By Delisa Magagula
The Ministry of Labour and Social Security has reported a total revenue collection of E16,796,411 under the Student Study Loan Recovery project (SVNET), for the reporting period.
This marks a 7% increase compared to the same period last financial year. SVNet remains the Ministry’s primary revenue collection agency.
The Scholarship Management and Loan Recovery Programme, under the leadership of a top law firm, S.V Mdladla & Associates, once again led in revenue.
This is according to a performance report for the first quarter by the Ministry of Labour and Social Security Portfolio Committee, which was adopted and passed in Parliament a week ago.
In addition to SVNet’s contributions, the Eswatini Royal Insurance Corporation (ESRIC) collected E1,294,267 under the 1% workmen’s compensation levy. The amount represents a 6% increase from the E1,210,448 collected in the previous period.
The Ministry also reported revenue of E981,200 from trade testing activities under the Department of Industrial and Vocational Training (DIVT), up from E743,500 during the same period last year.
This 31% increase is attributed to the rising number of individuals seeking certification in occupational trades such as motor vehicle mechanics, bricklaying, plumbing, carpentry, auto engineering, and electrical work.
Meanwhile, civil servant scholarship recoveries brought in E2,932,042, a significant 43% decrease from the previous year’s E5,142,066.
The decline follows a shift in responsibilities, as SVNet has taken over the management of scholarship recoveries. Consequently, no new intakes were recorded under this item.
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