KING RECEIVES OVER E700 000 EYA
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.
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.