Ex-MPs launch drone project
By Thokozani Mazibuko
Tintfungo Consortium has launched a project of renting out drones for praying or fertiliser spreading purposes to sugar cane and general farmers.
Tintfungo Consortium is an investment company established and registered by former members of the 11th Parliament.
It was formed after the 2023 general elections, after a group of 24 ex-Members of Parliament (MPs), came together to establish a business company to invest some of their gratuity in wealth creating projects.
The company is registered and operating from Tshaneni office with another satellite office in Manzini.
The shareholders’ meeting was held on Wednesday at Asante Guest House in Manzini. During the meeting, the Board also presented the first drone purchased by the company.
On Wednesday, the company received their first agricultural drone which will take part in the sugar industry and any general farming in need of spraying or fertiliser spreading.
The drones aim to provide a safe and cheaper option compared to using aerial spraying with aeroplanes that are expensive and environmentally unfriendly.
Beside this, members of the consortium are eligible to get soft funding from Tintfungo Consortium to finance their small side business, since it would be difficult for them to access bank loans, given that as ex-politician’s normally struggle to get financing support.
The aim is to create wealth for Tintfungo members as they have been selflessly serving the people in their constituencies as MPs.
“We are proud to introduce this innovation to the kingdom and we look forward to the support of the local farmers currently spending a fortune renting aeroplanes for spraying crops,” said the Chairman of Tintfungo Consortium and former Ndzingeni MP Lutfo Dlamini.
Dlamini mentioned that they are a commercial company rooted in the Tinkhundla philosophy of growing their own economy.
The group boasts of cross cutting expertise from the Board members and the shareholders.
The Board of Directors are as follows;
Lutfo Dlamini – Chairman
Roy Fanaroukis – Vice Chairman
Sibusiso Scorpion Nxumalo – General Manager and Board Secretary.
Sandla Fakudze
Musa Ngcobo
Masimula
Nokucenda Bhujela
