Tibiyo TakaNgwane

Tibiyo Taka Ngwane
Investment company
Industry Investment Management
Founded 1968
Founder King Sobhuza II, the people of Swaziland
Headquarters Kwaluseni, Swaziland
Key people
 Themba Dlamini, Mswati III
Products Publishing
Beverages
Property Development
Hospitality
Agriculture
Mining
Finance
Revenue Increase E218.1m (2012) [1]
Increase E116m (2012) [2]
Total assets Increase E1.39 billion (2012) [3]
Owner King Mswati III in trust for the people of Swaziland
Website http://www.tibiyo.com/Home.html

Tibiyo TakaNgwane, meaning wealth of the nation,[4] is a Swazi sovereign wealth fund which was created through royal charter under the reign of King Sobhuza II in 1968. The company is currently held by King Mswati III in trust for the Swazi nation and is separate from the government.[5]

It was formed by King Sobhuza II at independence in 1968 by Royal Charter to promote and encourage peace and stability, to preserve culture and tradition and to promote a high standard of living for the Swazi Nation through provision of employment.[6] It has stakes in agriculture, property, a printing company, and it is the sole owner of the Swazi Observer.[7] Tibiyo is a shareholder in many companies such as the Royal Swaziland Sugar Corporation (RSSC), Maloma Colliery Limited, Lubombo Sugar, Parmalat Swaziland, Simunye Plaza, Bhuna Mall, Swazi Spar Holdings, Swaziland Beverages, Alexander Forbes, Fincorp, Tibiyo Leisure Resorts trading as Royal Villas and many subsidiaries across the country.[8]

In 2009 a group of Swazi organisations called for Tibiyo TakaNgwane to be converted to a government department that would be open for public scrutiny.[8]

References

  1. ↑ "Tibiyo Taka Ngwane 2012 Annual Report" (PDF).
  2. ↑ "Tibiyo Taka Ngwane 2012 Annual Report" (PDF).
  3. ↑ "Tibiyo Taka Ngwane 2012 Annual Report" (PDF).
  4. ↑ "Swaziland: A tale of two countries". Integrated Regional Information Networks. 28 October 2008. Retrieved 2009-10-21.
  5. ↑ https://www.state.gov/documents/organization/227450.pdf
  6. ↑ Ndlangamandla, Musa (8 August 2009). "Tibiyo shines in Cebu business indaba". The Swazi Observer. Swazi Observer Newspaper Group.
  7. ↑ "Existing Investments". Tibiyo TakaNgwane. Retrieved 2009-10-12.
  8. 1 2 Nkambule, Mfanukhona (25 January 2009). "Civil Society wants Tibiyo open for public scrutiny". Times of Swaziland. Retrieved 2009-10-12.


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