Listed Securities
ISIN: SZE000331064
ESE Ticker: FNBE
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Founded: 1838 |
Listed: 5th December, 2023
Year end: June 2024
BANKING | ESWATINI
FNB Eswatini is a full-service corporate, commercial, and retail bank in Eswatini. The Company’s business activities can be divided into four key pillars: transactional banking; lending; insurance, and savings and investment. FNB Eswatini is one of Eswatini’s largest financial institutions with a long history, having operated in Eswatini under the FNB brand since 1995. FNB Eswatini is the most profitable and return generative bank in Eswatini with 37% share of the total profits of the Eswatini banking sector, using innovation and technology to create solutions for its customers. Through an increasingly technology-focused approach, FNB Eswatini aims to modernise its offering to meet increasing expectations on quality customer experience and ultimately grow its customer base in Eswatini.""
ISIN: SZE000331023
ESE Ticker: GRYS
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Founded: 2009 |
Listed: 1st November, 2010
Year end: March
INVESTMENT | ESWATINI
Greystone Partners is an investment holding company with interests in private equity investments with a portfolio mostly made up of privately-owned businesses operating in different market sectors. Greystone Partners raised E85 million through various local pension funds and institutions with a mandate to invest in mostly privately held companies in the Common Monetary Area. It appointed African Alliance Swaziland Limited, a subsidiary of the African Alliance Group of Companies, to manage its investment portfolio. The latter has extensive experience in fund raising, structuring, executing and managing private equity transactions."
ISIN: SZE000331049
ESE Ticker: INALA
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Founded: 2017 |
Listed: 1st January, 2019
Year end: September
SPECIAL PURPOSE ACQUISITION COMPANY | ESWATINI
The main purpose of Inala Capital Limited ('Inala') is to create a formal investment vehicle, which is listed on the Eswatini Stock Exchange ('ESE') that will provide investors with attractive long-term returns. Inala will invest primarily in a diversified portfolio of unlisted privately owned businesses (as opposed to being listed or traded on a stock exchange, i.e. the private equity asset class) in the agriculture, food production and food retailing sectors. Inala formally started trading on the Eswatini Stock Exchange on 3 June 2019."
ISIN: SZ0005797904
ESE Ticker: NED
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Founded: 1882 |
Listed: 1st January, 1990
Year end: December
BANKING | ESWATINI
Nedbank Eswatini Limited is a leading financial services group in Eswatini offering products and services for the private, commercial and corporate market. It is a subsidiary of the Nedbank Group of South Africa and was established in Swaziland following Nedbank?s acquisition of Standard Chartered Banks local majority shareholding in 1997. Nedbank (Swaziland) Limited?s product and service offering ranges from current accounts, savings and fixed and term deposits to mortgage and trade finance. The loan division offers assistance for personal, micro, home, vehicle and SME business loans. The company also provides franchising and specialised financing, as well as letters of credit and performance guarantees. Its headquarters are in Mbabane, Eswatini."
ISIN: SZE000331056
ESE Ticker: NPC
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Founded: 2007 |
Listed: 9th November, 2023
Year end: June
MANUFACTURING | ESWATINI
Nkonyeni Pre-cast is a manufacturer and distributor of bricks, blocks, pavers, retainer blocks, cobblestones, and roof tiles. NPC currently supplies the retail, construction, and domestic markets in Eswatini and South Africa.
ISIN: SZ0005797920
ESE Ticker: RSC
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Founded: 1973 |
Listed: 1st January, 1992
Year end: March
FOOD, ETHANOL, MOLASSES | ESWATINI
Royal Eswatini Sugar Corporation (RSSC) Limited is the largest company in Swaziland with interests in sugar cane farming and manufacturing refined sugar products and ethanol for regional consumption and import to the rest of Africa and Europe. RSSC produces beverage-grade ethanol that is used in alcoholic beverages as well as pharmaceuticals and water treatment products. The company produces feints used to manufacture methylated spirits and bio gels. It also produces compressed molasses stillage used to produce liquid fertilisers. RSSC manages approximately 15 600 hectares of irrigated sugar cane on two estates leased from the Eswatini Nation and manages an additional 5 000 hectares of half of third parties. It has capacity to produce 2.3 million tonnes of cane per season and about 430 000 tonnes of raw sugar per season. RSSC is a subsidiary of Tibiyo Taka Ngwane with headquarters in Simunye, Eswatini.
ISIN: SZE000331031
ESE Ticker: SBC
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Founded: 2011 |
Listed: 10th February, 2014
Year end: December
INVESTMENT | ESWATINI
SBC Limited is an investment holding company offering retail financial services through its subsidiaries. SBC is the majority shareholder (94.5%) in Select Limited, a company that offers microfinance products and services mainly to civil servants in Eswatini. Select offers financial assistance to the none- or underbanked population of Eswatini; offering unsecured credit to employed individuals who are unable to access finance through traditional banking channels. Select operates through five branches located in the main cities. SBC also has shareholding interests in Lesana Lesotho Limpopo (Lesana), a micro finance company in Lesotho.""
ISIN: SZE000331015
ESE Ticker: SEL
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Founded: 1998 |
Listed: 1st June, 2004
Year end: March
INVESTMENT | ESWATINI
Swazi Empowerment Limited (SEL) is an investment holding company engaged in financial intermediation. The company offers a range of products and services to private, commercial and corporate companies that range from personal and business checking to savings plans, home banking and lending options. The personal and business division of Swazi Empowerment Limited caters for checking, savings, mortgage loans, commercial banking services, trust and investment, auto, home and personal loans. Swazi Empowerment Limited has a 19% stake in the telecommunication entity, Swazi MTN Limited. It is a subsidiary of the Public Services Pensions Fund with headquarters in Mbabane, Eswatini.
ISIN: SZ0005797946
ESE Ticker: SWP
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Founded: 1996 |
Listed: 1st January, 1999
Year end: June
PROPERTY | ESWATINI
Swaziland Property Investment Limited (SWAPROP) is a property investment holding company which derives its income from interest on loans with its subsidiary companies and interest on investment accounts. Wholly-owned subsidiaries linked to SWAPROP include Plaza Park Limited, The Hub Limited, Tincwadzi Properties Limited, Nhlangano Mall Properties and Elwandle Properties Limited. The subsidiary companies own their own properties and generate income from property rentals and related revenue sources. SWAPROP also has interests in legal entities which pool securities and other assets on behalf of shareholders, unitholders and beneficiaries.""
ESW Investment Group Limited
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Founded: 2020
ESW Investment Group Limited is an Eswatini-based investment management firm licensed and regulated by the FSRA. ESW Investment group invests across diverse asset classes with a key focus on alternative investments.
Eswatini Development Finance Corporation (FINCORP)
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Founded: 1995
Eswatini Development Finance Corporation (FINCORP) was launched by His Majesty King Mswati III in November 1995, with the main objective of economically developing Emaswati through the provision of accessible financial services. FINCORP is a registered private corporate with two shareholders namely, The Government of Eswatini and Tibiyo Taka Ngwane with shares of 80% & 20% respectively. FINCORP continues to fulfil its mandate as commissioned by His Majesty King, which is to empower Eswatini citizens through provision of meaningful access to credit, job creation and poverty alleviation. FINCORP has, to date, provided access to financial services to thousands of Small and Medium Enterprises and individuals across all economic sectors which make a meaningful contribution to economic growth. Entrepreneurs both in Nation Land (NL) and Title Deed Land (TDL) continue to receive financial assistance to start-up new businesses and expand existing ones. A significant proportion of FINCORP’s loan book represents agribusiness activities mostly situated in rural areas. Statistics have shown that the agricultural sector offers enormous job opportunities to the general population throughout the country. Other major sectors include trucking & haulage, forestry, and general business covering trade, retail, manufacturing, construction and services.
Government of Eswatini
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Founded: 1974
The Government issues bonds to raise money needed to meet longer term budgetary needs and also in order to develop the domestic capital market as they provide additional investment avenues for both institutional and individual investors as well. These securities are also used as a reference for pricing or benchmarking by institutions who want to raise funds in the market for capital expansion. These are long-term debt instruments with tenures of 3, 5, 7 and 10-years, considered to have the relatively lower risk within the domestic market and are issued by the Central Bank of Eswatini on behalf of the Government of Eswatini. Bonds are issued at either a discount, par or premium to their face value meaning that an investor may pay less, equal or more than the par or face value and at maturity receives the par-amount if the bond is held to maturity. These instruments can be sold before their maturity date on the secondary market and the sale can result in either a capital gain or loss depending on where the yields are at the point of sale. If the market yield is the same as the purchase yield there is no loss or gain, if the market yield is below the purchase yield there is a capital gain and the opposite is true for a market yield above the purchase yield. With the existing government bonds the coupon or interest is paid semi-annually irrespective of whether it is a fixed or floating coupon rate.
Nkonyeni Precast
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Founded: 2007
Nkonyeni Pre-cast is a manufacturer and distributor of bricks, blocks, pavers, retainer blocks, cobblestones, and roof tiles. NPC currently supplies the retail, construction, and domestic markets in Eswatini and South Africa. NPC is a diversified Holding Company.
SBC Limited
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Founded: 2011
SBC Limited is an investment holding company offering retail financial services through its subsidiaries. SBC is the majority shareholder (94.5%) in Select Limited, a company that offers microfinance products and services mainly to civil servants in Swaziland. Select offers financial assistance to the none- or underbanked population of Swaziland; offering unsecured credit to employed individuals who are unable to access finance through traditional banking channels. Select operates through five branches located in the main cities. SBC also has shareholding interests in Lesana Lesotho Limpopo (Lesana), a micro finance company in Lesotho. SBC Limited is listed on the Eswatini Stock Exchange
Select Management Services
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Founded: 1999
Select Management Services was established in Eswatini in 1999 and has grown to become the dominant micro lender in the market, by both brand and market share. Select has 5 branch offices in Eswatini, namely, Manzini, Mbabane, Nhlangano, Piggs Peak and Siteki. Select offers a full suite of retail credit financial products in Eswatini. The target market is salaried employees in the lower to middle income section of the employed market. Additional benefits such as credit life insurance and funeral cover insurance are included as part of the credit facility, as a means of socially enhancing the credit product. Select is working to leverage its dominant position in the Eswatini market to become a broad-based provider of retail financial services. In 2008 an independent survey of the Eswatini operations revealed that 38% of Select’s loans were being used for housing linked purposes; comprising items such as roof repairs, plastering, painting, extensions and even construction of new homes on a room-by-room basis. It is this fact which sparked a more focused approach from Select in Eswatini to create a housing product that would add value to the end user beyond the extension of credit. Select first successfully offered its Housing Microfinance loan product in Eswatini in 2009.