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Eswatini (formerly Swaziland)

Country Code: 748

ISO2 Code: SZ

ISO3 Code: SWZ

Country Economic Snapshot


Eswatini is a landlocked country bordering South Africa and Mozambique, with a population of approximately 1.4 million. The country was renamed in 2018 by King Mswati III, who rules it as an absolute monarch. Eswatini has close economic ties to South Africa, which it depends on for about 85% of its imports and about 60% of exports. It is a member of the Common Monetary Area with Lesotho, Namibia, and South Africa, and its currency, the lilangeni is pegged at the rand, which is also used as legal tender. Manufacturing, particularly including textile manufacture and sugar processing, account for 37% of GDP. About 75% of the population are subsistence farmers, farming on government-owned land. Reuters quoted Finance minister Neal Rijkenberg saying the economy probably contracted by 0.4% in 2018 and would remain under pressure due to slowing rates of foreign investment and a fast-growing wage bill. Nevertheless, the World Bank still has GDP growth at 2.4% in 2018 from 2% in 2017, with a projected 1.3% in 2019. The African Development Bank, which estimated a GDP contraction of 0.5% in 2018, said growth was hampered by weak recovery in raw materials extraction, a slowdown in production and contraction in the services sector. Agriculture has not yet fully recovered from the 2015/16 drought, and mining has declined.


Capital Mbabane
Currency (Name, Abbreviation, Symbol)
Area 17,364 sq km
Type of Government monarchy
Languages English (official, used for government business), siSwati (official)
Natural Resources asbestos, coal, clay, cassiterite, hydropower, forests, small gold and diamond deposits, quarry stone, and talc
Type of Industry coal, wood pulp, sugar, soft drink concentrates, textiles and apparel
Stock Exchange Swaziland Stock Exchange
Stock Exchange Location Mbabane
Stock Exchange Founded 1990
Tax Rate: Corporate 27.5%
Tax Rate: Individual 33%
Natural Resources asbestos, coal, clay, cassiterite, hydropower, forests, small gold and diamond deposits, quarry stone, and talc

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Greystone Partners Ltd Eswatini Stock Exchange 2010-11-00 GREYSTONE Eswatini (formerly Swaziland) Active
Inala Capital Ltd Eswatini Stock Exchange 2019-03-18 INALA Eswatini (formerly Swaziland) Active
Nedbank Eswatini Ltd Eswatini Stock Exchange 1990-00-00 NEDBANK Eswatini (formerly Swaziland) Active
Royal Eswatini Sugar Corporation Ltd (The) Eswatini Stock Exchange 1999-00-00 RSSC Eswatini (formerly Swaziland) Active
Swazi Empowerment Ltd Eswatini Stock Exchange 2004-00-00 SEL Eswatini (formerly Swaziland) Active
Swaziland Property Investments Ltd Eswatini Stock Exchange 1998-05-00 SWAPROP Eswatini (formerly Swaziland) Active
Swazispa Holdings Ltd Eswatini Stock Exchange 1991-02-22 SWAZISPA Eswatini (formerly Swaziland) Active

Top Eswatini (formerly Swaziland) Reports