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Swaziland Annex - ANNEX Swazila

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					ANNEX

Swaziland
        ANNEX 1: Table 1. Investment Profile and Opportunities by Sector
Investment Sub sector      Sub Sub          Level of    Status of          Number of      Preferred         Any very          Availability
Sector                     sector           Investment  investment in      companies      Type of           specific          of specific
                           (if any)         US$         the sector.        operating in   investment.       incentives        funds for
                                            (mn/bn)     Development        the sector     (Public           related to the    Investment
                                            (if         or and             (if available) sector. i.e.      sector or sub
                                            available)  problem areas/                    PPP, BOT,         sector
                                                        existence of                      BOOT)
                                                        appropriate                       Private sector
                                                        infrastructure                    projects, etc
1.Sector 1   1.1           1.1.1                         Vibrant sector.   More than 10, PPP with           - 10%           Some local
Tourism      Hospitality   5 Star Hotel     +/- 10 – 15 Limited            although there 100% private           corporate funds
                                            million     competition,       is one major sector                   tax
                                                        high tourist       group; Sun ownership             - 50% initial
                                                        destination.       International option.                 depreciati
                                                        Currently about    with 3 Hotels                         on
                                                        420, 000           and a Casino                     - Unlimited
                                                        tourists per                                             loss carry
                                                        annum and only                                           forward;
                                                        1 or 2 five star
                                                        facilities.
             1.1           1.1.2                         Vibrant sector.   More than 10,     Private        - 10%
             Hospitality   Hotel            +/- 10 – 15 Limited            although there    Sector:             corporate
                           Existing hotel   million     competition,       is one major      Financial           tax
                           looking for                  high tourist       group; Sun        partner.       - 50% initial
                           financial                    destination.       International                         depreciati
                           partner for                  Currently about    with 3 Hotels                         on
                           upgrading and                420, 000           and a Casino                     - Unlimited
                           expansion                    tourists per                                             loss carry
                           programme.                   annum and only                                           forward;
                                                        1 or 2 five star
                           Tums George                  facilities.
                           Hotel
                           1.1.3                    Restaurant fully
                           Casino & Golf +/- US$10- developed. Site 2                       Partnership
                           Estate        15 million well developed
                                                    with botanical                          Joint Venture
                                                    gardens and
                                                    measures about
                                                    100 hectares,
                                                    under full title.
                                                    Casino licence
                                                    is in place.
                           1.1.1         US$10 – 25 Number of new 4                         Joint Venture - 10%
                           Holiday       million    similar                                                    Corporate
                           Housing –                developments                                               tax
                           Golf Estate              coming up                                             - 50% initial
                                                    around country.                                            depreciati
                           Stone Age                Mostly sold to                                             on
                           Resorts                  foreigners as                                         - Unlimited
                                                    holiday homes.                                             loss carry
                                                                                                               forward;

             1.2           1.2.1                         About 3
             Tour          In-bound tour                 resident
             Operators     operators to                  operators. Need
                           help develop                  to engage
                           Swaziland’s                   tourists from
                          tourism                  source to
                          market.                  improve
                                                   Swaziland’s
                                                   position as a
                                                   transit route to
                                                   South Africa
                                                   and
                                                   Mozambique.
2.Sector 2 2.1           2.1.1                     Strategic plan About 6 large      Joint          10% corporate Some local
Agriculture Dairy        Milk                      in place. Need to medium          Ventures       tax;           funds.
                         Production and            for investment and a lot of                      Duty free
                         processing                partners. Local smaller                          importation of
                                                   farmers lack      operators all                  agricultural
                                                   access to capital contributing                   equipment and
                                                   and technology. about 20% of                     related.
                                                                     local
                                                                     consumption.
            2.2          2.2.1          Depends on No investments None               Joint        - 10%
            Timber &     Chip Board     scale of   as yet, but                       Ventures          Corporate
            Forestry     Manufacturing project     plenty of waste                                     tax
                                                   from sawmills                     100% foreign - 50% initial
                                                   across country.                   ownership         depreciati
                                                   Swaziland has                     options           on
                                                   one of the                                     - Unlimited
                                                   largest man-                                        loss carry
                                                   made forests in                                     forward;
                                                   the world.
            2.3          2.3.1                     Two small local 2                 Joint          Depends on      Some local
            Poultry      Refurbishment US$1.5      companies.                        Ventures       scale of        funds
                         and            million    Shortage of one                                  project
                         Resuscitation             day chicks and                    Partnerships
                         of Government             competitive                       With Private
                         Hatchery                  feeds is main                     sector
                                                   challenge. Need
                                                   to address the
                                                   supply chain.
            2.4          2.4.1          US$10 – 15 New sector.       A number of     Joint          10% corporate Some local
            Horticulture Cut flowers    million    Good soils and small players      Ventures       tax;           funds.
                                                   climate make it focused                          Duty free
                                                   ideal. Proximity mostly on                       importation of
                                                   to major airport domestic                        agricultural
                                                   O.R. Tambo.       flowers for                    equipment and
                                                   Suitable land in the local                       related.
                                                   the right         market.
                                                   location is
                                                   available.
            2.5          2.5.1                     Large number                      Joint
            Horticulture Vegetable                 of farmer                         Ventures
                         Processing for            community
                         export                    lacking                           Partnerships
                                                   guaranteed                        with private
                                                   markets.                          sector
                                                   Interested
                                                   companies to                      100% foreign
                                                   source                            ownership
                                                   vegetables and                    option.
                                                   process them in
                                                   the country.
                                                   Land available
                                                   to allow
                                                           investor to
                                                           grow certain
                                                           percentage of
                                                           required inputs.
                                                           Both organic
                                                           and in-organic
                                                           vegetables
                                                           available.
3. Sector 3   3.1           3.1.1                                                                        - 10%
ICT           BPO           Call centres    Depending  New sector as          3           100% foreign        corporate
                                            on number  per                                ownership.
                                                                                                              tax
                                                       government’s
                                            of seats and
                                            required   priority. Small                                   - Training
                                            bandwidth  internally                                             rebate
                                                       focused centres.                                    Other
                                                       Good English                                         special
                                                       speaking                                             incentives
                                                       workforce. 87%
                                                       literacy rate.
4. Sector 4   4.1           4.1.1           +/- US$1.5 Currently              1 – State    PPP           - 10%
Energy        Electricity   Coal Fired      billion    importing about        owned.                           corporate
                            1000 MW                    80% of power.          Industry now
                                                                                                               tax
                            Power Station              Market                 liberalised.
                                                       available in the                                    - Training
                                                       region.                                             rebate
                                                       Infrastructure                                      - 50% Initial
                                                       adequate                                            Depreciatio
                                                                                                           n allowance
                                                                                                         - Other
                                                                                                         special
                                                                                                         incentives
              4.2           4.2.1           Depends on Currently        Imported. A PPP                  - 10%
              Renewable     Bio Fuels       scale of   importing about number of                               Corporate
              Energy                        operations US$150 million South African                            tax
                                                       of petroleum     distributors;                    - 50% initial
                                                       products per     Shell, Engen,                          depreciati
                                                       year. New        BP, Excel and                          on
                                                       policy to        Total                            - Unlimited
                                                       encourage                                               loss carry
                                                       blending fossils                                        forward;
                                                       with bio-fuels,                                   Other special
                                                       initially at 10%                                  incentives
                                                       ration.
5. Sector 5 5.1                                        Currently one
Infrastructure Construction Sikhuphe        +/-US$150 airport, which 1                PPP
                            International   million    cannot handle
                            Airport                    bigger aircraft.
                                                       Focus on both
                                                       Cargo and
                                                       Tourism as an
                                                       option to
                                                       expensive O.R.
                                                       Tambo Airport
                            Low cost to     Depends on There is need                  PPP                -              Some local
                            Middle          size of    for low cost                                                     funds
                            Income          township housing in the                   Private
                            Housing                    country as                     Sector
                                                       increased                      Partnerships
                                                       urbanization
                                                        puts stain on                   Joint
                                                        available                       Ventures
                                                        infrastructure.
                                                        Government
                                                        and other
                                                        international
                                                        organisations
                                                        are helping
                                                        government on
                                                        delivery.
                                                        Budget exceeds
                                                        US$100
                                                        million, over
                                                        fives years.
                            International   US$80 –     1 Convention                    PPP            - 10%
                            Convention      100 million Centre – Sun                                      corporate
                            Centre &                    International
                                                                                                          tax
                            Hotel,                      Group of Hotels
                            Sporting                                                                   - Training
                            Complex and                                                                     rebate
                            Theme Park                                                                 Other special
                                                                                                       incentives
6. Sector 6   6.1         6.1.1                                                         As per           10%
Mining        Coal Mining Anthracite        Depends on Xstrata          1               mining            corporate
                          coal mining       scale of   currently                        policy.
                                                                                                          tax
                          with power        activity   mining coal for                  Interests of
                          generation                   export. About                    Swazi          - Training
                          possibilities                480 million                      stakeholders        rebate
                                                       tonnes available                 should be        Other
                                                       within the                       taken into        special
                                                       country                          account           incentives
              6.2           6.2.1                        About 600          None                       - 10%
              Iron Ore      Iron Ore                     million tonnes                 As per            corporate
              mining        mining and                   of iron ore at     Mine closed mining
                                                                                                          tax
                            beneficiation                between 35% -      early 70’s. policy.
                                                         50% Fe need                    Interests of   - Training
                                                         for                            Swazi               rebate
                                                         beneficiation in               stakeholders     Other
                                                         country.                       should be         special
                                                         Infrastructure                 taken into        incentives
                                                         needs                          account
                                                         refurbishment,
                                                         which
                                                         government is
                                                         willing to
                                                         undertake.
              Mining:       Mining of the   Suitable for Policy has been    None        As per         - 10%
              Other         Resources       small scale reviewed to                     mining            corporate
              Minerals in                   mining.      make it investor               policy.
                                                                                                          tax
              small                                      friendly.                      Interests of
              commercial                                                                Swazi          - Training
              quantities                                                                stakeholders        rebate
              - Talc                                                                    should be      - Other
              - Kaolin                                                                  taken into          special
              - Silica                                                                  account             incentive
              - Barites
                                                                                                            s
              - Diamonds
              - Gold
ANNEX 2. Project template

Project Name: Swaziland Dairy Board
Project Description
Project:                     Strategic Partnerships for
                             increasing dairy (milk)
                             production and related
                             products in Swaziland
Importance:                  1. Import substitution
                             2. Potential for exporting the
                             extra production and investing
                             in UHT plant.
                             3. Providing job opportunities
                             and foreign currency
Investment cost:             Minimum 5 million US$
Implementation period:       No of years: 1-2
Operational date:            at the end of year 1
Works achieved:              Industry strategic plan and
                             business plans available
Location                     Middleveld, Lowveld
Project site location:       Manzini Region
Location advantages:         Land, water, good climate,
                             proximity to major centres

Basic Infrastructure                 Infrastructure                Item Unit/Quantity
                                         Land                 600 hectares
                                       Electricity            3 phase
                                         Water                Sufficient – borehole also
                                                              optional

Partners                                  Name                 Percentage/ Participation
                             Private sector                   Depends on contribution
                             FDI                              Depends on contribution

Economic Indicators
Payback period:                                               5 years min.
Breakeven point:
Rate of return on capital:   %                                25% min.
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons    8 million litres
                             Local Demand: Value/ Tons        56 million litres
                             Imports: Value/ Tons             48 million litres

Local Market
                             Number of companies working      6
                             in the same field:
                             Main companies working in the    1
                              same field:



Contacts                      Address                            Town / Country
Coordinating entities:
Swaziland Dairy Board (SDB)   3rd Floor, Enguleni House          Manzini/Swaziland
                              Lot 287, Mahleka Street
                              P.O. Box 2975, Manzini, M200

Swaziland Investment          7th Floor, Mbandzeni House         Mbabane/Swaziland
Promotion Authority (SIPA)    Libandla Street
                              P.O. Box 4194, Mbabane, H100

Key person:                   SDB: Mr. Tony Dlamini
                              SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:             SDB: tel – 00268 505 8262/3/4
                                  Fax – 00268 505 8260

                              SIPA: tel – 00268 404 0470/2/3/4
                                    Fax – 00268 404 3374
                              e-mail: vilanez@sipa.org.sz
Web site:                     www.sipa.org.sz




Project Name: Thermal Power Station
Project Description
Project:                      1000 MW Coal-Fired Thermal
                              Power Station
Importance:                   1. Import substitution
                              2. Potential for exporting
                              through SADC Power Grid &
                              Pool
                              3. Providing job opportunities
                              and foreign currency
Investment cost:              Minimum 1.5 billion US$
Implementation period:        No of years: 4-6
Operational date:             at the end of year 6
Works achieved:               Pre-feasibility study
Location                      Lowveld, closer to the coal belt
Project site location:        Mpaka
Location advantages:          Proximity to coal, rail and grid

Basic Infrastructure                    Infrastructure               Item Unit/Quantity
                                            Land
                                             Coal                +/- 150 million tonnes
                                            Water                Sufficient cooling water
                                          Electricity            400 kv – capable of carrying
                                                                 up to 2000 mw
Partners                                    Name                   Percentage/ Participation
                             Government                         Depends on contribution
                             FDI                                Depends on contribution

Economic Indicators
Payback period:                                                 25 years min.
Breakeven point:
Rate of return on capital:   %                                  More analysis needed
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons      +/- 60 megawatts
                             Local Demand: Value/ Tons          +/- 200 megawatts
                             Imports: Value/ Tons               +/- 180 megawatts
                             Export demand                      +/- 5000 megawatts
Local Market
                             Number of companies working        1
                             in the same field:
                             Main companies working in the      1
                             same field:



Contacts                     Address                            Town / Country
Coordinating entities:
Swaziland Electricity        Eluvatsini House                   Mbabane/Swaziland
Company (SEC)                Mhlambanyatsi Road
                             P.O. Box 258, Mbabane, H100

Swaziland Investment         7th Floor, Mbandzeni House         Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SEC: Mr. Kunene
                             SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SEC: tel – 00268 404 0936
                                        00268 404 2521/2/5
                                  Fax – 00268 404 2335

                             SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SEC: www.sec.co.sz
                             SIPA: www.sipa.org.sz
Project Name: International Convention Centre & Hotel
Project Description
Project:                 Development of a five star
                         hotel, alongside a state of the art
                         government owned ICC
Importance:              1. Events Hosting
                         2. Put Swaziland on the map as
                         a venue for major conferences
                         and similar events.
                         3. Boost the Tourism Industry
                         and Provide job opportunities.
Investment cost:         ICC + HOTEL 30 – 50 MILLION
                         US$
Implementation period:   No of years:3
Operational date:        at the end of year 3
Works achieved:               - Pre-feasibility study
                                  and business plan
                              - Conceptual designs
                              - Promotional brochure
                                  developed
Location                 Ezulwini, Mbabane
Project site location:   Ezulwini, next to Sun
                         International Casino
Location advantages:     Tourism corridor
                         Beautiful, scenic valley
                         Other major establishments

Basic Infrastructure              Infrastructure                   Item Unit/Quantity
                                      Land

Partners                               Name                      Percentage/ Participation
                         Government                            PPP – possible management
                                                               contract on ICC and 100%
                                                               Government funding
                         FDI                                   100 % foreign ownership on
                                                               hotel

Economic Indicators                                            Needs detailed assessment
Payback period:
Breakeven point:
Present Value:
Debt-equity ratio:

Market Size
                         Local production: Value/ Tons
                         Local Demand: Value/ Tons
                         Imports: Value/ Tons

Local Market
                         Number of companies working
                             in the same field:
                             Main companies working in the      1 – Sun International Group
                             same field:                        of Hotels

Contacts                     Address                            Town / Country
Coordinating entities:
Project Millennium Unit      Sokhamlilo Building                Mbabane/Swaziland
(PMU)                        P.O. Box 258, Mbabane, H100

                             7th Floor, Mbandzeni House
Swaziland Investment         Libandla Street                    Mbabane/Swaziland
Promotion Authority (SIPA)   P.O. Box 4194, Mbabane, H100

Key person:                  PMU: Mr. Lloyd Dlamini
                             SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            PMU: 00268 404 4460/1
                             SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz

                             www.gov.sz/economic
                             planning




Project Name: Summerfield Casino & Golf Estate
Project Description
Project:                     Development of a Golf Estate,
                             Casino and supporting
                             Facilities
Importance:                  1. Tourism infrastructure
                             2. Growing market for golf
                             estate living
                             3. Providing job opportunities
                             and foreign currency
Investment cost:             Minimum 25 million US$
                             US$10 million invested to date
Implementation period:       Operational (restaurant)
Operational date:            Fully operational by 2011
Works achieved:              Pre-feasibility study
Location                     10 minutes from airport, private
                             farm
Project site location:       Matsapha
Location advantages:         Proximity to airport, cities and
                             major attractions, with river
                             frontage.

Basic Infrastructure                   Infrastructure               Item Unit/Quantity
                                           Land                  100 hectares
                                        Water ways
                                         Aquarium
                                        Restaurant
                                     Botanical Gardens           Fully matured, covering
                                                                 more than 10 hectares.
                                      Conference                 Under construction
                                       Electricity               3 phase
Partners                                 Name                      Percentage/ Participation
                              Summerfield Casino                 51%
                              FDI                                49%

Economic Indicators
Payback period:                                                  10 years min.
Breakeven point:
Rate of return on capital:    %                                  Min. 25%
Debt-equity ratio:            %                                  30:70

Market Size
                              Local production: Value/ Tons
                              Local Demand: Value/ Tons
                              Imports: Value/ Tons
Local Market
                              Number of companies working        2
                              in the same field:
                              Main companies working in the      2
                              same field:



Contacts                      Address                            Town / Country
Coordinating entities:
Exclusive Resorts (Pty) Ltd   P.O. Box 2184                      Manzini/Swaziland
(ER)                          Manzini

                              7th Floor, Mbandzeni House
Swaziland Investment          Libandla Street                    Mbabane/Swaziland
Promotion Authority (SIPA)    P.O. Box 4194, Mbabane, H100

Key person:                   ER: Mr. John Carmichael
                              SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:             ER:
                              e-mail: jpc.holdings@swazi.net

                              SIPA: tel – 00268 404 0470/2/3/4
                                    Fax – 00268 404 3374
                              e-mail: vilanez@sipa.org.sz
Web site:                     SIPA: www.sipa.org.sz
MFUMBANENI HATCHERY – POULTRY & EGG PRODUCTION
Project Description
Project:                     Production of Day-Old-Chicks
                             and Eggs
Importance:                  1. Import Substitution
                             2. Improve Industry supply
                             chain
                             3. Providing job opportunities
Investment cost:             Minimum 1.5 million US$
Implementation period:       1 – 2 years
Operational date:            Fully operational by 2010
Works achieved:              Existing hatchery needs
                             rehabilitation.
Location                     Manzini
Project site location:       Mpisi Farm, Swaziland
Location advantages:         20 kms from Manzini on the
                             good paved road that provides
                             smooth access to export
                             markets in South Africa,
                             Mozambique and beyond.

Basic Infrastructure                Infrastructure                 Item Unit/Quantity
                                         Land                 100 hectares
                              Equipment (needs attention)
                                   Breeding houses            3
                                   (needs attention)
                                     Office block             1
                                     Staff houses             10 families
                                  Hatchery building           1

Partners                                  Name                  Percentage/ Participation
                             Local private sector             Negotiable depending on
                                                              form of partnership
                             FDI

Economic Indicators
Payback period:                                               2 years
Breakeven point:
Rate of return on capital:   %                                29.6%
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working      2
                             in the same field:
                             Main companies working in the    1
                             same field:



Contacts                     Address                             Town / Country
Coordinating entities:

Swaziland Investment         7th Floor, Mbandzeni House          Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz




MINERAL EXTRACTION: COAL
Project Description
Project:                     Mining of coal deposits
Importance:                  1. Foreign Exchange
                             2. Swaziland has          large
                             deposits     currently     only
                             partially     exploited      by
                             EmaSwati Colliery at Mpaka
                             and the Maloma Anthracite
                             Mine (the only one currently
                             operating).      Potential for
                             exploitation exists at the
                             dormant Mpaka Mine and at
                             Maloma, Mhlume, Lubhuku
                             and St. Philips.
                             3. Providing job opportunities
Investment cost:             Depending on scale of project
Implementation period:
Operational date:
Works achieved:              Feasibility studies by Shell Coal
                             Swaziland (Pty) (1974-1979) and
                             Swazi Coal Corporation and by
                             the Geological Survey and
                             Mines        Department        of
                             Swaziland prove coal reserves
                             to 600m depth and have
                             identified mineable zones in a
                             band extending from north to
                             south along the coalfield in the
                             east of the country.
Location                     Eastern Swaziland (largely
                             Lubombo Region)
Project site location:       Maloma, Mhlume, Lubhuku
                             and St. Philips
Location advantages:

Basic Infrastructure                   Infrastructure               Item Unit/Quantity
                                            Rail                To major ports
                                         Electricity
                                           Water
                                           Roads                Good

Partners                                  Name                   Percentage/ Participation
                             Government                         Guided by Mining Policy
                             FDI

Economic Indicators
Payback period:
Breakeven point:
Rate of return on capital:   %
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons      300, 000 tonnes
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working        1
                             in the same field:
                             Main companies working in the      1
                             same field:



Contacts                     Address                            Town / Country
Coordinating entities:

Swaziland Investment         7th Floor, Mbandzeni House         Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz
MINERAL EXTRACTION: TALC
Project Description
Project:                     Extraction of talc for industrial
                             and other purposes
Importance:                  1. Foreign Exchange
                             2. In the Forbes Reef area there is
                             an extensive area underlain by
                             talcose schist – it is readily
                             available by the roadside. It is
                             suitable for small scale selective
                             open cast mining.
                             3. Providing job opportunities
Investment cost:             Depending on scale of project
                             Small scale: up to ZAR10 million
                             Medium scale: ZAR10-100 million
                             Large scale: over ZAR100 million
Implementation period:
Operational date:
Works achieved:
Location                     North-western Swaziland
Project site location:       Forbes Reef
Location advantages:         About 20 minutes from main
                             border gate with South Africa and
                             the city centre.

Basic Infrastructure                   Infrastructure                  Item Unit/Quantity
                                         Electricity
                                           Water
                                           Roads                   Excellent

Partners                                   Name                     Percentage/ Participation
                             Government                            Guided by Mining Policy
                             FDI

Economic Indicators
Payback period:
Breakeven point:
Rate of return on capital:   %
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working in        0
                             the same field:
                             Main companies working in the         0
                             same field:
Contacts                     Address                               Town / Country
Coordinating entities:

Swaziland Investment         7th Floor, Mbandzeni House            Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz




MINERAL EXTRACTION: GOLD
Project Description
Project:                     Mining of gold ore.
Importance:                  1. Foreign Exchange
                             2. Providing job opportunities
Investment cost:             Depending on scale of project
                             Small scale: up to ZAR10 million
                             Medium scale: ZAR10-100 million
                             Large scale: over ZAR100 million
Implementation period:
Operational date:
Works achieved:              Gold deposits and occurrences of
                             economic significance are located
                             in the north-western margins of
                             Swaziland. The dormant Daisy
                             Mine was the third most
                             productive deposit after Pigg’s
                             Peak and Forbes Main Reef with
                             593 kg of gold having been
                             recovered from workings which
                             extended over a strike length of
                             700 metres.

                             The northern-most reef that was
                             mined varied between 6.1m to
                             18.3m in width and in situ
                             reserves are estimated at 46,300
                             tonnes of ore with an average
                             grade of 5.4 g/t. Other reserves in
                             the mine tailing dumps have been
                             recorded at about 14,500 tonnes at
                             1.4 g/t and 3,100 tonnes at 3.7 g/t
                             Au. The gold deposit can be
                             mined by open cast methods up
                             to a depth of 40 metres below
                             surface. At depths greater than 40
                             metres, the deposit can be
                             accessed by an incline shaft
                             following the faulting. Deposits
                             of ore in other parts of the country
                             have been calculated at 331,900
                             with an average grade of 5.4 g/t
                             (Wyldsdale Deposit), 1,652,600
                             tonnes with a low grade of 1.3 g/t
                             (Lufafa) and 75,000 tonnes with a
                             grade of 5 g/t (Pigg’s Peak). Other
                             areas have been found to have
                             high grade deposits (Forbes Reef
                             averaging between 34.3 g/t and
                             68.6 g/t) and will benefit from
                             further investigation.
Location                     North-western Swaziland
Project site location:
Location advantages:

Basic Infrastructure                   Infrastructure                   Item Unit/Quantity
                                         Electricity
                                           Water
                                           Roads                    Excellent

Partners                                   Name                      Percentage/ Participation
                             Government                             Guided by Mining Policy
                             FDI

Economic Indicators
Payback period:
Breakeven point:
Rate of return on capital:   %
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working in         0
                             the same field:
                             Main companies working in the          0
                             same field:



Contacts                     Address                                Town / Country
Coordinating entities:
Swaziland Investment         7th Floor, Mbandzeni House          Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz




VEGETABLE PROCESSING PLANT
Project Description
Project:                     Processing of fresh vegetables
                             using IQF technology for export.
Importance:                  1. Foreign Exchange
                             2. Providing job opportunities
                             3. Providing a guaranteed market
                             for local vegetable farmers, who
                             currently lack access to markets.
Investment cost:             US$ 5 – 8 million.
Implementation period:       1 year
Operational date:
Works achieved:              Active vegetable farmer base
                             Small exports into EU
Location                     National
Project site location:
Location advantages:         Four Micro-Climates
                             Good soils
                             Proximity to major hubs

Basic Infrastructure                   Infrastructure                Item Unit/Quantity
                                         Electricity
                                           Water                 Irrigation water
                                           Roads                 Excellent
                                           Land                  Farming and factory

Partners                                   Name                    Percentage/ Participation
                             Local Private Sector                Depending on form of
                                                                 partnership
                             FDI

Economic Indicators
Payback period:                                                  4 years
Breakeven point:
Rate of return on capital:   %                                   With SIPA providing factory,
                                                                 IRR = 29.6%
                                                                 Without SIPA providing a
                                                                 factory, IRR = 20.3%
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working in      3
                             the same field:
                             Main companies working in the       1
                             same field:



Contacts                     Address                             Town / Country
Coordinating entities:

Swaziland Investment         7th Floor, Mbandzeni House          Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz




HORTICULTURE: SICO INVESTMENTS (PTY) LTD, SWAZILAND
Project Description
Project:                     Cultivation and export of cut
                             flowers and foliage to regional
                             and international markets
Importance:                  1. Foreign Exchange
                             2. Providing job opportunities
Investment cost:             US$ 10 – 15 million.
Implementation period:       2- 3 years
Operational date:
Works achieved:                  -   Pre-Feasibility Study
                                 -   Attending flower auctions
                                     in Amsterdam
                                - Land acquired
Location                     North – Western part of
                             Swaziland
Project site location:       LamGabhi
Location advantages:         Four Micro-Climates
                             Good soils
                             Proximity to major airport

Basic Infrastructure                   Infrastructure               Item Unit/Quantity
                                         Electricity
                                           Water                Irrigation water
                                           Roads                Excellent
                                           Land                 20 hectares
                                                                More can be availed

Partners                                   Name                   Percentage/ Participation
                             Local Private Sector               Depending on form of
                                                                partnership
                             FDI

Economic Indicators
Payback period:                                                 4 years
Breakeven point:
Rate of return on capital:   %                                  Needs more assessment
Debt-equity ratio:           %

Market Size
                             Local production: Value/ Tons
                             Local Demand: Value/ Tons
                             Imports: Value/ Tons
Local Market
                             Number of companies working in     3
                             the same field:
                             Main companies working in the      1
                             same field:



Contacts                     Address                            Town / Country
Coordinating entities:

Swaziland Investment         7th Floor, Mbandzeni House         Mbabane/Swaziland
Promotion Authority (SIPA)   Libandla Street
                             P.O. Box 4194, Mbabane, H100

Key person:                  SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:            SIPA: tel – 00268 404 0470/2/3/4
                                   Fax – 00268 404 3374
                             e-mail: vilanez@sipa.org.sz
Web site:                    SIPA: www.sipa.org.sz
STRATEGIC OIL STORAGE
Project Description
Project:                 Developmental of Strategic fuel
                         depots.
Importance:              1. Energy Security
                         2. Providing job opportunities
Investment cost:         +/- US$ 93 million.
Implementation period:   2 years & 4 months
Operational date:        2011
Works achieved:              - Feasibility Study
                             - Demand forecasts
Location                 Southern part of Swaziland
Project site location:   Phuzumoya
Location advantages:         - rail station
                             - some existing tanks
                             - minimal environmental
                                 impact for underground
                                 storage
                             -
                             - Expansion possibilities
                              -   Proximity to major ports

Basic Infrastructure                Infrastructure               Item Unit/Quantity
                                      Electricity
                                        Water
                                        Roads                Excellent
                                        Land                 330, 000 square metres
                                         Rail                Rail sliding on the North
                                                             Eastern part of the site. New
                                                             sliding to be introduced.

Partners                             Name                     Percentage/ Participation
                         Government of Swaziland             PPP structures optional:
                                                             BOOT
                         FDI

Economic Indicators
Payback period:          20 years
Breakeven point:
Net Present Value:       US$50 million
Debt-equity ratio:       %

Market Size
                         Local production: Value/ Tons       none
                         Local Demand: Value/ Tons           US$100 million per year (US$
                                                             to E @ 1US$ = 10)
                         Imports: Value/ Tons                US$100 million per year (US$
                                                             to E @ 1US$ = 10)
Local Market
                                Number of companies working in     3
                                the same field:
                                Main companies working in the      1
                                same field:



Contacts                        Address                            Town / Country
Coordinating entities:
Ministry of Natural Resources
& Energy                        7th Floor, Mbandzeni House         Mbabane/Swaziland
                                Libandla Street
Swaziland Investment            P.O. Box 4194, Mbabane, H100
Promotion Authority (SIPA)

Key person:                     SIPA: Mr. Zizwe Vilane
Tel./Fax: E-mail:               SIPA: tel – 00268 404 0470/2/3/4
                                      Fax – 00268 404 3374
                                e-mail: vilanez@sipa.org.sz
Web site:                       SIPA: www.sipa.org.sz

				
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