Langalakhe not yet at PSPF
Two weeks i nto November, incoming Public Service Pensions Fund (PSPF) Chief Executive Officer Langalakhe Dlamini is still with his old employer.
Langalakhe was sought seeing as he was still working at the Eswatini National Provident Fund (SNPF) this past week, whereas he was reported to be taking over from former CEO Senator Cleopas Dlamini who retired.
Cleopas was recently appointed senator for the next five years by His Majesty King Mswati III. Before that, his contract was said to have been extended to January 2019. During the press conference held on the last day of August, in what could be said to have been former Minister of Public Service Owen Nxumalo’s last press briefing before the dissolution of the Sigejana Cabinet which went home on September 4; the now senator was announced to be leaving the pension fund with Langalakhe expected to take his place November 1.
This did not happen though as the Business Development Manager at ENPF said he was still wrapping up some issues before leaving; “I had to finish certain things at ENPF.
One didn’t want to leave without finishing everything.”
When asked who was acting in his position at the PSPF, he said Feli Mabuza was the incumbent as he prepared to join the company on a three-year contract.
During the press briefing, Langalakhe was said to be business manager who developed a strong career background in investment analysis and financial management.
He will take over the company with assets worth over E22 billion which include investments in farming, forestry as well as the hospitality industry through the Hilton Garden Inn.
During his introduction, Langalakhe said he was inspired to be part of a team working towards taking the institution to greater heights. His reasons for applying for the post were that he envisioned the company to have national interest at heart. He said his concerns were on the macro level of the economy which includes changing the country through creating job opportunities. He said he was also impressed by the fact that the institution’s books of finances were healthy as this showed that it would not collapse at any time. He previously worked at the SRIC and KPMG.
Incoming PSPF CEO Langalakhe Dlamini.