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The Construction Industry Council (CIC) and its counterparts have committed to easing the compliance burden on businesses within the sector.
CIC CEO Maqhawe Mnisi acknowledged the significant costs associated with compliance and emphasised the importance of streamlining processes.
“The council is actively collaborating with various partners to develop Memoranda of Understanding (MoUs) that aim to simplify compliance procedures,” said Mnisi.
These partnerships would facilitate smoother operations for businesses and reduce administrative hurdles.
By streamlining processes and fostering collaboration, the CEO highlighted that CIC aimed to create a more conducive environment for businesses to thrive while ensuring adherence to regulatory standards.
This commitment was highlighted during the construction of good compliance practices Indaba at Happy Valley Hotel. It aimed to address the numerous challenges facing the construction sector.
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The event brought together key stakeholders, including the Eswatini National Provident Fund (ENPF), the Eswatini Revenue Service (ERS), the Ministry of Labour, and the Construction Mediation and Arbitration Centre (CMAC), to discuss strategies for enhancing compliance and streamlining processes.
The Indaba focused on various aspects of compliance, including provident fund contributions, tax obligations, labour compliance, and dispute resolution.
ENPF representatives discussed the importance of adhering to the Eswatini National Provident Fund Order of 1974 and ensuring timely contributions.
ERS experts highlighted the tax implications for construction businesses and the need for accurate tax filings.
The Ministry of Labour emphasised the significance of adhering to labour laws and regulations, including minimum wage standards, working hours, and occupational health and safety.
CMAC representatives explored effective dispute resolution mechanisms within the construction sector, aiming to reduce delays and legal costs. CIC Research and Business Development Manager Cathrine Motsa, echoed these sentiments, emphasising the collaborative nature of the Indaba.
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She stressed the need to view compliance as an investment rather than a burden, as it could lead to numerous benefits, including improved project quality, enhanced safety standards, a stronger reputation, reduced disputes, efficient project timelines, and improved labour practices.
“By addressing bottlenecks and streamlining compliance processes, the construction industry can create a more efficient and sustainable environment for businesses,” said Motsa.
