Representatives adopt the new constitution
June 11 saw the first AGM of Swazi Indigenous Products and was also the occasion for the handover of 100% of the company’s share certificates to its rural suppliers. 38 of the 43 founder Member Groups attended the event at SIP’s Mpaka factory.
After adopting their new constitution, the Member Group representatives received their share certificates from acting Chairperson, Futhi Mdluli. After the ceremony, Executive Director John Pearce explained that the shares could not be bought or sold and if a Member Group ceased to function, its share would revert to the company. As new Member Groups were formed, they would also be receiving shares.
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