Lan­galakhe not yet at PSPF

Sunday Observer - - FRONT PAGE - BY THEMBEKA DLAMINI

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.

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