SITF exhibitors to part with minimum of E4 500
MBABANE – While several small businesses have complained over the past few years about the costs associated with exhibition stalls during the Trade Fair, they are increasing every year.
This year, individuals and businesses interested in exhibiting their goods and services during the Swaziland International Trade Fair (SITF) should be prepared to part with a minimum of E4 500 for a basic stand for the whole duration of the Trade Fair.
This year’s Trade Fair will he held between August 27 and September 6 and what is special about it is that it will be held at the same time the country hosts the Common Market of Eastern and Southern Africa (COMESA) Heads of State Summit and the COMESA Business Forum.
The theme is called ‘Facilitating Trade and Investment through Science and Technology’
The basic stand, which has one side open, covers nine square metres and costs E500 per square metre.
Exhibitors will part with a minimum of E4 725 for a sub-prime stand, which costs E525 per square metre. Stands are available in dimensions of nine square metres, 18 square metres, 27 square metres, 36 square metres up to pavilions of 290 square metres.
A sub-prime stand has two or more sides open. Meanwhile, a prime stand will cost a minimum of E4 950, as the fee is set at E550 per square metre. The fee for exhibition space has increased slightly over the years, as exhibitors paid a minimum of E150 for a basic stand in 2007 and the fee went up to E200 in 2008. This has resulted in several businesses raising concern about the fee in the past few years, as many have said the fee was too high.
However, the SITF Management Committee insisted that the fees charged locally were still the lowest in the region, given the fact that as exhibitors, you are given a platform to interact with over 30 000 visitors who attend the annual event.
Last year, exhibitors parted with a minimum of E 250 for a basic stand, as the charge for the smallest exhibition space was E2 250 per square metre. Last year’s Trade Fair was held between August 28 and September 7 and it was themed ‘The Renewal of Swazi Business in Global Trade’.
According to the General Conditions for exhibiting all exhibitions stalls should be open for inspection and each stand must be adequately staffed throughout the whole of the period during which the exhibition is open.
“Any exhibitor allowing his stand to remain unoccupied at any time during the hours in which the exhibition is open will be liable to a penalty of E200. These condition will be strictly enforced and the organisers reserve the right to remove such covers at any time during these hours without accepting any responsibility for losses, which may arise as a result of the stand left unattended,” partly read the conditions for exhibiting.
Application forms for this year’s event are already available at the Trade Promotion Unit, the Federation of Swaziland Employers and Chamber of Commerce (FSE&CC), all government Licensing Offices and all Small Enterprises Development Company (SEDCO) offices. The application form can also be downloaded from the internet on www.gov.sz or www.business-swaziland.com.
...exhibitors required to pay 50% fee upon registration
MBABANE - exhibitors are required to pay 50 per cent of the total cost for space hired upon registration.
This is contained in the terms contained in this years application form, which is already available at the Trade Promotion Unit, the Federation of Swaziland Employers and Chamber of Commerce (FSE&CC), all government Licensing Offices and all Small Enterprises Development Company (SEDCO) offices. The application form can also be downloaded from the internet
According to the terms contained in the application form, the balance must be paid by the August 13, 2010.
“Payment made for space hired will not be refunded. Late payment shall result in additional charge of 2.5 per cent per working day or forfeiture of space. Space hire after the July 30 shall be paid for in full. Only bank guaranteed cheque payment addressed to “the Swaziland Government” will be accepted,” reads the terms in part.
It further says all exhibitors should ensure that their exhibition stall construction and decorations are fully completed by August 26, adding that failure to do so will result in the stands being sold. It says all stands must be dismantled (breakdown) by September 6, 2010 at 6pm.
Stand Rental Fees:
* Basic Stand cost (one side open) E500 per square metre
* Prime Stand (prime location) E550 per square metre
* Sub-Prime (two or more sides open) E525 per square metre
* Covers shell scheme, plugs, spot lights, fascia name, dust bin
* Extras available on order- carpet, display furniture, stand design & decoration
* Stands available in dimensions of nine (minimum), 18, 27, 36 to pavilions of 290 square metres each