Op­por­tu­ni­ties for busi­ness growth

Swazi Observer - - BUSINESS -

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.

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