Investment sentiment in Eswatini remains strong. The assertion was made by Finance Minister Neal Rijkenberg, who said in his 2022/23 Budget Speech that government was pleased to note significant reinvestment initiatives by a number of large private companies. Of these positive indicators he highlighted the construction in Manzini of a new mall worth over E2-billion which is expected to commence during the financial year just begun, and similarly a commercial development near the new interchange, this with an estimated price-tag exceeding E3-billion.
Moving on to State-funded initiatives, the Minister began by pointing out that government is constructing factory shells across the country, and that during 2022/23 the initiative will entail the completion of the Gamula factory shell, Mantambe factory shell, Hlathikhulu factory shell and the Johnson Workwear site in the Jabulani area near Nhlangano. He said that the last-mentioned, huge factory will be finished at the same time as the Sicunusa road along which it is located. Altogether, Rijkenberg said, these factory shells are expected to employ over 6 000 people. The Minister then spoke of the recently completed Manzini Trade Hub: he said that government had observed its full utilisation, for which all informal traders should be thanked.
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