Swazi Observer

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CAPITOL CATERERS INVESTS E7 MILLION IN NEW OFFICES

By NONGCEBO DLAMINI | 2019-07-14

Capitol Caterers Company has invested over E7 million in new offices which include a retail canteen, ration packing warehouse and central distribution kitchen.

Speaking at the opening of the canteen at the King Sobhuza II Avenue in Matsapha yesterday, Group Chairman Giles King said the investment was a result of a growing economy, increased business opportunities and especially the desire to re-invest and expand the Kingdom of Eswatini.

He said Capitol Caterers Eswatini was a fully registered and Swazi based company as all profits and dividends were distributed in the kingdom.

He said this contributed to the company’s financial sustainability and commitment to the kingdom.

“While a minority shareholding is still held by a South African company which helped to start this Eswatini company, the connection is now only to assist with support services and cashflow when required.

This includes specialist services such as staff training, dietetic services etc,” he said.

He added that the company was a major employer of Emaswati and all employees; both management and staff, were Eswatini nationals.

King further mentioned that in 2005, 21 per cent of the company’s shares were given for free to these employees in the form of a staff trust.

He said the purpose of the trust was to empower employees and reward them for their service and commitment to the company.

He also mentioned that the beneficiaries of the Workers Trust received annual dividend pay-outs which further enhance their own and families’ well-being.

“We are proud to work with local businesses in sourcing of all basic requirements and produce; both consumable and non-consumables.

We are inspired by the confidence of the Eswatini people and its economy,” he said.

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