Swaziland inherited its intellectual property rights regime from the colonial era, under which copyrights, patents, and trademarks were somewhat protected under various acts promulgated by the colonial authorities.
Protection of Property Rights The Swazi government recognizes and enforces secured interests in property, both moveable and real.
Local credit facilities may not be utilized for paying dividends.
On August 23,the Swaziland passed The Procurement Act whose aim is to provide regulation and control practice in respect of public procurement. This restriction has not greatly discouraged foreign capital flows into Swaziland in the past, but could increasingly sour the Swazi investment climate as regional competitors build investment regimes more attractive to foreign business.
There are no efforts to restrict foreign participation in industry standards-setting organizations. There is a straightforward process for obtaining foreign currency.
A growing CSR culture in Swaziland is demonstrating potential for more large-scale and high-profile projects as well as public-private partnerships with the U. Other short term capital contributed A number of Swazi businesses do have investments abroad, primarily in South Africa.
The Central Bank, in Julyincreased the deposit reserves requirement for local banks from 2. During the year, the country experienced a number of labor protests.
The court has jurisdiction over the property of a person who has ordinarily resided in or carried on business for 12 months in Swaziland before the lodging of the petition. The average exchange rate in was 8.
In practice, approval is routinely granted when required for genuine investment activity, but bureaucratic delays are common. Settlement of disputes regarding traditionally held land can take years.
The legal system protects and facilitates acquisition and disposition of property. A resident requiring currency other than Swazi Emalangeni E or South African Rands accepted as legal tender with an exchange rate on a par with the Emalangeni for permissible purposes must apply through an authorized dealer, and a resident who acquires foreign currency must sell it to an authorized dealer for local currency within 90 days.
Implementation and enforcement are minimal due to the small number of patent disputes. Corruption is particularly prevalent in government procurement. Strikes did occur periodically throughout the year.
Ministries sometimes consult with selected members of the public and private sector. Investors are not required to disclose proprietary information as part of the regulatory process.
Public enterprises often are responsible for charging levies for supplies imported by private enterprise in which the public enterprise also competes. The Central Bank of Swaziland monitors the flow of foreign investment in and out of the country, as it follows all foreign exchange.
There is a recognized and reliable system of recording such security interests. Swaziland does not have a bilateral copyright agreement with the United States. Such disputes, however, can be transferred to the Western-style court system.
This act governs non-bank financial institutions including capital markets, insurance, retirement fund, building societies, micro-finance institutions and Savings and Credit Co-operatives. These companies offer loans and advances to the public.
There is a high level of overall unemployment, 28 percent, and youth unemployment tops 50 percent. Control over use of Swazi Nation Land is generally delegated to local chiefs.
The updated Companies Act expects companies to lodge annual returns with the Registrar of Companies. The draft law includes protection for pharmaceutical and agricultural chemical products.Thispaper attempts to identify problems caused by industrial development in Swaziland; and identify the impact of industrialization on the environment; ascertain the level of corporate responsibility towards the environment by Plan of the paper The paper is divided into three sections.
Section one focuseson the pollution caused by the. Industrial policy in the Southern African Customs Union Past experiences, future plans INSTITUTE FOR SIDC Swaziland Industrial Development Company this industrial policy process and the scope and potential for forging common policy regimes.
In the second group is Malawi, Swaziland, Zambia and Namibia, where Industrial Relations Act, as amended, excludes workers in the defence forces, health, Multidisciplinary Advisory Team Policy Paper No.
5. Harare. Industrial Policy Ambition Paper for Swaziland Swaziland Industrial Development Policy -An Ambition Paper Submitted to the Southern African Customs Union (SACU) for development of SACU Industrial Policy Framework 1.
Learn about working at National Industrial Development Corporation of Swaziland NIDCS. Join LinkedIn today for free. See who you know at National Industrial Development Corporation of Swaziland.
Preface This publication is the fifth issue in the Policy Paper Series of the ILO Southern African Multidisciplinary Advisory Team (SAMAT). The present paper, entitled Industrial relations in Southern Africa: the challenge of change reflects a survey of the dynamic transformations taking place in the industrial relations systems of Southern Africa, and .Download