Opportunities for business growth
MANY businesses are geared towards product diversification, the company survey 2017 has established.
The survey results show that 35 per cent of the opportunities are focused towards expansion of businesses.
The report said companies in the manufacturing sector, mainly the textile and food and beverages sub-sectors have realised opportunities for expansion of their businesses.
“The Lower Usuthu Irrigation Project II is one of the projects likely to benefit the sugar sector in the medium term.
“The survey also shows that different sectors of the economy stand to benefit from specific projects that are mostly government driven like the Rail Link project which is a joint venture between Swaziland and South Africa” said the report.
The survey states that some companies in the agricultural sector were already venturing in new products like goat rearing, milk processing, fisheries and working towards prepacking.
It noted that tertiary education institutions were expanding into new fields that were in demand and also diversifying their mandate towards self-sustenance through commercialising some of its assets for income generation.
“On promoting efficiency for the achievement of economies of scale, marketing boards are in favour of bulk buying of fertilizers and other agricultural amenities with the hope of reducing costs for farmers.
“Other sectors are confident that the entry into the market of a new mobile network will introduce cheaper communication tariffs. The graph below shows the list of opportunities according to their order of importance,” reads the report in part.