PSPF’s E574m properties near completion
MBABANE – The Public Service Pension Fund’s (PSPF) properties worth E570 million in Mbabane near completion.
These properties include the PSPF’s 13 blocks of three-storey buildings where the organisation invested about E124 million.
The other property is the Eswatini Association of Savings and Credit Cooperatives (ESASCCO) building in Mbabane, where PSPF has invested about E450 million.
Converted
The building is currently being converted into a premium office complex. It is expected to be complete by October 2025 and be ready for occupation by January 2026.
The properties were on Monday toured by the Prime Minister (PM), Rusell Mmiso Dlamini. Addressing PSPF staff, Dlamini congratulated the organisation for the work they were doing and challenged the executive and Board of Trustees to ensure that it remained the premier organisation that it was.
Invest
He further encouraged the institution to invest more in the country, applauding the institution for having at least 45 per cent local investments.
It is worth noting that the fund’s strategic objective is to reach 50 per cent target in Eswatini investment to increase economic growth and development.
He further invited the institution to be part of an Investment Indaba that is being spearheaded by the Ministry of Commerce, Industry and Trade, where businesses will invest over E1 billion in new and innovative initiatives that are being targeted.
He then urged PSPF to consider partnerships and possible investments in the areas of aviation, rail, energy and mining.