Gov Feeds

STATEMENT BY THE RT HON PRIME MINISTER
AMBROSE MANDVULO DLAMINI
AT THE HANDING OVER OF A CARAVAN PROCURED BY MVA FUND FOR POLICE MANNING MALAGWANE COOLING STATION
AT POLICE HEADQUARTERS, MBABANE
MONDAY 18 FEBRUARY 2019

 

Honourable Ministers
Chief Executive Officer of Sincephetelo MVA Fund and staff
Acting National Police Commissioner and all Police present
Senior Government officials
Representative of Mbabane West Inkhundla
Members of the media
Distinguished ladies and gentlemen

It gives me great pleasure to be a witness of this momentous event, the handing over of a Caravan facility and an assortment of traffic policing equipment to the Royal Eswatini Police Service, courtesy of the Sincephetelo MVA Fund.

The handing over of the fully equipped, top of the range Caravan and accompanying equipment to be used by Traffic Police officers deployed at the Malagwane Traffic Cooling Station, is the latest form of benevolence to be extended by the MVA Fund to the Police Service. Sincephetelo MVA Fund has a long history of support for programmes that are broadly aimed at strengthening road safety in the country, for which we are grateful.

Over the years, the Royal Eswatini Police Service has been among the biggest recipients of the Fund’s generosity. Inclusive of the Caravan and the other equipment to be commissioned today, the Sincephetelo MVA Fund has spent over E1.5Million, to bolster traffic policing in the country.

This is a very substantial investment, by any standard, to have been made by the MVA Fund towards assisting His Majesty’s Government in ensuring that levels of road safety are kept at the highest possible level. Without doubt, Sincephetelo MVA Fund is a true and valuable strategic partner to Government.
The company’s commitment to leveraging road safety interventions is especially commendable as road safety is pivotal to the success of His Majesty’s Government’s forthcoming strategic roadmap whose main focus, is creating an environment that is conducive for business growth and investment, and efficient public service delivery.

The key thrust of this Strategy is expanding private sector growth to broaden the country’s revenue base, through widening the corporate tax net and creating wealth and employment, among other socio-economic outputs. A viable and safe road network is an indispensable element for ease of moving commodities to markets, the movement of employees to and from work, as well as ensuring that production implements are delivered timely.

The rapid movement and timely deliveries of commodities to markets and processing inputs to enterprises of source, is very vital in the business sphere, as it is one environment that is stringent on sticking to set time-frames and deadlines.

 

Other than the smooth flow of business interaction, citizens rely, to a larger extent, on a safe and reliable road network to access essential social services such as health and education.

His Majesty’s Government is encouraged by reports that show that the spate of accidents, especially those involving heavy haulage vehicles, has been dramatically reduced since the setting up of the Cooling Station at the crest of the Malagwane Hill. This is a positive development, especially as this stretch of road is the major conduit between the country’s two biggest cities, as well as being the most utilized gateway to the Matsapha industrial and manufacturing hub.

As the traffic officers manning the Station will now be working in a more conducive environment, I believe they will be motivated as they go about their duties, creating an environment that will see a further reduction of accidents. Our roads should remain safe at all times, and one life lost is one too many. I take this opportunity to congratulate the commitment of the Royal Eswatini Police Service for ensuring public safety and the protection of our citizens and visitors.

On such an occasion, in my capacity as Minister for Police Affairs, I find it appropriate to encourage Traffic officers to always be courteous as they discharge their duties on the roads. Officers should consistently keep it in mind that they are the most visible first point of contact for investors seeking to set up businesses in the country as well as tourists visiting the Kingdom.

As they interact with people on the roads, they must always strive to leave a positive impression about the Kingdom of Eswatini to all categories of our visitors and road users. Similarly, I implore drivers to take matters of their own safety and the safety of other road users to the heart. Respecting road rules is not simply a measure to avoid police fines or arrest, but a safety requirement that should be a norm even when no police officer is in sight.

In conclusion, may I once again extend my gratitude to the Board and Management of Sincephetelo MVA Fund, for the generous support to our Police Service. May other entities emulate this good example, by partnering Government to boost the safety and security of all Emaswati.

On behalf of His Majesty’s Government, it gives me great pleasure to officially launch the Malagwane Cooling Police Station and Commission the use of the Malagwane police Caravan.

Thank you. May God bless us all.

STATEMENT BY THE RT HON PRIME MINISTER
AMBROSE MANDVULO DLAMINI
AT THE OFFICIAL LAUNCH OF AUTOMATED TRADING SYSTEM, UNVEILING OF NEW NAME AND LOGO OF ESWATINI STOCK EXCHANGE
AT THE ROYAL VILLAS, EZULWINI
FRIDAY 15 FEBRUARY 2019

 

Your Royal Highnesses
Honourable Ministers
Chief Executive Officer of the Financial Services Regulatory Authority (FSRA)
Governor of the Central Bank of Eswatini
Board and Executive Members of FSRA
Board and Executive Members of the Central Bank of Eswatini
Board and Executive Members of Listed Companies on the Eswatini Stock Exchange
Board and Executive Members of the Sell side and Buy side of the financial sector of the Kingdom of Eswatini
CEO’s of Listed Companies and Commercial Banks
Acting CEO of Escrow Systems
Distinguished members of the Eswatini Stock Exchange;
Senior Government Officials;
Invited guests
Ladies and Gentlemen.

It is my honour, on behalf of His Majesty’s Government, to be part of this triple celebration, the official launch of the Automated Trading System (ATS) which comes with mobile trading, new name and LOGO.
It is also my pleasure, from the onset, to announce the new name of the local Stock Exchange to be Eswatini Stock Exchange (ESE). The change follows the declaration by His Majesty King Mswati III for the country to go back to its original name Eswatini.
The unveiling of the new name and logo is indeed a part of the evolution of the Eswatini Stock Exchange brand coinciding with one major milestone for the Exchange - that of successfully completing the automation of its trading platform. The re-design and re-imagining of the logo to one that “stands out” is a clear testimony that the brand of Eswatini Stock Exchange is well positioned in the market place to meet the requirements of investors looking for opportunities to derive higher investment returns.
May I take this opportunity to appreciate the expertise of Escrow Systems (Pvt) Ltd from the Republic of Zimbabwe who partnered with ESE to automate the Eswatini Stock Exchange Trading Platform. I recall our first breakfast meeting where this gigantic project was introduced to me while I was in my previous employment. I was excited because I knew that the automation will see the Exchange moving from a manual system to joining other modern markets.
Since the ATS solution will come with mobile trading, it was clear to me that it will allow retail investors and company secretaries to use native applications like Android and iOS applications to enquire about their portfolios in the comfort of their homes or offices through an online Investor page.
The evolution of the Automated Trading System is in line with Government’s commitment towards uplifting the ICT sector and bringing efficient, affordable and convenient services at the fingertips of all Emaswati. For both the sell and buy sides, the ATS will revolutionize Eswatini’s capital markets by reducing the cost of transactions, enhancing market liquidity and increasing transparency.
Today, ladies and gentlemen, we are experiencing a watershed moment in the history of capital markets in Eswatini. These developments stand to elevate the ESE to be in line with global trends thus enabling the Exchange to introduce a wide range of innovative products that speak to both local and international investors. Without doubt, capital markets, as observed in many a developed country, play a vital role in economic development.
While we are excited to launch these products this morning, we have an obligation to upscale public education campaigns to ensure that more Emaswati not only invest in capital markets but understand the investment opportunities that are available.
I am pleased to note that the Eswatini Stock Exchange has recruited 20 resource persons who will be traversing the country educating the public on how to save and invest in the capital markets, with the aim of reaching 100 000 individuals by the end of the financial year 2019/20.
As part of public education, His Majesty’s Government welcomes the efforts to stimulate the issuance of securities by sensitizing entrepreneurs on fund raising opportunities in the capital markets. We encourage the use of new and contemporary communication tools during the public education campaigns, including capitalizing on the widely popular social media platforms, especially in reaching out to the youth.
Many budding young investors may find it difficult to start investing in capital markets due to limited funds and knowledge about how investing in the stock market works. We have a duty to educate them and kindle their interest in investing on our capital markets. Mobile trading, for instance, will surely resonate well with this tech-savvy generation.
Government is in the process of launching a new strategic roadmap map that will provide clear guidlines on the strategies and processes to be followed in jolting our economy back to life. We are happy with the positive feedback and support we continue to receive from Emaswati as we embark on this challenging but critical journey of turning around our economy to enable Government to better provide the services that will uplift the living standards of our people.
To this end, we are determined to providing a fertile environment for the private sector to grow and flourish thus providing employment opportunities and utilizing the innovative acumen of Emaswati to create more value adding products and services to enhance economic growth.
We all know that Micro, Small and Medium Enterprises (MSMEs) are major catalysts in the development of economies, as they constitute a major part of industrial activity.
We are excited by the opportunity provided by the newly branded Eswatini Stock Exchange for our micro, small and medium business to be able to raise capital through listing on the SME Board of the ESE.
May I take this opportunity to thank you all for supporting the work of the Eswatini Stock Exchange. A special gratitude goes to the FSRA and the Central Bank of Eswatini for working together to support the Eswatini Stock Exchange in its endeavour to turn around the market. I look forward to more listings of both SMEs and Big corporations to make our Exchange more liquid.
My gratitude goes to Eswatini Mobile and FNB Eswatini who have already made public announcements of their imminent listing on the ESE, and implore other Multinational Corporations and Domestic companies to follow suit.
It now gives me pleasure, on behalf of His Majesty’s Government, to officially launch the Automation Trading System and the renaming of the Exchange to Eswatini Stock Exchange under a new logo.

Thank you. May God bless us all.

 

Statements

YOUR MAJESTY THE INDLOVUKAZI,
EMAKHOSIKATI,
YOUR ROYAL HIGHNESSES,
PRIME MINISTER,
COUNCILLORS,
CHIEFS,
CHIEF JUSTICE,
DEPUTY PRIME MINISTER,
CABINET MINISTERS,
EXCELLENCIES, MEMBERS OF THE DIPLOMATIC CORPS,
PRESIDENT AND MEMBERS OF SENATE,
SPEAKER AND MEMBERS OF THE HOUSE OF ASSEMBLY,
DISTINGUISHED GUESTS,
LADIES AND GENTLEMEN.
SIYANIVUSELA NONKHE BEKUNENE EPHALAMENDE

INTRODUCTION
IT IS WITH GREAT JOY THAT WE JOIN YOU ALL FOR THIS OFFICIAL OPENING BEING THE FIRST SESSION OF THE ELEVENTH PARLIAMENT OF THE KINGDOM OF ESWATINI.

A WARM WELCOME IS EXTENDED TO ALL THOSE WHO HAVE TRAVELLED FAR AND WIDE TO BE WITH US TODAY, AND TO THE FRIENDS OF THE KINGDOM IN OUR MIDST, WHO HAVE COME TO WITNESS THIS VERY IMPORTANT OCCASION IN OUR ANNUAL CALENDAR.

WE ALSO RECOGNISE THE MULTITUDES OF EMASWATI WHO COULD NOT MAKE IT TO LOBAMBA BUT ARE PART OF THESE PROCEEDINGS THROUGH THE VARIOUS MEDIA.

AN EVENTFUL 2018
FROM THE ONSET, MAY WE GIVE THANKS TO THE ALMIGHTY GOD AND OUR ANCESTORS FOR GUIDING AND SEEING US THROUGH AN EVENTFUL 2018. WE WERE BLESSED WITH SUCCESSFUL NATIONAL CHURCH SERVICES AND IMIKHOSI YELIVE.

WE COMMEND THE MULTITUDES OF THE DIFFERENT REGIMENTS FOR THEIR PARTICIPATION, WHICH REVEALED A DESIRABLE COMMITMENT TO PRESERVE OUR CULTURAL HERITAGE FOR THE BENEFIT OF OUR FUTURE GENERATIONS.

IT WAS ALSO A YEAR THAT USHERED US INTO A 50-YEAR NATIONAL DEVELOPMENT MILESTONE IN PEACEFUL
CO-EXISTENCE. THE NATION SHOWED PATRIOTISM AS WE UNITED TOGETHER WITH FRIENDS OF THE KINGDOM IN CELEBRATION OF OUR SUCCESS OVER ADVERSITY.

THE LORD ALMIGHTY HAS BLESSED US WITH GOOD RAINS WELL INTO 2019. THIS GIVES US HOPE, AND WE URGE THE FARMERS AND THE ENTIRE NATION TO TAKE ADVANTAGE OF THESE RAINS TO PRODUCE ENOUGH FOOD WHICH WILL ENABLE US TO BE SELF-SUFFICIENT, AND COMMERCIALISE THE SURPLUS.

NATIONAL ELECTIONS
WE TAKE THIS OPPORTUNITY TO THANK THE WHOLE NATION FOR COMING OUT IN NUMBERS FOR THE GENERAL ELECTIONS, WHICH HAVE COMPLIED WITH REGIONAL AND INTERNATIONAL GUIDELINES AND BEST PRACTICES. MOST APPRECIABLY, THEY WERE AMONG THE MOST PEACEFUL IN THE REGION AND ABROAD, WHICH IS A GOOD REFLECTION OF OUR TRADITIONAL VALUES.

INTERNATIONAL OBSERVERS, INCLUDING SADC AND THE AFRICAN UNION, DECLARED OUR NATIONAL ELECTIONS CREDIBLE, FREE AND FAIR.

THE 2018 NATIONAL ELECTIONS MARKED A SIGNIFICANT MILESTONE IN OUR HISTORY, AS WE RECORDED OVER 90% VOTER REGISTRANTS AND OVER 60% VOTER TURNOUT. WE OWE THIS SUCCESS TO THE ASSERTIVE CIVIC AND VOTER EDUCATION CAMPAIGNS CHAMPIONED UNDER THE SLOGAN; “NGETE NGASALA NASAKHA LIVE”.

ROLE OF PARLIAMENTARIANS
PARLIAMENTARIANS, WE WELCOME YOU TO THIS AUGUST NATIONAL ASSIGNMENT. TODAY MARKS THE COMMENCEMENT OF YOUR WORK AS YOU NOW FORM PART OF THE LEGISLATIVE ARM OF GOVERNMENT. WE MUST EMPHASISE YOUR UNIQUE PARLIAMENTARY CYCLE THAT PLACES YOU AS THE LEGISLATURE THAT SHOULD LEAD US TO THE YEAR 2022 AND BEYOND.

THE WHOLE NATION IS LOOKING UPON YOU TO WORK HARD IN DEVELOPING OUR KINGDOM TO POSSESS ALL THE BASIC TENETS OF A FIRST WORLD COUNTRY. AS YOU PLAY YOUR OVERSIGHT FUNCTION YOU SHOULD ALSO COME UP WITH STRATEGIES AND IDEAS THAT WOULD ASSIST IN TURNING OUR CHALLENGES INTO GREAT ECONOMIC OPPORTUNITIES.

THESE CHALLENGES INCLUDE UNEMPLOYMENT, JOB CREATION, POVERTY, SUSTAINABLE ECONOMIC DEVELOPMENT, PROVISION OF QUALITY HEALTH SERVICES, EDUCATION AND SOCIAL WELFARE FOR THE WHOLE NATION. YOU ARE URGED TO MEET, WORKSHOP AND BRAINSTORM TOGETHER TO COME UP WITH THE BEST POSSIBLE ROADMAP TO DEVELOP OUR NATION. YOU ARE BOTH THE SERVANTS OF THE NATION, AND SOME OF YOU HAVE BEEN HERE BEFORE, WHILST OTHERS ARE NEW IN THIS ROLE; BUT THE EXPECTATION IS THAT YOU SHOULD TAKE THIS BATON FROM YOUR PREDECESSORS AND HIT THE GROUND RUNNING.

AFTER FIVE YEARS THE NATION SHOULD BE PROUD THAT YOU HAVE ACCOMPLISHED YOUR MISSION WITH TANGIBLE RESULTS. WHAT IS REQUIRED OF YOU IS TO BE HONEST, EMBRACE THE SPIRIT OF NATIONHOOD, BE CREDIBLE, AND UPHOLD INTEGRITY AND RESPECT TO THE PEOPLE WHO VOTED FOR YOU, AS WELL AS TO ALL THE INSTITUTIONS AND AUTHORITIES OF OUR KINGDOM.

ECONOMIC DEVELOPMENTS AND OUTLOOK
DOMESTIC ECONOMIC ACTIVITY REMAINS WEAK AND IS ESTIMATED TO HAVE DECLINED BY 0.4 PERCENT IN 2018, TRIGGERED BY THE CURRENT FISCAL CHALLENGES AND THE FRAIL EXTERNAL EXPECTATION WHICH DAMPENED GROWTH FOR THE COUNTRY’S EXPORTS.

 

 

ECONOMIC GROWTH IN THE MEDIUM TERM IS EXPECTED TO GRADUALLY PICK-UP, BUT REMAINS BELOW 2 PERCENT, DRIVEN BY ANTICIPATED IMPROVEMENTS IN THE AGRICULTURE AND MANUFACTURING SECTORS. GROWTH IS FORECASTED AT 1.8 PER CENT IN 2019.

GOVERNMENT’S FISCAL POSITION
THE KINGDOM OF ESWATINI CONTINUES TO FACE DAUNTING FISCAL AND ECONOMIC CHALLENGES. GOVERNMENT REVENUES AND EXPENDITURES ARE CONTINUOUSLY MOVING IN OPPOSITE DIRECTIONS, DRIVEN BY VOLATILE RECEIPTS FROM THE SOUTHERN AFRICAN CUSTOMS UNION (SACU) AND BALLOONING GOVERNMENT EXPENDITURE.

THE EXPANSIONARY FISCAL POSITION HAS SURPASSED SUSTAINABLE LEVELS, RESULTING IN THE ACCUMULATION OF ARREARS, INCREASED DEPLETION OF RESERVES AND CONSTRAINED ECONOMIC GROWTH.

DESPITE THIS DOWNTURN, WE DO NOTE A SLIGHT IMPROVEMENT IN SACU RECEIPTS BY E500 MILLION. THE NATION IS CONCERNED THAT THE SACU RECEIPTS HAVE BEEN DECREASING OVER THE LAST FEW YEARS. WE NEED TO FIND OUT WHAT IS THE CAUSE OF THE THIS DECLINE BECAUSE IT AFFECTS OUR NATIONAL DEVELOPMENT PLANS. THIS CALLS FOR A PROPER ANALYSIS OF THE SHARING OF SACU RECEIPTS BY MEMBER STATES.
IT IS PLEASING TO NOTE THAT THERE IS ALSO A PROJECTED INCREASE IN DOMESTIC COLLECTIONS BY THE ESWATINI REVENUE AUTHORITY IN THE FINANCIAL YEAR 2019/20. IT IS IMPORTANT TO POINT OUT THAT THESE WILL NOT BE SUFFICIENT TO OFFSET THE ARREARS ACCUMULATED OVER THE YEARS. IT WILL ALSO FAIL TO MEET GOVERNMENT’S DOMESTIC FINANCING REQUIREMENTS FOR THE FISCAL YEAR.

IN THIS REGARD, IT IS IMPERATIVE THAT GOVERNMENT PRESENTS A FULLY FINANCED BUDGET TO HELP CONTAIN THE SITUATION. OUR ALLOCATIONS SHOULD BE INFORMED BY THE FUNDS THAT WE HAVE IN THE PURSE.

THIS HOWEVER, WILL REQUIRE VERY STIFF MEASURES AND CONCERTED EFFORT TO CURTAIL EXPENDITURE, WHILST VIGOROUSLY EXPLORING AVENUES THROUGH WHICH GOVERNMENT REVENUE CAN BE ENHANCED.

IN COMING UP WITH A FULLY FINANCED BUDGET, HARD DECISIONS WILL HAVE TO BE TAKEN, SACRIFICES NEED TO BE MADE AND UNCONVENTIONAL METHODS OF REDUCING EXPENDITURE NEED TO BE PURSUED.

ADDITIONALLY, LET US GIVE CREDENCE TO THE SENTIMENTS EXPRESSED BY THE NATION AT THE SIBAYA, WHERE ALL ACTS OF CORRUPTION AND MALPRACTICE WERE STRONGLY CASTIGATED.
IF WE ARE TO MAKE A MEANINGFUL TURN AROUND TO OUR ECONOMY, WE NEED TO FIGHT, CONTROL AND ELIMINATE ALL FORMS OF CORRUPTION WITH PUNITIVE MEASURE TO PROTECT OUR RESOURCES AND RESTORE FINANCIAL STABILITY.

DOMESTIC RESOURCE MOBILIZATION
IT IS CRITICALLY IMPORTANT THAT WE DIVERSIFY OUR REVENUES AND IMPROVE OUR DOMESTIC ECONOMIC ACTIVITY BY CREATING AN ENABLING ENVIRONMENT FOR THE BUSINESS SECTOR TO FLOURISH.

IT IS IMPORTANT THAT SMALL AND MEDIUM ENTERPRIZES ARE SUPPORTED BECAUSE THEY HAVE A HUGE POTENTIAL TO CONTRIBUTE TO OUR REVENUE COLLECTION.

WE NEED TO ENCOURAGE BUSINESS DEVELOPMENT AT THE GRASSROOT LEVEL. SUCH PROGRAMMES CULTIVATE THE SPIRIT OF ENTREPRENEURSHIP AND WOULD SIGNIFICANTLY CONTRIBUTE TO OUR DOMESTIC RESOURCE MOBILIZATION.

INTERNATIONAL CAPITAL MARKETS
THE NATION IS PLEASED THAT THE COUNTRY HAS MADE A BREAKTHROUGH TOWARDS EXTENDING ITS VISIBILITY IN THE INTERNATIONAL FINANCIAL MARKETS THROUGH ISSUING ITS VERY FIRST SOVEREIGN CREDIT RATING WITH MOODY’S INVESTOR SERVICES.
THIS GIVES THE COUNTRY A WIDER SCOPE FOR ACCESSING FUNDING FROM THE INTERNATIONAL FINANCIAL MARKETS TO SUPPORT THE DEVELOPMENT OF ESWATINI. WE ENCOURAGE THE NATION TO LOOK INTO THE VARIOUS WAYS AND MEANS OF ACCESSING FUNDS THAT WILL BE AVAILABLE THROUGH THIS PLATFORM, IN ORDER TO ADDRESS FINANCIAL CHALLENGES AND IMPROVE THE NATIONAL ECONOMY.

GOVERNMENT STRATEGIC ROAD MAP 2018 – 2023
IN AN ENDEAVOUR TO WORK TOWARDS THE ECONOMIC DEVELOPMENT OF OUR KINGDOM, THE NATION WILL BE PLEASED TO KNOW THAT GOVERNMENT HAS DEVELOPED A STRATEGIC ROAD MAP WHICH HIGHLIGHTS THE KEY SECTORS THAT ARE CRUCIAL FOR THE REVIVAL OF OUR ECONOMY.

THE KEY SECTORS INCLUDE, BUT ARE NOT LIMITED TO; ENERGY AND MINING, INFORMATION COMMUNICATION TECHNOLOGY & EDUCATION, TOURISM, MANUFACTURING AND AGRO-PROCESSING.

THE KEY PRIORITY THEMES WILL FOCUS ON IMPROVING THE EASE OF DOING BUSINESS, ENFORCING FISCAL PRUDENCE, BUILDING INFRASTRUCTURE CAPACITY, DELIVERING SOCIAL IMPACT, AND BUILDING A CULTURE OF SERVICE EXCELLENCE.

 

FOR THIS TO BE SUCCESSFUL, WE ENCOURAGE THE SPIRIT OF TOGETHERNESS AS A NATION, AS THIS WILL NO DOUBT CONTRIBUTE IMMENSELY TO FINDING CREATIVE AND INNOVATIVE WAYS OF TURNING OUR ECONOMY AROUND.

GOVERNMENT WILL UNVEIL THE ENTIRE STRATEGIC ROAD MAP IN DUE COURSE, FOR THE NATION TO BE WELL VERSED AND BE ABLE TO MONITOR ITS PROGRESS CONTINUOUSLY.

INFRASTRUCTURE DEVELOPMENT
IN OUR QUEST TO ATTAIN DEVELOPED STATUS, PROVIDING QUALITY INFRASTRUCTURE HAS BECOME ESSENTIAL. GOVERNMENT, TOGETHER WITH THE OTHER SECTOR STAKEHOLDERS, WILL CONTINUE TO PURSUE THE IMPROVEMENTS OF OUR ROADS, PARTICULARLY IN OUR RURAL AREAS WHERE THE MAJORITY OF OUR PEOPLE LIVE.

THE INVESTMENT THAT HAS BEEN MADE IN ROAD, RAIL AND AIR TRANSPORT INFRASTRUCTURE, FOR THE MOVEMENT OF PEOPLE, GOODS AND SERVICES, HAS TRANSFORMED THE COUNTRY SIGNIFICANTLY. IT IS CRUCIAL THAT SUCH INFRASTRUCTURE IS WELL MAINTAINED IN ORDER TO REALISE A GOOD RETURN ON INVESTMENT.

 

DERIVING VALUE FOR MONEY FROM BOTH DOMESTIC AND EXTERNAL SOURCES IS ESSENTIAL, AND WE HAVE CONTINUED TO SEE SIGNIFICANT CONTRIBUTIONS FROM THE COUNTRY’S DEVELOPMENT PARTNERS AND INTERNATIONAL AGENCIES TOWARDS THIS END.

THE GROWTH IN THE VOLUME OF VEHICLES ON THE COUNTRY’S ROADS HAS INCREASED SIGNIFICANTLY AND THIS WILL REQUIRE A CONCERTED AND SUSTAINABLE PLAN FOR REGULAR MAINTENANCE OF OUR ROADS.

MINING SECTOR
THE MINERALS SECTOR HOLDS THE POTENTIAL TO CONTRIBUTE TO THE ECONOMY AND THE COUNTRY’S GROSS DOMESTIC PRODUCT (GDP). WE ENCOURAGE EMASWATI TO INVEST IN THE MINING PROJECTS AS IT REMAINS A CRITICAL SECTOR THAT CAN SIGNIFICANTLY CONTRIBUTE TOWARDS OUR SUSTAINABLE DEVELOPMENT INITIATIVES.

THE CRUSHED STONE SUB SECTOR (TINKWALI) PERFORMED WELL IN THE PAST YEARS WHILE SUPPORTING THE BUILDING AND CONSTRUCTION INDUSTRY AND IT IS ENCOURAGING TO SEE THAT ALL THESE PROJECTS ARE RUN BY EMASWATI.

GOING FORWARD, GOVERNMENT IS DETERMINED TO MAKE SURE THAT BENEFICIATION AND VALUE ADDITION INITIATIVES FORM PART OF ALL NEW MINING PROJECTS.
IMPORTANTLY, MORE RETURNS AND EMPLOYMENT MUST BE CREATED WITHIN ESWATINI AND AVOID EXPORTING RAW MINERALS. LET US WORK IN PARTNERSHIP WITH ALL INVESTORS FROM EXPLORATION, MINING, UP TO THE MARKETING OF OUR PRODUCTS.

ENERGY SECTOR
WE COMMEND THE PROGRESS ACCOMPLISHED TOWARDS PUTTING IN PLACE THE GENERATION EXPANSION AND MASTER PLANS THAT WILL STRENGTHEN AND GUIDE DEVELOPMENTS IN THE ENERGY SECTOR.

LOCAL FINANCIERS ARE ENCOURAGED TO ACTIVELY PARTICIPATE IN THE IMPLEMENTATION OF THESE PLANS TO SECURE ESWATINI’S ENERGY SUPPLY. THIS YEAR, THE NATION IS WAITING WITH KEEN INTEREST IN THE COMPLETION OF NEW POWER PROJECTS.

IT IS HIGH TIME THAT THE NATION LOOKS INTO STRATEGIES TO CREATE ENOUGH ENERGY FOR THE ENTIRE COUNTRY AND SELL ANY SURPLUS PRODUCED OUTSIDE THE KINGDOM.

 

 

 

TRADE, INVESTMENT AND JOB CREATION
GOVERNMENT REMAINS COMMITTED TO JOB CREATION WITH A MAJOR FOCUS ON IMPROVING THE BUSINESS ENVIRONMENT; EXPANSION OF TRADE, INDUSTRY AND INVESTMENT; AND INCLUSIVE ENTREPRENEURSHIP DEVELOPMENT OF SMME’S AND THE INFORMAL SECTOR.

ESWATINI RANKS NUMBER 117 OUT OF 190 COUNTRIES IN THE EASE OF DOING BUSINESS AND GOVERNMENT HAS SET ITSELF A TARGET OF IMPROVING THESE RANKINGS BY BRINGING THE TIME TO OPEN A BUSINESS IN ESWATINI DOWN TO ONE DAY.

THIS CALLS FOR IMPROVING EFFICIENCIES IN DELIVERING ON THE FUNDAMENTAL NEEDS OF STARTING A BUSINESS THAT IS NORMALLY FACILITATED IN A ONE-STOP SHOP FACILITY. ON THE POSITIVE SIDE, THE COUNTRY IS RANKED AMONG THE BEST IN THE WORLD IN TRADING ACROSS BORDERS, RANKING NUMBER 32 OUT OF 190 COUNTRIES, AND NUMBER 1 IN AFRICA.

WE NEED TO MAXIMIZE ON THIS EFFICIENCY IN ORDER TO CAPITALISE ON THE TRADE AND INVESTMENT OPPORTUNITIES IN SADC, WHICH SEEKS TO LIBERALIZE TRADE IN SERVICES TOWARDS THE FOUR AGREED PRIORITY AREAS OF COMMUNICATION, TOURISM, TRANSPORT AND FINANCE.

THE SUCCESS OF THIS LIES IN THE SUCCESSFUL IMPLEMENTATION OF THE NATIONAL TRADE IN SERVICES STRATEGY, AND THE PROMPT SETTLING OF COMMERCIAL DISPUTES TO PROTECT ALL BUSINESS INTERESTS.

I.C.T CAN BE A VEHICLE FOR ECONOMIC DEVELOPMENT
AS WE POSITION OURSELVES TOWARDS VISION 2022, TECHNOLOGY REMAINS A KEY FACTOR TOWARDS ECONOMIC GROWTH AS IT PROVIDES WORLD-CLASS ACCESS TO INFORMATION FOR ALL. GOVERNMENT SHOULD ENSURE THAT THE ENTIRE NATION ENJOYS PROPER CONNECTION IN ALL URBAN AND RURAL AREAS THROUGH THE TECHNOLOGIES MADE AVAILABLE.

THE NATION SHOULD BE ABLE TO GET SERVICES THROUGH THE DIFFERENT PLATFORMS THAT WE HAVE IN I.C.T. THIS PARADIGM CAN ALSO PLAY A CRITICAL ROLE IN TELEMEDICINE, EDUCATION AND SOCIO-ECONOMIC DEVELOPMENT OF OUR NATION, TO MENTION BUT A FEW.

THE EFFORTS MADE BY GOVERNMENT TO ATTRACT FOREIGN INVESTMENT TO THE KINGDOM HAVE BEEN ENHANCED BY THE ENACTMENT OF THE SPECIAL ECONOMIC ZONE. THEREFORE, IT IS PRUDENT THAT WE MONITOR AND DETERMINE IF IT IS ACHIEVING THE DESIRED RESULTS.

IF NOT, WE SHOULD GO BACK TO THE DRAWING BOARD TO IMPROVE AND REDESIGN IT TO EMULATE OTHER DEVELOPED COUNTRIES THAT HAVE USED THIS INITIATIVE TO EFFECTIVELY CONTRIBUTE TO THEIR ECONOMIC GROWTH.

AS WE AUGMENT THE I.C.T LANDSCAPE, GOVERNMENT SHOULD ENSURE THAT THE APPROPRIATE CYBER SECURITY LAWS ARE PUT IN PLACE TO MONITOR THE ENVIRONMENT, COMBAT CRIME AND INSTIL CONSUMER CONFIDENCE IN ONLINE PRODUCTS.

TOURISM AS A CATALYST FOR GROWTH
TOURISM HAS A GREAT POTENTIAL TO REINFORCE ECONOMIC AND SUSTAINABLE GROWTH ACROSS ALL SECTORS, DESPITE THE ECONOMIC UNCERTAINTY FACED BY MOST ECONOMIES OF THE WORLD, OF WHICH THE KINGDOM OF ESWATINI IS NO EXCEPTION. THIS SECTOR HAS THE POTENTIAL TO GENERATE FOREIGN CURRENCY THROUGH TRADE, EXPORTS AND JOB CREATION.

THEREFORE, WE NEED TO ADOPT A ROBUST INVESTMENT STRATEGY IN OUR TOURISM MARKETING CAMPAIGNS REGIONALLY AND BEYOND, TO ATTRACT MORE TOURISTS.

 

WE NEED TO MAXIMISE ON THE HISTORICAL SITES, CULTURAL EVENTS AND UTILISE THE INCREASED HOSPITALITY FACILITIES THROUGHOUT THE KINGDOM, GROUNDED ON OUR PEACE AND STABILITY.

OUR TOURISM VIBRANCY SHOULD APPEAL TO A WIDE AUDIENCE, INCLUDING THE YOUNG AND OLD, SO AS TO MOTIVATE TOURISTS FROM ALL CORNERS OF THE GLOBE TO STAY FOR LONGER PERIODS IN THE KINGDOM, THUS SPENDING MORE AND CONTRIBUTING TO OUR REVENUES.

CLIMATE CHANGE ON SUSTAINABLE DEVELOPMENT
ENVIRONMENTAL ISSUES ARE TAKING A LEAD IN THE GLOBAL ARENA. THE EFFECTS OF CLIMATE CHANGE HAVE CALLED FOR COUNTRIES TO STRENGTHEN THEIR EARLY WARNING SYSTEMS AND REDUCE EMISSIONS.

THIS IS NOW A GLOBAL AGENDA BECAUSE OF ITS DEVASTATING EFFECTS. IT REQUIRES INTENSIVE INVESTMENT IN EARLY WARNING SYSTEMS THAT LINK UP WITH THOSE OF OTHERS IN THE REGION. COUPLED WITH THIS SHOULD BE A COORDINATED REGIONAL APPROACH TO MITIGATING THE EFFECTS OF CLIMATE CHANGE.

 

THE PROVISION OF METEOROLOGICAL SERVICES WILL BE ENHANCED FOR THE FLOURISHING OF THE AGRICULTURE SECTOR, AS WELL AS OTHER SECTORS CRITICAL FOR SUSTAINABLE ECONOMIC DEVELOPMENT OF THE KINGDOM OF ESWATINI.

WE WILL CONTINUE TO COOPERATE WITH PARTNERS TO SOURCE FUNDS AND STRENGTHEN OUR CAPACITY TO PROTECT LIVES, REDUCE LOSS AND BE MORE RESILIENT AGAINST THE ADVERSE EFFECTS OF CLIMATE CHANGE.

VALUE ADDITION & AGRO-PROCESSING
THE AGRICULTURE SECTOR REMAINS A MAJOR CONTRIBUTOR TO THE COUNTRY’S GDP, HENCE, IT IS IMPORTANT FOR ECONOMIC GROWTH.

INVESTING IN THIS SECTOR IS SYNONYMOUS TO EMPOWERING THE PEOPLE. THEREFORE, GOVERNMENT SHOULD PROMOTE AND IMPLEMENT VARIOUS PROJECTS AND PROGRAMMES FOR VALUE ADDITION THAT ARE EXPECTED TO SIGNIFICANTLY PENETRATE AND CONTRIBUTE TO THE ATTAINMENT OF BOTH NATIONAL AND GLOBAL ASPIRATIONS.

OPPORTUNITIES FOR THE EXPANSION OF MARKETS WILL BE DERIVED FROM INCREASED LOCAL PRODUCTION OF TARGETED PRODUCTS SUCH AS DAIRY, FRUITS, VEGETABLES, MEAT AND OTHER AGRICULTURAL PRODUCE.
WE NEED TO ENGAGE IN GREATER RESEARCH OF NEW PRODUCTS THAT WE CAN EXPORT TO THE VARIOUS GLOBAL MARKETS TO GENERATE REVENUE FOR THE COUNTRY. TIME HAS COME FOR US TO EXPLORE THE DIFFERENT MARKETS THAT ARE AT OUR DISPOSAL TO SELL PRODUCE FROM THE KINGDOM OF ESWATINI.

AS WE EXPLORE THESE OPPORTUNITIES, WE NEED TO BE COMPETITIVE WITH QUALITY PRODUCTS THAT WILL FIND A NICHE WITH THE CONSUMERS.

WE ARE VERY GRATEFUL TO THE FRIENDS OF THE KINGDOM FOR PROVIDING FUNDS TO CONSTRUCT COLD STORAGE FACILITIES AND PACK-HOUSES IN VARIOUS AREAS IN THE COUNTRY TO PROLONG THE SHELF LIFE OF OUR PRODUCTS.

NATIONAL HUMAN RESOURCE DEVELOPMENT
HUMAN RESOURCE IS, UNDOUBTEDLY, A KEY ASSET TO DRIVE THE KINGDOM OF ESWATINI TOWARDS ATTAINING VISION 2022. IT IS FOR THIS REASON THAT GOVERNMENT, SINCE INDEPENDENCE, HAS PUT EDUCATION AT THE TOP OF ITS DEVELOPMENT AGENDA.

GOVERNMENT WILL CONTINUE TO SUPPORT OUR CHILDREN FROM PRIMARY EDUCATION TO TERTIARY LEVEL.
THIS DEVELOPMENT HAS, NO DOUBT, PAID HANDSOME DIVIDENDS IN THE DEVELOPMENT OF APPROPRIATE SKILLS THAT ARE REQUIRED FOR THE GROWTH OF OUR KINGDOM.

THE NUMBER OF CHILDREN WHO APPLY FOR SCHOLARSHIPS CONTINUES TO GROW EACH AND EVERY YEAR, THUS COMPETING FOR THE VERY LIMITED RESOURCES WITH OTHER DEVELOPMENT NEEDS OF THE COUNTRY. WE ENCOURAGE THE NATION TO THINK OUTSIDE THE BOX AND LOOK FOR OPPORTUNITIES IN STARTING THEIR OWN BUSINESSES.

THE COUNTRY HAS SIGNED SEVERAL TRADE AGREEMENTS WITH DIFFERENT COUNTRIES AND ECONOMIC BLOCS WHERE YOU CAN MARKET YOUR PRODUCTS. UNIVERSITIES AND COLLEGES ARE ALSO ENCOURAGED TO PREPARE GRADUATES TO BE ENTREPRENEURS AND BE SELF-SUFFICIENT UPON COMPLETION OF THEIR STUDIES. GOVERNMENT REMAINS THE LARGEST EMPLOYER AND RELIES ON PUBLIC SERVANTS AS ITS HUMAN RESOURCE TO DELIVER QUALITY SERVICES.

REGARDLESS OF THE ECONOMIC CHALLENGES, GOVERNMENT WILL ENSURE THAT IT PROPERLY CAPACITATES AND TRANSFORMS THE PUBLIC SERVICE FOR QUALITY SERVICE DELIVERY TO THE NATION.

 

OUR YOUTH AGENDA
THE YOUTH REMAIN THE CORNERSTONE OF ESWATINI’S DEVELOPMENT AND ECONOMIC GROWTH, AS THEY CONTINUE TO REPRESENT THE HIGHEST PERCENTAGE OF OUR NATIONAL POPULATION STATISTICS.

AS THEY FACE MORE CHALLENGES, WE WILL REQUIRE A COMPREHENSIVE, COORDINATED AND MULTI-SECTORAL RESPONSE IN CREATING AN ENABLING ENVIRONMENT FOR YOUTH DEVELOPMENT.

WE ENCOURAGE THE YOUTH TO TAKE ADVANTAGE OF THE YOUTH ENTERPRISE FUND, WHICH IS AIMED AT EMPOWERING THEM AND GUARANTEEING FINANCIAL INCLUSION. THIS WILL ENSURE OUR YOUTH ARE ENGAGED IN MEANINGFUL ACTIVITIES THAT KEEP THEM AWAY FROM DESTROYING THEIR LIVES AT AN EARLY STAGE.

WE DO ENCOURAGE THE BUSINESS COMMUNITY, OUR DEVELOPMENT PARTNERS AND FRIENDS OF THE KINGDOM TO AVAIL MORE OPPORTUNITIES THAT WOULD HELP THE NATION REALIZE THE FULL POTENTIAL OF OUR YOUTH IN ALL SPHERES.

 

 

NO LISWATI SHOULD DIE OF HIV/AIDS
THE HEALTH SECTOR REMAINS AT THE TOP OF OUR NATIONAL AGENDA. GOVERNMENT IS COMMITTED TO PROVIDING RESOURCES TO ENSURE THAT OUR POPULACE REMAINS HEALTHY, HAPPY AND PRODUCTIVE. WE ARE GRATEFUL TO OUR DEVELOPMENT PARTNERS AND THE FRIENDS OF THE KINGDOM FOR PARTNERING WITH US IN ADDRESSING THE MANY CHALLENGES THAT WE ARE FACED WITH.

ISSUES OF TB, MALARIA AND HIV/AIDS, CONTINUE TO STRAIN OUR BUDGET. THIS YEAR, THE COUNTRY WILL START THE CONSTRUCTION OF A REFERRAL HOSPITAL WHICH HAS A POTENTIAL TO CONTRIBUTE IMMENSELY TO ENSURING QUALITY HEALTH FOR OUR PEOPLE AND EASE OUT-OF-COUNTRY COSTS.

THE KINGDOM’S DRIVE TO END AIDS BY 2022 REMAINS IN MOTION. WE ALL NEED TO TAKE FULL RESPONSIBILITY IN CREATING FAVOURABLE CONDITIONS FOR THE NATION TO ACHIEVE ITS TARGET IN THE LAST MILE LEADING TO 2022; WHERE NO LISWATI SHOULD GET HIV, DIE FROM AIDS RELATED ILLNESSES AND NO HIV STIGMA OR DISCRIMINATION SHOULD EXIST WITHIN OUR COMMUNITIES.

OUR PAST SUCCESS IN THE FIGHT AGAINST HIV MUST NOT RESULT IN COMPLACENCY; LET US CREATE A RENEWED SENSE OF URGENCY TO AIM FOR THE REAL TARGET.
WE ENCOURAGE GOVERNMENT, OUR INTERNATIONAL PARTNERS AND LOCAL INSTITUTIONS, INCLUDING COMMUNITIES, TO REMAIN VIGILANT TO THE VISION. THE MULTI-SECTOR APPROACH, LED THROUGH NERCHA, MUST CONTINUE TO BE INCLUSIVE OF ALL STAKEHOLDERS.

WE EXTEND OUR APPRECIATION TO GLOBAL FUND, DOCTORS WITHOUT BORDERS, DIFFERENT STAKEHOLDERS AND OTHER INSTITUTIONS THAT SUPPORT THE FIGHT AGAINST HIV/AIDS.

MALARIA FUND
THE KINGDOM OF ESWATINI HAS MADE GREAT STRIDES IN THE FIGHT AGAINST MALARIA. WE ARE ONE OF THE COUNTRIES THAT HAVE THE POTENTIAL TO ERADICATE THIS DISEASE BY 2020.

WE WERE FURTHER HONOURED BY AFRICAN LEADERS TO CHAIR ALMA. OUR CHAIRMANSHIP IS COMING TO AN END THIS YEAR AND, AS A COUNTRY, WE HAVE COMMITTED OURSELVES TO MOBILISING ADDITIONAL RESOURCES TO CONTRIBUTE TOWARDS THE FIGHT AGAINST MALARIA.

IN A FEW MONTHS TIME, WE SHALL BE LAUNCHING THE ESWATINI MALARIA FUND THAT WILL BE SUPPORTED BY THE PRIVATE SECTOR TO CLOSE THE BUDGET GAP.

WE HOPE THIS INITIATIVE WILL LEAVE A GREAT LEGACY FOR ESWATINI THAT WILL BE EMULATED BY ALL OTHER AFRICAN STATES AS THIS REQUIRES A COORDINATED APPROACH, SINCE MALARIA KNOWS NO BOUNDARIES.

SOCIAL WELFARE
ONE OF THE MANY CHALLENGES THAT WE ARE FACED WITH AS A COUNTRY IS TO PROVIDE SUFFICIENTLY FOR THE DISADVANTAGED GROUPS, PARTICULARLY OUR ELDERLY.

LOOKING AFTER OUR SENIOR CITIZENS IS EMBEDDED IN OUR CULTURAL ETHOS. DESPITE THE MEAGRE NATIONAL RESOURCES GOVERNMENT WILL CONTINUE TO SUPPORT FREE PRIMARY EDUCATION, ORPHANS, VULNERABLE CHILDREN AND THOSE PHYSICALLY CHALLENGED, TO GUARANTEE A HEALTHY LIFE AND PROTECTION.

INTERNATIONAL RELATIONS
THROUGH OUR MISSIONS ABROAD, WE WILL UPSCALE EFFORTS TO ESTABLISH, PROMOTE AND MAINTAIN GOOD INTERNATIONAL RELATIONS WITH EXISTING AND NEW BILATERAL AND MULTILATERAL PARTNERS. OUR AIM WILL BE THAT OF FOSTERING GREATER ECONOMIC ACTIVITY AND INCLUSIVE DEVELOPMENT FOR OUR PEOPLE.

 

IN ORDER TO ATTRACT FOREIGN DIRECT INVESTMENT, OUR MISSIONS SHOULD MARKET THE KINGDOM BY TELLING THE GOOD STORY OF OUR RICH CULTURAL HERITAGE AND TRADITIONS, BOUND BY PEACE, STABILITY, RESPECT, HUMILITY AND UNITY AS A DISTINCTIVE NATION.

A KEY COMPONENT OF THE COUNTRY’S BRANDING STRATEGY WILL BE THE PACKAGING AND PROMOTION OF OUR UNIQUE POLITICAL SYSTEM AS A VIABLE MODEL OF GOOD GOVERNANCE AND A CENTRAL REASON FOR THE CONTINUED PARTNERSHIPS WITH THE KINGDOM.

AS A PEACE-LOVING NATION, WE ARE CONCERNED WITH THE CONFLICTS THAT WE CONTINUE TO WITNESS, NOT ONLY IN OUR BELOVED CONTINENT – AFRICA, BUT ALSO IN SOME OTHER PARTS OF THE WORLD.

FIGHTING HAS NO ECONOMIC VALUE AS IT BRINGS POVERTY, SUFFERING AND MISERY. WE CALL UPON THE UNITED NATIONS AND THE AFRICAN UNION TO INTERVENE IN ORDER TO STOP THE UNNECESSARY LOSS OF LIFE AND PROPERTY.

WE NEED TO DIRECT OUR RESOURCES TO THE ATTAINMENT OF THE U.N. SUSTAINABLE DEVELOPMENT GOALS, AND THE CONTINENTAL VISION 2063, WHICH SEEKS TO CREATE A BETTER ECONOMIC LANDSCAPE FOR ALL NATIONS.

ADDITIONALLY, THIS CAN BE ATTAINED THROUGH FOCUSING ON OUR TRADING PLATFORMS, THAT INCLUDE THE AFRICAN CONTINENTAL FREE TRADE AGREEMENT. IT IS EXPECTED TO BOOST INTRA-AFRICA TRADE SIGNIFICANTLY BY PROVIDING VARIOUS MARKETS.

WE WISH TO THANK ALL THE FRIENDS OF THE KINGDOM OF ESWATINI, INCLUDING OUR DEVELOPMENT PARTNERS, FOR THE MULTIPLE SUPPORT THAT THEY CONTINUE TO EXTEND IN A VARIETY OF OUR SECTORS AS WE TRY TO CREATE A SUSTAINABLE ENVIRONMENT AND QUALITY LIFE FOR OUR PEOPLE.

2019 – UNITY, PROSPERITY AND GROWTH
TIME HAS COME FOR EMASWATI TO HOLD HANDS IN UNITY AND WALK TOGETHER ON A JOURNEY OF REHABILITATION. WE OUGHT TO BEGIN BY RE-PROGRAMMING OUR MINDS TO FULLY APPRECIATE THE CURRENT REALITY AND TAP INTO OUR RESILIENCE. THIS CALLS FOR A RENEWAL OF OUR COMMITMENT TO REJUVENATING OUR ECONOMY, REVIEWING OUR SUCCESSES AND FAILURES, REFOCUSING AND RE-PRIORITISING OUR NEEDS.

 

 

WE NEED TO RETHINK SOLUTIONS FOR A QUICK TURNAROUND, RE-STRATEGISE ON OUR IMPLEMENTATION, MONITORING AND EVALUATION OF PROGRESS WHILE REPELLING ALL NEGATIVE ELEMENTS THAT MAY ATTEMPT TO DISTRACT US FROM OUR PATH OF RENEWED GROWTH.

TO SUCCEED IN THIS TASK, WE NEED TO REIGNITE THE ESSENTIAL HUMAN VIRTUES OF COMPASSION AND HUMANITY, WHICH WE CALL, BUNTFU.

LET THIS TRAIT SERVE AS A GUIDING PRINCIPLE IN EVERYTHING WE DO IN OUR HOMES, COMMUNITIES, PUBLIC AND PRIVATE SECTORS. OUR JUDICIARY, EXECUTIVE AND LEGISLATURE SHOULD WORK TOWARDS CREATING A CONDUCIVE ENVIRONMENT TO PROMOTE NATIONAL UNITY, PEACE AND JUSTICE FOR ALL.

CONCLUSION
AS I CONCLUDE, WE TAKE THIS OPPORTUNITY TO THANK THE ENTIRE NATION FOR A RENEWED PERSPECTIVE AS WE ENTER THE NEW YEAR WITH A NEW GOVERNMENT, MARKING THE START OF A SMOOTH TRANSITION WITH THIS PARLIAMENT.

WE HAVE AN ENORMOUS TASK AHEAD OF US TO REBUILD THE ECONOMY OF THIS BEAUTIFUL COUNTRY, AND A COLLECTIVE EFFORT TOWARDS THIS GOAL CAN SEE US ACHIEVE GREAT PROSPERITY.
I HAVE NO DOUBT THAT WE WILL SUCCEED, FOR NO CHALLENGE CAN EVER BE GREATER THAN A NATION UNITED!

DECLARATION
IT IS NOW MY SINGULAR HONOUR TO DECLARE THE FIRST SESSION OF THE ELEVENTH PARLIAMENT OF THE KINGDOM OF ESWATINI OFFICIALLY OPEN.

I THANK YOU. MAY THE ALMIGHTY GOD BLESS US ALL.

YOUR MAJESTY THE INDLOVUKAZI

EMAKHOSIKATI,

YOUR ROYAL HIGHNESSES,

PRIME MINISTER,

COUNCILLORS,

CHIEFS,

CHIEF JUSTICE,

DEPUTY PRIME MINISTER,

CABINET MINISTERS,

MEMBERS OF THE DIPLOMATIC CORPS,

REGIONAL ADMINISTRATOR FOR THE HHOHHO REGION,

MEMBERS OF THE MVA BOARD,

CHIEF EXECUTIVE OFFICER OF MVA AND STAFF,

FUNDS CHIEF EXECUTIVE OFFICERS FROM THE REGION,

DISTINGUISHED GUESTS,

LADIES & GENTLEMEN.

SIYANIVUSELA NONKHE BEKUNENE LAPHA ECONVENTION CENTRE EZULWINI.

INTRODUCTION

IT GIVES ME GREAT PLEASURE TO JOIN THE MVA FAMILY TODAY TO BLESS THE NEW SINCEPHETELO MOTOR VEHICLE ACCIDENT FUND BUILDING AND THE CLINIC HERE IN MBABANE.

THIS OCCASION MARKS A SIGNIFICANT MILESTONE IN THE HISTORY OF THE MVA FUND WHICH PLAYSAN IMPORTANT ROLE IN CATERING FOR ROAD ACCIDENT SURVIVORS.

WE WELCOME ALLTHOSE PRESENT HERE TO WITNESS THIS OCCASION AND WE EXTEND A WARM WELCOME TO OUR VISITORS WHO HAVE TRAVELLED FROM THE DIFFERENT PARTS OF THE REGION TO BE WITH US TODAY.

SIGNIFICANCE OF SINCEPHETELO MVA

IT IS ON SUCH OCCASIONS THAT WE GET TO APPRECIATE THE IMPORTANT ROLE IN DEVELOPMENT THAT IS PLAYED BY SOME OF THE INSTITUTIONS IN THIS COUNTRY. PROGRESS IS GOOD AND DESIRED BY ALL AND OUR GROWTH AS A NATION OVER THE PAST 50 YEARS HAS COME WITH MASSIVE INFRASTRUCTURE DEVELOPMENT, PARTICULARLY OUR ROAD NETWORK.

WHILE THIS IMPROVEMENT HAS BEEN WELCOMED BY ALL, WE HAVE WITNESSED NUMEROUS UNFORTUNATE INCIDENTS ON OUR ROADS WHICH HAVE CLAIMED MANY LIVES, LEAVING OTHERS INJURED ORPARALYSED. NONE OF THE VICTIMS OR SURVIVORS OF ROAD ACCIDENTS ARE EVER PREPARED FOR THEM YET WHEN THEY DO OCCUR, THEY REQUIRE SUBSTANTIAL RESOURCES TO PROVIDE MEDICAL CARE AND SUPPORT.

THIS IS WHAT LED TO THE INTRODUCTION OF THE THIRD PARTY INSURANCE BACK IN 1973. IT OFFERED COMPENSATION TO THE VICTIMS, PROVIDED THE OWNER OF THE VEHICLE HAD PURCHASED INSURANCE COVER. HOWEVER, AS WE MAY RECALL, THIS WAS NOT ENOUGH TO CATER FOR THE INCREASE IN TRAFFIC ACCIDENTS AS MOTORISTS COULD NOT AFFORD TO KEEP UP WITH THEIR PAYMENTS DUE TO A HIKE IN PREMIUMS - LEAVING MANY ACCIDENT VICTIMS WITHOUT COMPENSATION.

GOVERNMENT TOOK THE CONCERNS OF THE PEOPLE INTO CONSIDERATION AND ESTABLISHED A UNIVERSAL COVER FOR VICTIMS OF TRAFFIC ACCIDENTS THAT IS FUNDED BY A FUEL LEVY. WE CAN ALL ATTEST TO THE FACT THAT ROAD ACCIDENTS CAN CAUSE ONE TO LOSE THEIR ABILITY

TO WORK, RESULTING IN THE LOSS OF SUPPORT TO THE VICTIMS AND THEIR FAMILIES.SINCE ITS ESTABLISHMENT IN 1991, THE FUND HAS SETTLED CLAIMS TO THE TUNE OF E1.4 BILLION WHICH WE HOPE HAS GONE A LONG WAY IN MITIGATING THE DETRIMENTAL EFFECTS OF ROAD ACCIDENTS.

GROWTH AND TURNAROUND OF MVA

WE ARE PLEASED TO NOTE HOW THE FUND HAS MANAGED TO OVERCOME A HUGE DEFICIT OF E71 MILLION IN 2006 TO BECOMING AN INSTITUTION THAT BOASTS OF CURRENT ASSETS VALUED AT E578,463,173 AS AT MARCH 31, 2017; AGAINST LIABILITIES WHICH ARE VALUED AT E227,215,004. THESE ARE CLAIMS THAT ARE BEING PROCESSED YET TO BE PAID OUT.

WE CONGRATULATE MANAGEMENT FOR DEVISING A TURNAROUND STRATEGY THAT HAS YIELDED THESE POSITIVE RESULTS THAT SHOULD SUSTAIN THE ORGANISATION WELL INTO THE FUTURE. WE ARE HAPPY TO LEARN THAT A GREATER PART OF THE FUND’S TURNAROUND, IS A PRODUCT OF LONG HOURS OF INFORMATION AND EXPERIENCE SHARING AMONG COUNTRIES OF THE REGION OVER THE PAST DECADE.

WE HAVE ALSO LEARNT THAT THE FINANCIAL TURNAROUND IS ATTRIBUTED TO SOUND FINANCIAL MANAGEMENT AND STRICT CONTROLS IN TERMS OF CLAIMS PAYMENT AND RETURNS ON INVESTMENTS. WE URGE YOU TO MAINTAIN THESE STANDARDS.

LAUNCH OF THE NEW BUILDING AND HEALTH CENTRE TOTAL COST E200 MILLION.

THE FIVE STOREY BUILDING WE ARE HERE TO BLESS TODAY IS A PRODUCT OF THE SUCCESSFUL TURNAROUND STRATEGY OF THE FUND, WHICH IS LAUDABLE. DURING A TOUR OF THE BUILDING I WAS HIGHLY IMPRESSED BY THE WORLD CLASS CLINIC FACILITY WHICH HOUSES ONE OF THE BEST RADIOLOGY CENTRES ACROSS THE SADC REGION.

HAVING SUCH A FACILITY IN THE KINGDOM WILL, NO DOUBT, ELIMINATE THE NEED TO TRANSFER PATIENTS ACROSS THE BORDER WHERE WE FACE HIGH MEDICAL COSTS. WE COMMEND MVA FOR OPENING THIS FACILITY TO THE PUBLIC FOR CONSULTATIONS WHICH WILL COMPLEMENT FACILITIES CURRENTLY AVAILABLE IN THE PUBLIC AND PRIVATE SECTOR.

IT IS ASSURING TO LEARN THAT MVA NOW HAS AN INVESTMENT MANAGER’S OFFICE, WHOSE MANDATE IS TO TAKE ADVANTAGE OF INVESTMENT OPPORTUNITIES AND EFFECTIVELY MAKE THE FUND A SUSTAINABLE INSTITUTION.

DECENTRALISATION AND CALL CENTRE

ALSO PLEASING TO NOTE IS THAT AS THE ROAD NETWORK EXPANDS TO ALL FOUR CORNERS OF THE KINGDOM, THE SINCEPHETELO MVA FUND HAS GROWN TO DECENTRALISE ITS SERVCES COUNTRYWIDE.

WE ENCOURAGE THE NATION TO TAKE ADVANTAGE OF THE SATELLITE OFFICES WHICH ARE SPREAD ACROSS THE COUNTRY AND SERVE TO COMPLEMENT GOVERNMENT’S EFFORTS TOWARDS DECENTRALISATION OF SERVICES.

WE HAVE ALSO BEEN MADE AWARE THAT YOU HAVE RECENTLY ESTABLISHED A CALL CENTRE AS PART OF YOUR PUBLIC AWARENESS AND INFORMATION EFFORTS. MAY WE ENCOURAGE THE PUBLIC TO MAKE FULL USE OF THESE SERVICES TO EDUCATE OURSELVES ON THE SERVICES PROVIDED BY THE FUND. WE WOULD ALSO LIKE TO URGE THE RECIPIENTS OF MVA PAYOUTS TO USE THE PAYOUTS RESPONSIBLY TO AVOID FUTURE HARDSHIPS.

REGIONAL INTEGRATION

AS WE LOOK TO THE FUTURE WITH MAJOR DEVELOPMENTS TAKING PLACE IN THE REGION, WE ARE ENCOURAGED BY THE ON-GOING CONSULTATIONS BETWEEN MVA AND SIMILAR INSTITUTIONS IN THE REGION. THIS SHOULD ENABLE CROSS BORDER ASSISTANCE IN CLAIMING FOR COMPENSATION FOR ACCIDENTS EXPERIENCED OUTSIDE THE COUNTRY.

INGWENYAMA CUP CONTRIBUTION

IN REACHING OUT TO THE PUBLIC, WE HAVE ALSO NOTED THAT THE MVA HAS DEVISED CREATIVE WAYS TO ENHANCE ROAD SAFETY AWARENESS THROUGH INITIATIVES SUCH AS THE INGWENYAMA CUP.USING SPORTS AND CULTURE TO ACHIEVE YOUR OBECTIVES HAS HELPED CHANGED THE LIVES OF MANY EMASWATI WHO HAVE PARTICIPATED IN THE TOURNAMENT AND WE LOOK FORWARD TO YOUR CONTINUED SUPPORT IN THIS REGARD WELL INTO THE FUTURE.

CONCLUSION

WHILE IT IS IMPORTANT THAT THE COUNTRY HAS A FUND TO COMPENSATE ROAD ACCIDENT VICTIMS, IT IS EQUALLY IMPORTANT TO ENSURE THAT ROAD ACCIDENTS ARE REDUCED SIGNIFICANTLY. IN THIS REGARD, WE URGE YOU TO INTENSIFY YOUR ROAD SAFETY AWARENESS DRIVES. WE ALSO CALL UPON THE VARIOUS STAKEHOLDERS TO STRENGTHEN THEIR PARTNERSHIP WITH MVA IN THE PREVENTION OF ROAD ACCIDENTS.

WE APPEAL TO MOTORISTS NOT TO DRINK AND DRIVE AND TO ENSURE THEIR VEHICLES ARE ROADWORTHY. LIVESTOCK OWNERS ARE ALSO URGED TO KEEP THEIR ANIMALS AWAY FROM THE ROADS, AS THIS WOULD CONTRIBUTE IMMENSELY TO THE REDUCTION OF ACCIDENTS AND THE LOSS OF LIVES.

FINALLY, MAY WE THANK ALL THOSE WHO CONTRIBUTED TO THE SUCCESS OF THIS EVENT. WE APPRECIATE THE WONDERFUL ENTERTAINMENT AND THE GIFTS PRESENTED TO US.

DECLARATION

I NOW HAVE THE HONOUR TO DECLARE THE NEW SINCEPHETELO MVA BUILDING AND THE CLINIC OFFICIALLY OPEN UNDER MY HAND TODAY.

I THANK YOU. MAY THE ALMIGHTY GOD BLESS US ALL.

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