In a decisive move to boost local economic participation, Eswatini’s Parliament approved the Citizen Economic Empowerment Act, giving foreign‑owned enterprises a 12‑month period to vacate the country. The law, aimed at increasing ownership by emaSwati, follows widespread complaints that foreign traders—particularly those of Asian origin—are crowding out local retailers and threatening livelihoods.
MP Welcome Dlamini of Mbabane East reported that the trade ministry has already begun shutting down Asian‑owned shops. While some MPs, like Tanele Magagula of Hhohho Region, called for immediate action, others urged a more measured approach, arguing that local entrepreneurs need time to learn and manage the businesses. The final compromise settled on a one‑year notice period.
Inspections launched in August uncovered not only compliance issues but also concerns over working conditions, such as inadequate days off, insufficient annual leave, and overtime disputes. At least one case remains under investigation. The ministry’s enforcement will continue unless the law is formally amended to reflect the 12‑month timeline.
Eswatini, a landlocked kingdom in Southern Africa, is grappling with severe economic hardship, with roughly 70% of its population living below the poverty line. The government argues that expanding opportunities for citizens will help curb poverty and prevent potential political unrest.
Source: BBC World
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