MPs want all factory shells transferred to EIPA
MBABANE – Gilgal Member of Parliament (MP) Sandla Kenneth Fakudze wants to move a motion that seeks to transfer all factory shells to the Eswatini Investment Promotion Authority (EIPA).
,n the 3rivate 0ember¶s motion which is seconded by 1d]inJeni 03 /utfo 'lamini the leJislator cites three reason for the transfer of the all the factory shells to the authority one of them beinJ that currently they cannot sue rental defaulters or even Jet MudJement aJainst those owinJ them because they lacN ownershiS of the factory shells
+owever he could not move the motion in 3arliament on :ednes day because the 0inister of )inance 1eal 5iMNenberJ was held uS in another Sarliamentary business at the 6enate
³7o move that the +onourable 0inister for )inance in consulta tion with the +onourable 0inister for &ommerce ,ndustry and 7rade should consider transferrinJ all factory shells to the (swatini ,nvest ment 3romotion $uthority (,3$ for the followinJ reasons inter alia
*overnment has built uS a healthy stocN of shells which are currently oSerated and maintained by (,3$ in terms of rent collection servicinJ and Sersonnel etc even thouJh their ownershiS remains with the 0inistry of )inance
&urrently they cannot sue rent al defaulters or even Jet MudJement aJainst those owinJ them because they lacN ownershiS of the )actory 6hells
(,3$ will be self fundinJ and will have the financial muscle throuJh this stocN of factory shells and would be able to borrow funds from financial institutions inter nally or e[ternally at concessional rates to further develoS new factory shells and rehabilitate the e[istinJ ones without Jovernment subvention
,nvestment Sromotion aJencies in the 6outhern $frica 5eJion 0Su malanJa (conomic *rowth $Jency own factories and SroSerties in their own name and allowinJ (,3$ to own
QUOTE
"The journey of a thousand miles begins with a single step." — Lao Tzu
"Becoming isn't about arriving somewhere or achieving a certain aim. I see it instead as forward motion, a means of evolving, a way to reach continuously toward a better self. The journey doesn't end." — Michelle Obama
"Play by the rules, but be ferocious." — Phil Knight assets Slaces them at Sar with the counterSarts and ensures that they can comSete in the chase to secure investors
,t was shared in the motion that 0inister of )inance 1eal 5iMNenberJ should aSSraise the +ouse of $ssem bly on SroJress that would have been made within days of SassinJ of this motion
,t should be noted that durinJ the 0inistry of &ommerce ,ndustry and 7rade Sortfolio committee annual Serformance reSort Sresentation in 3arliament /omahasha 03 1dumiso 0asimula aSSlauded the 0inister 0anToba .humalo for buildinJ factory shells
+e also encouraJed him to adhere to the sSeech from the throne reTuestinJ the ministry to build factory shells yearly +e further oSined that the factory shells should not be clustered alonJ the 0an]ini 0atsaSha corridor but must be decentralised to other corners of the country
.humalo shared that the ministry had adoSted and embraced the Solicy by +is 0aMesty the .inJ
7he ministry is enJaJinJ with all staNeholders that should inform the factory shell SroJramme and shall develoS a conceSt note that would SroMect the factory shell construction uS to