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Unemployment rate declines in Swazi textile sector

20
Mar '12
The number of people searching for jobs in Swaziland's textile and apparel sectors has declined, though the overall unemployment rate prevailing in the country remains quite high.

Textile and apparel companies find it easy to operate in Swaziland due to the availability of skilled workers in the country.

Moreover, the country's textile and apparel industry is also being supported by the Government, in the form of issuing work permits for those who are engaged in the industry.

However, the current wages offered in the textile and apparel sectors in Swaziland are much higher in comparison to those given in Lesotho.

But Swaziland has advantage of availability of human resources that attracts more foreign companies to set up their units in the country.

Already, there is substantial investment in the country's textile and apparel sectors, which, in turn, is contributing to the growth of Swaziland's economy.

Another advantage that Swaziland offers to its investors is the linkage of its currency to the South African Rand.

Fibre2fashion News Desk - India


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