Investors complain of foreign affairs ministry
Investors are said to be opting to invest in other countries because the ministry of foreign affairs and international cooperation does not take care of them.
This concern was raised by Sandleni MP James Simelane, who was chairing the debate of the foreign affairs ministry’s portfolio committee. Simelane said he once met a certain investor, who was running one of the businesses in Matsapha.
The businessman complained about the manner in which the foreign affairs ministry was doing things.
“The ministry is said to be good in enticing foreign investors to start businesses in this country. The problem, according to the investors, is that once they are in the country, they are not being taken care of by the ministry.
We need to know why this is happening,” Simelane said.
The Sandleni MP said this was negatively affecting the country because some of these investors were moving to other countries such as Botswana, South Africa, and Lesotho.
Those countries are said to be taking care of investors because they understand their role in improving their economies.
In response, Gamedze said it was true that the ministry of foreign affairs and international cooperation contributed in bringing foreign investors into the country. “Foreign direct investors are brought by His Majesty King Mswati III. It happens that in most cases, we are present when he does that. There are many ministries involved when investors are in the country,” Gamedze said.
Gamedze also mentioned that there were business people who were interested in investing in the country.
The business people were from Washington DC in the United States of America and from the Republic of China on Taiwan. The business people were interested in investing in renewable energy and pharmaceutical products.
He said the time had come for the country to entice investors from other industries because the textile industry was becoming saturated. It had employed more than 20 000 people in the country.
If they decide to invest in the country, it would be up to other ministries to ensure that they eventually stay.
He further thanked government for pushing the special economic zones legislation because it would improve conditions that would make the investors stay longer in the country.
The minister made an example of Mauritius, saying the country was developing economically because it had made it easy for business people to do business..
WORRIED: Sandleni MP James Simelane.