BY PHUMELELE MKHONTA
MBABANE– The beautiful wonders of Maloma Colliery!
In a ‘fact book’ that was released today on Inyatsi Group Holdings social media pages, it was revealed that the above-mentioned mining company has created jobs for emaSwati for the next 25 years.
Worth noting is that Maloma Colliery is one of the subsidiary companies for Inyatsi Group Holdings, which is under the leadership of Michelo Shakantu. Shakantu has his name engraved in the ‘fact book’ which was released today.
“How many jobs would be created through an investment of US100 million (E1.7billion) at a mine with a 25-year lifespan (from 2023 – 2048)?
“We are excited about what the future holds for Maloma Colliery Limited (a subsidiary of the multinational Inyatsi Group Holdings) #AnthraciteCoal #FromEswatiniToTheWorld (sic),” read the caption on the post.
Another fact which the company revealed the recruitment policy has led to over 90 per cent of jobs set aside for locals.
“3.5 per cent of profits are ploughed back into the community, which is more than what is required by the law,” reads another fact.
Inyatsi Group Holdings Communications Specialist Ncobile Dlamini confirmed the information on the fact book; however, she could not comment any further. Maloma Colliery is a subsidiary of the Inyatsi Group Holdings which wholly and/or part-own 10 businesses across nine African countries, realizing an annual turnover of US$450 million (E7.6 billon).
