DREAM TO PRODUCE FERTILISER BLOWN AWAY?

MATSAPHA – There are suspicions that TRIOMF Swaziland has packed its machinery and will soon be leaving the country.

Workers who found company directors packing up machines within the factory at the beginning of the week raised the alarm and alerted the Times SUNDAY in fear that the business was leaving the country.
When a visit to the factory located at Matsapha near Tubungu Estates was made, a van loaded with machinery parts was seen leaving the premises.

 The official who was driving the vehicle was requested to stop by this publication and when probed, he referred all questions to Swaziland Investment Promotion Authority (SIPA), stating that the organisation was better placed to make comment on the matter.

The officer could only confirm that machinery had been removed from the premises, but stated that this was being done in preparation for another big project that would be established by a sister company to TRIOMF Swaziland.
Times SUNDAY sources said although they were moving some machines from the premises, the company still had plans to continue with its second phase of its initial business plans of ploughing vegetation to be used in the production of some of their products.

From TRIOMF’s official website (www.triomfsa.co.za) the Times SUNDAY has learnt that registered shareholders of TRIOMF Swaziland are Imphandze Investment Holdings together with TRIOMF South Africa (Pty) and at inception in 2015, they were in the process of setting up a fertiliser manufacturing plant in the kingdom.

Financial close was targeted for end of March 2015 and the plant was projected to be ready for service during the course of 2016. Imphandze was instrumental in securing the lease for land, Government concessions and securing of all legal and regulatory approvals as well as the funding for the project.
This, however, has not taken place.

It is further stated in the website that a company called Swazi Greenergy, a wholly owned subsidiary of Imphandze Investments, was recently awarded a 50 year lease for a17 500 hectares of land in the Jozini region in the Kingdom of Swaziland for the purpose of ploughing sugar cane for the production of ethanol and electricity.  The Jozini region is located within Lavumisa.
Soil surveys on the land have been completed and a sugar cane farming blueprint was expected to have been completed at the end January 2015.
Imphandze, together with the company’s advisors, are said to be in the process of structuring and capital sourcing for the project.  

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