SWAZILAND (ESWATINI)
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About Swaziland (Eswatini)
Page Last Updated: 28/05/2024
Eswatini, formerly known as Swaziland, located in Southern Africa, offers a wealth of opportunities for businesses looking to thrive in the region. With its picturesque landscapes and vibrant culture, Eswatini beckons entrepreneurs and investors alike. If your company is considering expansion into Eswatini but requires assistance navigating local regulations, customs, or employment procedures, Africa HR Solutions stands ready to support you in your expansion.
Population: 1.18 M
Gross Domestic Product (GDP): $5.09 B
GDP Growth: 3.7%
Inflation: 3.9%
Foreign Direct Investment (% of GDP): 0.28%
Unemployment Rate: 22.20%
Capital: Mbabane, Lobamba
Currency: Swazi Lilangeni SZL, South African Rand (ZAR)
Languages: Swati, English
Eswatini Payroll at a Glance
Currency
Swazi Lilangeni SZL, South African Rand (ZAR)
Income Tax
0% – 33%
Employer Taxes
N/A
Employee Contribution
N/A
Fiscal Year
April – March
Date Format
yyyy/mm/dd or dd/mm/yyyy
- Eswatini is one of the world’s last remaining absolute monarchies. King Mswati III has ruled since 1986 and holds considerable power over the country’s governance.
- Eswatini is known for its diverse landscapes, including mountains, valleys, and savannas. The country is home to several protected areas, such as Hlane Royal National Park and Mlilwane Wildlife Sanctuary, which showcase its biodiversity.
- Education is free and compulsory for children up to the age of 15 in Eswatini. However, access to quality education remains a challenge in some areas, particularly in rural communities.
- Eswatini has a network of roads connecting its major towns and cities. Public transportation, including buses and minibusses, is widely used for intercity travel.
- Eswatini’s tourism industry is growing, with attractions such as cultural festivals, wildlife reserves, and adventure activities like hiking and mountain biking attracting visitors. The country’s safe and welcoming environment makes it an appealing destination for tourists.
- New Year
- Good Friday
- Easter Monday
- Birthday of King Mswati III
- National Flag Day
- Day Off for National Flag Day
- May Day
- Day off for May Day
- Ascension Day
- Birthday of the late King Sobhuza
- Umhlanga Reed Dance
- Somhlolo Day (Independence Day)
- Christmas Day
- Boxing Day
- Day off for Boxing Day
- Incwala Day
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