Observer on Saturday - - News - By Man­qoba Makhubu

is Majesty King Mswati III has re­ceived and blessed over E700 000 spon­sor­ships from 11 com­pa­nies for the an­nual En­tre­pre­neur of the Year Awards (EYA) 2017 edi­tion.

The spon­sor­ships hand over was held on the eve of the an­nual awards at Lozitha Royal Res­i­dence.

The com­pa­nies who took turns to present their spon­sor­ships to His Majesty in­cluded FNB Swazi­land who are ti­tle spon­sors for the awards, Swazi­land In­dus­trial De­vel­op­ment Com­pany (SIDC), Stan­dard Bank, Swazi MTN, Macmil­lan, Swazi­land Na­tional Prov­i­dent Fund (SNPF), Swazi­land Royal In­sur­ance Cor­po­ra­tion (SRIC), Ned­bank, Indlela Yekuphila, Man­zana En­gi­neer­ing and Old Mu­tual Swazi­land.

They were in­tro­duced to the King by Min­is­ter of Com­merce, In­dus­try and Trade Jab­u­lani Mabuza.

The King thanked the spon­sors for their con­tri­bu­tion to­wards the strength­en­ing of other busi­nesses. “That should be the case, es­pe­cially as we live in a free econ­omy which en­cour­ages com­pe­ti­tion and favours sur­vival of the fittest; while healthy com­pe­ti­tion is good, we should com­ple­ment one another, be­cause if we are not care­ful, oth­ers might be left far be­hind as we fur­ther progress,” he said.

HThe King also thanked the min­istry of com­merce, in­dus­try and trade and the Small En­ter­prise De­vel­op­ment Com­pany (SEDCO) for their re­lent­less ef­forts to en­sure sus­tain­able busi­ness growth and for se­cur­ing fund­ing for the an­nual awards.


“All your con­tri­bu­tions are much ap­pre­ci­ated and we be­lieve that they will go a long way to sup­port busi­ness growth,” he said.

His Majesty also com­mended the role played by the me­dia to sup­port and to ed­u­cate busi­nesses. He said this norm was in line with in­ter­na­tional prac­tices.

“In other coun­tries the me­dia takes a lead­ing role in ed­u­cat­ing busi­nesses,” he said.

Also, he said the awards were also in line with in­ter­na­tional best strate­gies such as the Blue Ocean Strat­egy which en­cour­ages or­gan­i­sa­tions to think out­side of the box.


“This is a good strat­egy that should be adopted by na­tions. In line with the strat­egy the awards plays a crit­i­cal role to en­able strate­gic suc­cess of busi­nesses,” he said.

The King said he was also look­ing for­ward to a time when small busi­nesses would grow and carry out multi-mil­lion trans­ac­tions and con­trib­ute im­mensely to the coun­try’s growth.

“This is a process that builds up to that,” he said. He said he also en­vi­sions a time where the awards spon­sor­ships would sit above at least a 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. mil­lion.

“But this is not meant to be­lit­tle your con­tri­bu­tions. We will get there slowly but surely. We hope that if com­pany’s prof­its con­tinue to im­prove, the sup­port to­wards ini­tia­tives like this one will also in­crease,” he said.

SEDCO Man­ag­ing Director Dor­ring­ton Matiwane said the in­ten­tion of the spon­sors meet­ing with the King was to re­turn the EYA to the hands of His Majesty who was the pa­tron of the awards since their in­cep­tion.

MOV­ING FOR­WARD: Stan­dard Bank Head of Per­sonal and Busi­ness Bank­ing Charles Hlatshwayo and Mar­ket­ing and Com­mu­ni­ca­tions Of­fi­cer Sazikazi Hlophe pre­sent­ing E100 000 spon­sor­ship to­wards the event.

(Pics: Si­mon Sha­bangu)

TI­TLE SPON­SORS: First Na­tional Bank CEO Dennis Sikhalo Mbingo and his ex­ec­u­tive man­age­ment Ncamiso Dlamini, Zethu Dlamini and Lubasi Katundu pre­sent­ing the spon­sor­ship to the King.

FROM THE THRONE: His Majesty King Mswati III ad­dress­ing the var­i­ous spon­sors dur­ing the En­tre­pre­neur of the Year Awards spon­sor­ship pre­sen­ta­tions at Lozitha Royal Palace on Thurs­day night.

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