ALPHSZ ASSETS UNDER MANAGEMENT WORTH E2.7BN

ZULWINI – Investing is important because it can ensure your financial security in the present and in the future.

AlphSZ Group Assets Under Management (AUM) amounts to E2.7 billion in 2022. This was mentioned by AlphSZ Group Chief Executive Officer (CEO) Thandile Nxumalo, yesterday during AlphSZ and Ebenez evolution indaba at Royal Villas. AlphSZ is short for Alpha Eswatini.SANLAM Investment Management Swaziland Limited (SIM/SD) is now 100 per cent locally owned, as locals completed the acquisition of 65 per cent of the company’s shareholding in August this year, having previously owned 35 per cent. Local investors under AlphSZ Group previously owned 35 per cent of Sanlam Investment Management Swaziland Limited and they now own 100 per cent.

Their investment is safe as the AUM has accumulated to E2.7 billion from E0 in 2011. This depicts an average growth of about E255 million annually.
The AUM includes 60 per cent of Segregated Pure Equity Mandates, 28 per cent Multi-Asset Class Mandates and 12 per cent Treasury Money Mandates.Nxumalo said the projects they were involved in include the contraction of FINCORP Headquarters Building in Mbabane as well as the United Nations Headquarters building.

Involvement

“In terms of the project we have grown, there was zero but after our involvement in the UN and FINCORP projects, we have evolved,” she said.
The group CEO added that the vision was to establish a traditional and non-traditional assets management business remains.She said they had the desire of Sanlam to work with local consortium led by management. “Sanlam not only continues to provide portfolio management and administration services for foreign assets, but continues to be a role model,” she added. Nxumalo also mentioned that the aim was to potentially list at the end of five years like Sanlam, therefore, they want to broaden local shareholder base.

Sifiso Nxumalo, AlphSZ Eswatini Chief Executive Officer (CEO) added that from an operational perspective, there would be practically no changes in the short-term. “AlphSZ will continue to provide the same excellent service that it always has. Sanlam Investments SA will continue to provide portfolio management and administration services for the company on an exclusive basis for the next five years.

Continue

Client statements will, therefore, continue to be generated by Sanlam Investments SA as portfolio manager for foreign assets,” he said. Nxumalo added that throughout this journey, the company has remained a responsible and active corporate citizen. He said they would continue to make meaningful strides toward developing Eswatini’s economy. The Minister of Finance, Neal Rijkenberg, added that assets management was imperative in the country as it contributes to the economy. He said the country needs to be accommodative to attract more investors and grow the economy.
“One of the biggest challenges we have faced is the decline in fiscal deficit, it was 6.5 per cent in 2021 and it is now at 4.5 per cent, the target is 1.5 per cent by the year end,” he said.

The minister added that they had managed to reduce government expenditure in efforts to attract more investors locally. He added that the economy was outperformed in the last two years and that the economy was resilient throughout the COVID-19 period. Rijkenberg added that they had issued more licensing mines in the past months than they have in the past 10 years. “Our economy is looking better but there is more to be fixed,” he said.
Sanlam Group Chairman Elias Masilela also mentioned that there economic challenging that hinders the success of investments. One of the challenges he highlighted was corruption, he said investments have been lost due to unclear processing and transaction happening in between countries and businesses.

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