What do we invest in?
Over the past five years we have taken great strides towards investing at least 30% of our assets locally, per the requirements of the Retirements and Insurance Funds Act of 2005. In 2008 our compliance rate was 31% of our investments, 33% in 2009, 34% in 2010, 39% in 2011, 40% in 2012 and 42% in 2013.
Just like all other years the most important function of the Board as regards ensuring that the Fund declares annual members’ interest that is above the threshold of 3% as set by the Swaziland National Provident Fund Order No.23 of 1974 has not been forgotten. As we have done over the past four years the percentages declared continue to be higher than all other interests in the financial industry. For the year under review we were able to declare a member interest of 8.5%.