BY DELISA THWALA
MBABANE- Six sectors with potential profit returns in 2023 have been identified by the Ministry of Commerce, Industry and Trade.
These sectors are likely to record growth in performance and profits as numerous activities are expected to happen this year.
The ministry is in the processes of ensuring effective implementation of the SADC protocol on trade in Eswatini. This was mentioned by Minister of Commerce, Industry and Trade Manqoba Khumalo.
Khumalo said the Southern African Development Community (SADC) Protocol on Trade in Services came into force last year.
“Effectively, the coming into force of the Protocol on Trade in Services means that there are six negotiated priority sectors (Construction, Financial services, Energy-related services, Communication, Transportation Services and Tourism),” he said.
The minister said service providers in the SADC region would be able to operate preferentially within the perimeters of the agreed schedule of specific commitments and the agreed regulatory frameworks.
“The Kingdom of Eswatini has also assumed the chairmanship of SACU, during the course of the 2022 to 2023 financial year and a number of regional trade and industry meetings have been held,” he added.
Khumalo added that the Economic Recovery Strategy (ERS) was taking its foam.
“We are observing a private sector-led economy whereby companies have engaged in expansionary and innovative programmes.”
The minister also mentioned that there was a need to vigorously implement policies that enhance inclusive access to innovative financing technologies.
He said these were leveraging high-knowledge intensive services to increase productivity and improve competitiveness in the private sector was key to achieving higher value-added diversification and industrialisation.
BELOW IS THE LIST OF THE SECTORS:
- Construction
- Financial services
- Energy- related services
- Communication
- Transportation services
- Tourism
