RES spends E1.1m on youth development projects
SIMUNYE – RES Corporation stands by its obligation to support the youth and add value to local communities as part of the company’s social investment strategy.
Corporate Social Investment for major organisations has always been questioned, nevertheless, the Royal Eswatini Sugar (RES) Corporation continues to fulfil its obligation of being an active contributor to the socio-economic development of Eswatini.
In the sugar company’s 2021 Annual Integrated Report, it reflects that E1.1 million has been spent on youth support programmes in the past three years and a total of 4091 emaSwati benefitted from the company’s water projects whereby boreholes were installed in poverty stricken communities within the Lubombo Region.
Responsibility
RES Group Public Affairs Manager Sifiso Nyembe, head of the office responsible for corporate social responsibility said; “Our business model constitutes a basic part of our financial and intellectual capitals.
“Together with our capital inputs and based on our strategy, it governs the manner in which we conduct business activities to produce outputs which create value for our stakeholders.”
Nyembe added that in the last financial year 2020/21, the organisation managed to sustain 4 035 jobs which in return provides for thousands of dependents.
“Our youth programmes over the past three years have seen emerging entrepreneurs benefitting from the RES Youth Entrepreneurship Support (YES) programme.
Development
“Other youth programmes include the soccer development programme called Siyakha1800 in partnership with the country’s soccer body, Eswatini Football Association (EFA). These projects and other youth projects amount to the value of E1.1 million,” Nyembe highlighted.
The sugar company’s mouthpiece further brought to light that RES Corporation also supported healthcare services which support both employees’ dependents and local communities which over the past financial year totalled to E35 million.
According to the company’s Annual Integrated Report since the COVID-19 pandemic gained momentum.