BUSINESSMAN: GOVT REASON BEHIND BUSINESSES FAILURE

MBABANE- “Government is the reason our businesses are failing.”

These were sentiments from a businessman who requested to remain anonymous. He said the decision to render services to government was the worst business move and he now intended to sell some properties belonging to the business to keep it afloat. “We have not received our money from government for over four months now and because of that, we not only lost business, but have also not been able to pay for our expenses. As a result of the non-payment, we have begun auctioning some of the business properties including our furniture, our laptops and more,” he said. The businessman mentioned that due to not receiving much money in the business’s account, the bank now did not want to lend their businesses money.

Reason

Economist Sanele Sibiya stated that government had become the reason a lot of businesses were being shut down more than building them.  “This is a big and a growing problem from our government. Government has been the cause of most businesses shutting down and it’s sad. Businesses make money through cash flow and if the cash is not flowing they then lose business and the reason for this in most businesses is due to government seeking for services they are not able pay for,” he said. He expressed hope that the     Ministry of Finance would be able to fix the challenges before a number of businesses closed down, leaving many emaSwati unemployed which will strain the already deteriorating economy.

Creation

“Business takes a higher percentage in job creation in the kingdom. The loss of business will not just affect the business or its owner but families who live through the business and the economy at large,” he said. Ministry of Finance Communications Officer Setsabile Dlamini stated that the ministry had begun paying off government service providers, which had not been paid off. She said the process had begun about two weeks ago. Dlamini said service providers who still had not received their payments needed to visit the ministries which they had rendered services to. “I will kindly request that they visit the ministries which they rendered their services to find out what the issue is. On our side, we have issued payments to the different ministries and the service providers have been receiving their payment as of two weeks back. We are hoping that they will receive their money as one may find out that there was an error which the ministries should be notified about,” she said.

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