URGENT NOTICE TO MEMBERS: UPDATE ON THE DELAY IN THE PUBLICATION OF WAGES GAZETTES!!!
NEWSFLASH
November 24, 2024Employment Bill 2024
January 17, 2025We acknowledge your concerns regarding the delay in the publication of the Wages Notices 2024 for the following sectors: https://business-eswatini.co.sz/draft-legal-notices/
The following are the affected sectors:
1. Manufacturing & Processing Sector
2. Motor Engineering Sector
3. Security Services Sector
4. Mining and Quarry Sector
5. Building and Construction Sector
6. Agriculture Sector
7. Retail Sector
8. Handicraft Sector
9. Funeral Undertakers Sector
We understand the inconvenience this delay has caused, and we sincerely appreciate the enquiries and feedback we have received from yourselves. Please rest assured that we have been engaging with the relevant authorities to expedite the process.
We have now received confirmation that the Gazettes will be published before the end of this week. Kindly note that the Wages Gazettes will take effect on the date of publication, meaning the changes will impact the December payroll.
To assist with your preparations, we have attached draft notices summarizing the anticipated changes. We strongly encourage members to review these documents and take the necessary steps to adjust payroll systems accordingly. The final notices will be shared with you promptly upon their release.
We appreciate your patience and understanding as we work to resolve this matter. Should you have further concerns or require additional clarification, please do not hesitate to contact us.
ESG SURVEY PARTICIPATION
We would like to extend our sincere thanks to all members who have taken the time to complete the Environmental, Social, and Governance (ESG) survey. The Secretariat is in the process of finalizing our ESG state of Play report, which will allow BE to appropriately package any services needed by members. But to get the report over the line we humbly request your input in this brief 2-minute survey that will allow us to identify areas of opportunities. The survey can be accessed here .
THE PRIVATE SECTOR’S ROLE IN EMPOWERING MSMES TO REDUCE UNEMPLOYMENT IN ESWATINI
Eswatini’s private sector is stepping up to address youth unemployment and drive economic inclusion. With economic growth projected at 3.6% in 2024, Micro, Small, and Medium Enterprises (MSMEs) remain pivotal to job creation and local economic resilience. Business Eswatini (BE) emphasizes bridging the gap between large and small businesses through partnerships that empower MSMEs to thrive and grow.
One excellent example is Coca-Cola Eswatini’s Business-in-a-Box initiative highlights this effort, equipping youth and women entrepreneurs in food markets with resources to foster self-sufficiency and expand opportunities. BE CEO E. Nathi Dlamini commends such collaborations, stating, “Empowered MSMEs mean stronger local economies and a broader tax base.”
The private sector calls for collective action to unlock the potential of MSMEs, reduce poverty, and ensure no one is left behind.
INTERNATIONAL FINANCE CORPORATION (IFC) PRIVATE SECTOR DAY IN ESWATINI
Business Eswatini, in collaboration with the World Bank Eswatini, proudly hosted the inaugural Eswatini IFC Private Sector Day—the first event of its kind in the country. This groundbreaking platform brought together key stakeholders to explore the investment and advisory services offered by the International Finance Corporation (IFC) and to highlight the pivotal role of the private sector in driving economic growth and reducing poverty in Eswatini.
The event featured an engaging panel discussion moderated by IFC Country Manager Mehita Fanny and included Hon. Minister of Finance Neal Rijkenberg and World Bank Country Representative, Ikechi Okore. The discussions focused on Eswatini’s drivers of growth and the private sector’s contribution to inclusive, sustainable, and resilient development.
Aligned with the Country Partnership Framework, the IFC and the World Bank Group reaffirmed their commitment to supporting Eswatini’s economic transformation through tailored financial resources and strategic policy guidance. We commend all our members that made it to the event and trust that they benefitted immensely from their participation.
PUBLIC HOLIDAYS ANNOUNCEMENT FOR 2025 Kindly see attached the memorandum for the public holidays for the year 2025
URGENT NOTICE TO MEMBERS: UPDATE ON THE DELAY IN THE PUBLICATION OF WAGES GAZETTES!!!
We acknowledge your concerns regarding the delay in the publication of the Wages Notices 2024 for the following sectors: https://business-eswatini.co.sz/draft-legal-notices/
The following are the affected sectors:
1. Manufacturing & Processing Sector
2. Motor Engineering Sector
3. Security Services Sector
4. Mining and Quarry Sector
5. Building and Construction Sector
6. Agriculture Sector
7. Retail Sector
8. Handicraft Sector
9. Funeral Undertakers Sector
We understand the inconvenience this delay has caused, and we sincerely appreciate the enquiries and feedback we have received from yourselves. Please rest assured that we have been engaging with the relevant authorities to expedite the process.
We have now received confirmation that the Gazettes will be published before the end of this week. Kindly note that the Wages Gazettes will take effect on the date of publication, meaning the changes will impact the December payroll.
To assist with your preparations, we have attached draft notices summarizing the anticipated changes. We strongly encourage members to review these documents and take the necessary steps to adjust payroll systems accordingly. The final notices will be shared with you promptly upon their release.
We appreciate your patience and understanding as we work to resolve this matter. Should you have further concerns or require additional clarification, please do not hesitate to contact us.
ESG SURVEY PARTICIPATION
We would like to extend our sincere thanks to all members who have taken the time to complete the Environmental, Social, and Governance (ESG) survey. The Secretariat is in the process of finalizing our ESG state of Play report, which will allow BE to appropriately package any services needed by members. But to get the report over the line we humbly request your input in this brief 2-minute survey that will allow us to identify areas of opportunities. The survey can be accessed here .
THE PRIVATE SECTOR’S ROLE IN EMPOWERING MSMES TO REDUCE UNEMPLOYMENT IN ESWATINI
Eswatini’s private sector is stepping up to address youth unemployment and drive economic inclusion. With economic growth projected at 3.6% in 2024, Micro, Small, and Medium Enterprises (MSMEs) remain pivotal to job creation and local economic resilience. Business Eswatini (BE) emphasizes bridging the gap between large and small businesses through partnerships that empower MSMEs to thrive and grow.
One excellent example is Coca-Cola Eswatini’s Business-in-a-Box initiative highlights this effort, equipping youth and women entrepreneurs in food markets with resources to foster self-sufficiency and expand opportunities. BE CEO E. Nathi Dlamini commends such collaborations, stating, “Empowered MSMEs mean stronger local economies and a broader tax base.”
The private sector calls for collective action to unlock the potential of MSMEs, reduce poverty, and ensure no one is left behind.
INTERNATIONAL FINANCE CORPORATION (IFC) PRIVATE SECTOR DAY IN ESWATINI
Business Eswatini, in collaboration with the World Bank Eswatini, proudly hosted the inaugural Eswatini IFC Private Sector Day—the first event of its kind in the country. This groundbreaking platform brought together key stakeholders to explore the investment and advisory services offered by the International Finance Corporation (IFC) and to highlight the pivotal role of the private sector in driving economic growth and reducing poverty in Eswatini.
The event featured an engaging panel discussion moderated by IFC Country Manager Mehita Fanny and included Hon. Minister of Finance Neal Rijkenberg and World Bank Country Representative, Ikechi Okore. The discussions focused on Eswatini’s drivers of growth and the private sector’s contribution to inclusive, sustainable, and resilient development.
Aligned with the Country Partnership Framework, the IFC and the World Bank Group reaffirmed their commitment to supporting Eswatini’s economic transformation through tailored financial resources and strategic policy guidance. We commend all our members that made it to the event and trust that they benefitted immensely from their participation.
PUBLIC HOLIDAYS ANNOUNCEMENT FOR 2025 Kindly see attached the memorandum for the public holidays for the year 2025
