16/09/2026
MINISTER BRINGS SWEEPING LAW BARRING FOREIGNERS FROM TOWNSHIP ECONOMY AND SMALL BUSINESS
……These include retail operations with annual turnover below E8 million, including general dealers, supermarkets, grocery shops, pharmacies, automotive spares, hardware shops, liquor outlets
By Staff reporter
Retail, taxis, construction, restaurants, security, funeral services, advertising, tourism and other have now been ring fenced as exclusively meant to be run by Swazis, at least according to the
Citizens Economic Empowerment Regulations being proposed by Minister of Commerce Manqoba Khumalo.
If things go the way of Minister Khumalo the country stands on the verge of introducing a far-reaching economic empowerment regime that could fundamentally change who is allowed to participate in some of the country’s most common business sectors. The proposed regulations establish a framework under which certain economic activities would be reserved for targeted citizen-owned companies, while foreign participation in other sectors would be permitted only through approved joint ventures with citizens.
The regulations, made under the Citizens Economic Empowerment Act, create requirements covering ownership, procurement, employment, management control, enterprise development, reporting and compliance. At the heart of the regulations is a powerful proposition: economic participation in certain sectors should be deliberately structured in favour of targeted citizen-owned businesses.
The regulations state that the Minister may, on the recommendation of the Council, reserve, vary or remove sectors or activities for participation by targeted citizen-owned companies. Foreign participation in a reserved sector would only be permitted through an approved joint venture.
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