Showing posts with label Highlights. Show all posts
Showing posts with label Highlights. Show all posts

Friday, February 11, 2011

Business Highlights

A meeting of art and business - local bead artists under Litsemba Mtiya Threads collaborated with New York born author Gail Masondo on bookmarks for her recent book, "Now This Feels Like Home". The book will be launched locally in Mbabane next week Thursday.

Goat milk and cheese now available at Pick n Pay - currently only two local suppliers AD Enterprises and Tisuka Taka Ngwane will be selling to the retailer Pick n Pay exclusively.

Youth Enterprise Fund helped establish 399 youth businesses in 2010 - extensive education countrywide in collaboration with the Swaziland National Youth Council and Tinkhundla Youth Commitees about the Fund saw an increase in the entrepreneurship spirit among the under-30 cohort of the population.

Matata Group to open 4 new Spar outlets by the end of the year 2011- these will include new branches in Manzini, Mbabane and Sidvokodvo.

Read Full Stories on The Swazi Observer and Times of Swaziland

Wednesday, February 9, 2011

Business Highlights

Times of Swaziland
Central Bank of Swaziland Quarterly Report September 2010 - the construction industry, which contributes 30% to the GDP, contracted by 3.1% . Causes include a reduction in exports, increased competition and a reduction in FDI all due to the larger global economic slowdown.
In the same report, earnings by the textile industry doubled as export receipts increased from E71.5 million to E141.9 million, thanks to the AGOA market. Beef exports to the EU also incrased by 90%.


The Swazi Observer
Fuel prices went up last night with petrol increasing by 70 cents, diesel by 80 cents, and parrafin by 60 cents. A hike in public transport prices is expected as a reaction to higher fuel prices.
Following lack of allocations by the king during his speech at the opening of parliament last Friday, plus the bleak outlook concernign IMF funding, significant bugdet cuts are expected from Minister of Finance Majozi Sithole's budget speech.