MBABANE:Musa Hlatshwayo, the Investment Director of the Public Service Pensions Fund(PSPF) has urged all civil servants to reject the proposed conversion of the Eswatini National Provident Fund(ENPF) into a National Pension Fund.
Addressing stakeholders including trade union leaders at the Hilton Hotel-Mbabane on Thursday, the Investment Director announced that, the Pensions Fund has accumulated R37billion asserts and yet to make more investments that will improve the lives of retired civil servants. He said PSPF surpassed a 30% target of its domestic investment portfolio, currently standing at 44% and set to reach a new target of 50%.
The Investment Director said as the Management, they normally debate vigorously before approving investments and sometimes fail to reach a consensus because they prioritize the safety of public funds by reducing investment risks.
PSPF Investment Director Musa Hlatswayo(pic:supplied).