Home Lifestyle Royalties budget now ready – Ministry of Commerce
Lifestyle

Royalties budget now ready – Ministry of Commerce

Share
Minister for Commerce, Industry and Trade, Manqoba Khumalo. (Pic: X/Eswatini Government)
Share

MBABANE – The funds allocated for royalty payments are now available. This was disclosed by the Minister for Commerce, Industry and Trade, Manqoba Khumalo, during a parliamentary session held on Monday.

Khumalo made the announcement while providing an update on the progress of compiling royalties. He commended the intellectual property office for its diligent efforts on this initiative. “We would like to recognise the intellectual property office. They have worked tirelessly to accelerate the royalties process. We are now at a stage where we have the budget to commence royalty payments. However, the system for disbursing these payments still needs to be implemented. This system will also determine how much artists will receive,” Khumalo stated. He further indicated that disbursement could begin this year if all plans proceed smoothly. “The office has now established how payments will be made through broadcasting platforms such as radio, television and digital media.

We hope that next year, the funding will be sufficient to sustain this project. We aim for official disbursements to commence this year; even if initial payments are modest, we are determined to see the process unfold as intended.

We are grateful for the support from the Ministry of Sports, Culture and Youth Affairs, which has helped us advance this project. We also wish to recognise the Ministry of Information, Communication and Technology, for their significant contribution,” he said.

Last week, the Executive Director of the Eswatini Copyright and Neighbouring Rights Society (ESWACOS), Mmeli Hlanze, stated that royalties would be paid annually, as monthly payments are deemed unfeasible. He revealed this during an interview with this publication, enquiring whether the country would implement a reliable tracking mechanism.

Hlanze explained that a tracking tool is already being piloted but emphasised that monthly royalty payments are unlikely. “We do not see broadcasters being able to pay monthly.

I am not speaking on their behalf, but I believe it is unlikely. Most Collective Management Organisations (CMOs) pay annually. The process of disbursing royalties is lengthy and requires detailed analytics,” he explained.

He also noted that research has been conducted into suitable broadcast monitoring tools.

Full article available in our paper.

Executive Director of ESWACOS, Mmeli Hlanze. (Pic: Music in Africa)
Executive Director of ESWACOS, Mmeli Hlanze. (Pic: Music in Africa)

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

‘Cat’ Matlala ID saga: Home Affairs official dismissed

MBABANE – Nonhlanhla Malambe, the Home Affairs official found guilty over the issuance of Eswatini national documents to Vusimuzi ‘Cat’ Matlala, has been...

 MaMkhize absent as Eswatini team suffer 2nd  defeat

NHLANGANO – Mbabane Highlanders AM suffered another painful defeat without President Shauwn ‘MaMkhize’ Mkhize in the stands, as Nsingizini Hotspurs edged them 1-0...

Ex-magistrate, another allegedly disobey court orders

MBABANE – Jail time has been sought for former Magistrate Dumisani Magagula and an individual with whom he is alleged to have disobeyed...

10-litre container of drugs allegedly found with clinic guard

VUVULANE – Community members reportedly recovered a 10-litre container of medication from a security guard at Vuvulane Rural Clinic, raising concerns of theft....

Indlovukazi arrives in UAE for official visit

Her Majesty Indlovukazi has arrived safely in the United Arab Emirates (UAE) where she is on an official visit. Her Majesty arrived around...

Related Articles

Nosipho Tembe: Canvas of confidence!

Ourcover star today is Nosipho Tembe, known to her clients as ‘Mavesh’,...

Melisizwe Zwane crowned best conductor at Ntjilo-Ntjilo

MBABANE- His Majesty’ Correctional Services Choir conductor Melisizwe Zwane  bags E5 000...

MTN Bushfire early bird tickets sell out in 30 minutes

MBABANE - Early bird and Phase One tickets for the MTN Bushfire...

Manana performs with Cynthia Erivo at Hollywood Bowl

MBABANE – Eswatini music taken to the global stage! Eswatini-born singer, songwriter...