NOKWANE – The Eswatini National Provident Fund (ENPF), also known as Lidlelantfongeni, has announced a record 10 per cent members’ interest for the financial year ended June 30, 2025.
Chairman of the Board, Mduduzi Gina, officially declared the achievement during a press conference held at Summerfield Botanical Gardens in Nokwane yesterday.
Present were Board members, namely Nathi Dlamini, Khanyisile Dlamini, Tum du Pont, Thuli Mdluli, Dudu Ndzinisa, Maureen Nkambule and ENPF CEO Futhie Tembe.
“We are here to address and formally declare a matter of significance that reflects our commitment to transparency, accountability and ethical governance. As stewards of this fund, we recognise the importance of maintaining the public’s trust and it is our duty to ensure that our stakeholders’ interests are protected,” said Gina.
“The ENPF’s audited financial statements revealed an operating surplus of E631.2 million for 2025 – a sharp rise compared to E532.4 million in 2024 and E446.4 million in 2023. This upward trajectory paints a picture of consistent growth and sound investment strategies,” Gina said.
At the heart of this performance lies the fund’s revenue growth, which increased to E782.7 million in 2025, compared to E682.7 million in 2024 and E595.3 million in 2023. Gina credited the fund’s excellent investment strategy and disciplined financial management for this sustained growth.
“The fund, being conscious of costs, has been able to contain expenditure to ensure maximum benefit for members. Our obligation under the SNPF Order is to declare not less than three per cent members’ interest. This year, we are proud to have far surpassed that mandate,” Gina said.
The declaration of 10 per cent members’ interest marks the highest payout in recent years, representing a 14 per cent increase from last year’s 8.65 per cent and significantly higher than the 6.5 per cent declared in 2023. “As the current Board, we are pleased to declare members’ interest of 10 per cent for the period 2024/2025,” Gina announced.
“This milestone demonstrates our resolve to ensure good stewardship for members’ financial interests.” Gina added that this demonstrates that it makes financial sense to keep the members’ savings within Lidlelantfongeni as the dividends are reasonably much higher compared to other financial vehicles offer.
“We are grateful as the Board for the support and guidance of our Minister for Labour and Social Security, Phila Buthelezi. We also commend the CEO and her team for the hard work, dedication and spirit of excellence as they dis[1]charge their duties.
We will continue to support them and to encourage them.” ENPF Chief Executive Officer, Tembe, provided further insights into the drivers of this performance, pointing to strong gains in both local and international markets.
“The impressive results were also influenced by a strong positive performance in the stock markets. We particularly saw excellent returns from investments in the Industrial Development Corporation of Eswatini (IDCE) and Happy Valley Hotel, among other strategic holdings.”
She also highlighted the fund’s property portfolio, which delivered exceptional results during the year under review. “The property investments continue to provide reliable growth and have boosted our overall performance.
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