of Swaziland and The Swazi Observer



Wednesday, April 20, 2011

April 2011 World Economic Outlook

The International Monetary Fund (IMF) has released their World Economic Outlook (WOE) figures, downloadable here. The WEO database, released every April and October, contains selected microeconomic data for the IMF's analysis and projections of economic developments at the global, regional and country levels.

This database may be used to find data on national accounts, inflation, unemployment rates, balance of payments, fiscal indicators, trade for countries, aggegates and comodity prices whose data are submitted to the IMF.

Data are available from 1980 to the present, and projections are given for the next two years. 

Data on Swaziland from 1996 - 2016 can be found on this link. Also, if you would like a soft-copy, simply email and we would be more than happy to provide you with one.

Wednesday, March 16, 2011

Value & Value Creation Networking Event

Building Social Capital & Personal Success

Date: March 17th, 2011
Time: 12h00 - 14h00
Venue: In-residence

The Directorate for Trade and Commerce under the FSE & CC is hosting a two-hour networking event today. The event will be in residence, beginning noon to 2pm. The theme for the event is: Building social Capital and Personal Success. Some of the questions to be discussed include:
1.       Why is it that some organisations consistently outperform others, often within the same industry?
2.       Why are some people you know getting ahead faster than others of seemingly similar abilities?
Among the many possible answers to these questions, two stand out. Individuals who get ahead the fastest, have the greatest energy and enthusiasm, and are the happiest typically are those who are the most effective value creators. Organisations, be it a corporation (small or large), a church, a school, or government, that consistently outperform others are those with the most effective value creating individuals.
What represents value differs though from one organisation to another. As an individual value creator, you need to understand or refresh your memory on the value creation context of your organisation, and your specific role in it. As a manager or executive who bears responsibility for increasing value in the organisation, you need to know the factors that create and destroy value at the organisational level.
There is a simple explanation of why people often fail to create value, even though that is what they mean to do. In addition, there is an explanation of why ‘sustained’ value creation does not happen consistently.
This unique opportunity is ideal for entrepreneurs, managers, supervisors, and other relevant parties wishing to diversify their networks in the domestic business environment and beyond.
RSVP’s may be sent to Fanele ( or Busi (

Thursday, March 3, 2011

Employer / Business Leader of the Year Awards 2011

Talent Management: The Key to Improving Productivity

Application Deadline:: 18 March 2011
FSE & CC extends a warm invitation to business owners and employers for the inaugural awards appreciating positive leadership efforts in the workpalce.

The role of great leadership by employers and business owners cannot be overstated, especially in a small country working towards a world-class standard of living. The FSE & CC has taken up the initative to honor and encourage excellent leadership practices in the workplace. Our hope is not only to provide exposure for great companies in Swaziland, but also to ignite a spirit of healthy competition in the private sector, and to encourage internal career development for employees.

To highlight and promote the impact of best practice in human resource management, corporate governance and social corporate responsibility, and the effect in driving excellence and stellar performance.

In particular, the EBLYA 2011 provide a framework for what makes a great employer, what motivates employees and how companies can sustain their businesses in a challenging and competitive environment.

Participants will gai invaluable insights into their businesses through a survey analysis conducted by an independent consultant. This data will enable them to identify strengths and weaknesses, information that can be used in improving the workplace. In particular, by identifying intra-investment zones within a company, participants can maximize their positive effect on productivity.

Application Deadline:: 18 March 2011

Please contact Fanele at / or
Call 2404 0768 / 2404 4408 to obtain an application form.

Tuesday, February 22, 2011


The Director of Industrial Relations and Social Policy at FSE & CC is hosting a workshop on the new Companies Act 08/2009.

Date: 1st March 2011
Time: 08:00 am - 04:30pm
Venue: Royal Villas

In 2009, Swaziland saw the commencement of the new Companies Act, which repealed the almost century old Companies Act 1912. This was wisdely viewed as a step in the right direction by the industry owing to the development and requirements of business transactions and in everyday commerce.

The new Companies Act has 386 sections compared to the repealed Act's 219 sections. This comprehensive review has introduced new concepts and extended liabilities that were not previously in existence. These changes have had an impact in inter alia sectors such as banking and the accounting sectors.

No sooner had the new Act commenced did its practical application raise concerns. Glaring contradictions emerged and eith the advent of the Constitution of Swaziland, it became doubtful whether some provisions of the Act would pass Constitutional scrutiny.

There is no denying that the new Act partly addresses some of the demands of modern commerce and business transactions. What is doubtful is whether the Act is comprehensive enough to deal with contemporary trends in the ever evolving global market.
In light of the above concerns and doubts, and being sensitive to the needs of the business community in Swaziland, FSE & CC has invited Professor John Kiggundu whom the Governemnt of Swaziland had contracted as Legal Trade Advisor during the draft of the new Act in 2004.


The objective of the workshop is to highlight the salient provisions of the Act and to make a case for reform.

Individuals - E 2 500
Group (3 - 6 participants) - E 2 300/pp
Group (7 upwards) - E 2 000/pp

All affected parties, including but not limited to: CEO's, Finance Directors/Managers, Legal Advisors, Company Secretaries, Attorneys, Compliance Managers, Corporate and Strategic Managers, Business/Company Owners and Board Members, Law Students, Accountants, Auditors, and Bankers.

To register, please contact Nancy at or call 2404 0768 / 2404 4408.

Industrial Relations and Social Policy

Sunday, February 20, 2011

Three FSE & CC Members Giving Back to Community

Three FSE & CC members, The Mswazi Observer (Media), Standard Bank (Finance) and Macmillan Publishers (Service) began a campaign aimed at making the world a better place for orphans and vulnerable children (OVSc) in Swaziland. The Shoe Collection Campaign has a simple objective: to provide shoes, an essential part of a child's school uniform, to children in need.
A donation by Stanlib of E5 000 towards the campaign last Friday came at the best time as we are approaching the winter season. Although a small donation, it is encourgaing to see a financial institution commiting itself to developing human capital in Swaziland, something the country as a whole should befocusing on.

To read the full article, click here.

Friday, February 18, 2011


What does AM Consultancy do?

AM Consultancy specializes in implementation, support and training of computerized financial systems. Our system include as well as full accounting software, payrolls, manufacturing, service industries, customer relationship management to name a few. We implement system from small companies to large, with the majority of companies in Swaziland using our services. Our company has been in business in Swaziland for the last 20 years we also have clients in Mozambique, Malawi, Zambia and South Africa. We have a large team of qualified consultants based in Swaziland and over 24/7 support when required

Please tell us more about the ACCPAC Awards

The awards are held annually and although we normally receive an award, gold or silver we have only received this particular award for Best Achiever Africa twice before in 2005 and 2008. The awards are not only based on ACCPAC Sales but also the support we give our clients.

Where were the Awards held?

At Champagne Sports in the Drakensburg in South Africa

What are some of the companies/countries competing with AM Consultancy?

All African companies, including Kenya, Zimbabwe, Zambia, Mozambique, Lesotho, Malawi. There are over 300 ACCPAC dealers in Africa. A very interesting static is that AM Consultancy has sold more ACCPAC per capita than anywhere in the world.

What does the Award mean for the company?

The award means a lot to us, we work very hard and it is always nice to be recognized for this. However none of this would be possible without our hardworking team of consultants and the support of our loyal clients