Pigg’s Peak – As long as it is agriculture, it is close to Eswatini Bank’s hearts.
This were the words of Eswatini Bank Managing Director Nozizwe Mulela during the financial institution’s customer networking session at Pigg’s Peak Hotel. Mulela said the bank has a rich history of working with agricultural businesses from sugar cane farming, piggery, crop and vegetable production and broiler farming among others.
“We want to partner with Pigg’s Peak businesses and advices you (businesses) to partner with Eswatini Bank. It becomes easy for the bank to help out your business when it banks with us,” Mulela said.
Pigg’s Peak’s biggest economic activity is forestry with three main sawmills, Millsite, Rocklands Mill and Eswatini Plantations. These companies are active in the planting, harvesting, processing and sale of timber and timber related products.
Peak Timbers supplies hardwood saw logs; mining timber logs; pulpwood; untreated transmission pole logs; and untreated building and fencing pole logs.
Speaking on behalf of the Pigg’s Peak Town Council Chief Executive Officer Mzwandile Ndzinisa, Clement Dlamini said as a council they were already in partnership with Eswatini Bank to drive the town’s vision of being a vibrant economic hub, transforming the northern Hhohho region to a preferred tourist destination.
Dlamini added that the town was moving away from the traditional electricity which escalates with each passing year hence they are introducing solar street lights. He revealed that the valuation of the town in 2019 revealed that it is worth 851 million and is expected to surpass the E1 billion mark in this year’s general valuation.
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