Teachers To Become Airtime Vendors, ‘Dubai’ Dealers

{The discovery of an investment company owned by SNAT will see teachers becoming airtime vendors (bo yibizemoyeni). }

SNAT, an acronym for the Swaziland National Association of Teachers, is a majority shareholder of a company called SNAT Investments, a business wing of the teachers’ organisation that has remained relatively unknown to members.

The company currently has close to E1 million in its coffers. shareholders SNAT Secretary General Muzi Mhlanga, former President Simon Makhanya and former Chairman of the Board of Trustees Elliot Mkhatshwa are shareholders with one per cent shares each and SNAT owns 97 per cent.

The company was registered in December 2009 by Mhlanga, Mkhatshwa and Makhanya. When questioned about the company’s operations, Mhlanga said the decision to establish it was taken in 2008 by SNAT members.

“Teachers have not been aware of the company, therefore, this is an opportunity to advertise it. The resolution to form the company was passed by SNAT members. It was established because we want to move away from relying on subscriptions. We want SNAT to own businesses so that it can maintain operations. When members retire, they can get retirement benefits or be assisted when they fall sick,” Mhlanga said.

He said they wanted to sell airtime and, possibly, cellphones. He said SNAT was on the verge of sealing a contract with MTN Swaziland for the deal. He said the purpose of establishing SNAT Investments was to make money for the teachers.

Times of swaziland