ESWATINI WANTS TO TAKE OVER ALL FOREIGN-OWNED SHOPS AS PARLIAMENT DEBATES GIVING LOCAL BUSINESSES MORE CONTROL
A major debate is unfolding in Eswatini over the future of foreign-owned small businesses, with lawmakers pushing for greater opportunities for local entrepreneurs.
MPs have discussed a proposed 12-month transition period for affected businesses, giving local citizens an opportunity to secure financial support and take over shops.
Some lawmakers believe six months would be enough, while others are calling for a longer transition to avoid disrupting access to essential goods and putting jobs at risk.
However, the government has stressed that the enforcement drive is aimed at businesses that do not comply with existing licensing laws. It has not announced that every foreign-owned business will automatically be closed or taken over.
The proposed 12-month period remains a parliamentary recommendation and does not automatically change existing laws.
The debate raises serious questions about foreign business ownership, economic empowerment, employment and the protection of local entrepreneurs.
Should Eswatini prioritise local ownership of small businesses, even if it means foreign shop owners have to leave the sector?