Africa-Press – Eswatini. Long-serving Public Service Pensions Fund (PSPF) Board of Trustees Chairman Sammy Dlamini has retained his position in the new-look Board to serve for another three years.
Dlamini, who was recently caught up in the much-publicised SwaziMed mess where he is also Board Chairperson, has been reappointed to the new Board of Trustees, effective 1 July 2025, by the Minister of Public Service Mabulala Maseko.
Also returning to the Board are Ngwenya Town Board Chairman Phiwayenkhosi Ginindza and Junior Achievement (JA) Eswatini Executive Director, Phetsile Masilela and Bathandwa ‘Treks’ Hlatshwayo.
The Board comprises five employer representatives and five employee representatives, nominated through a transparent and consultative process that ensures broad representation across the public sector.
According to a press statement from PSPF, the appointment of the ten-member Board reflects the Fund’s continued commitment to sound governance, strategic oversight, protection of public servants’ retirement benefits and a broad-based knowledge in support of its objective of Providing An Excellent Memorable Service Experience.
Minister Mabulala Maseko, when bidding farewell to the Board of Trustees back on 13 June 2025, said the Board had served with dignity and attained remarkable achievements during their tenure of service, which he attributed to the members’ unrelenting commitment to excellence.
The Minister said the Board’s excellent term of service had been nothing short of exemplary. He elaborated that it had been a term that was testament to leadership principles and all its attributes.
In the past financial year, PSPF recorded assets worth approximately E37.5 billion, which was a huge growth from E30.294 billion in 2022.
This growth was attributed to the Board and through the Board’s guidance, the Fund had taken bold strides in strengthening its investment portfolio, improving governance and enhancing service delivery to members.
The Minister also highlighted that as a result of the Board’s diligence, the Fund has remained committed to a people-centred stewardship, hence PSPF now has a clearly defined customer service charter, which serves as another key output.
Sammy Dlamini retains Chairmanship of Public Service Pensions Fund (PSPF) Board of Trustees.Newly appointed Board of Trustees with Minister of Public Service Mabulala Maseko, PS Mth
The innovations in systems and structures, from digitised processes to stronger internal controls, reflect a dedication to ensuring that no member of the Fund is lagging behind.
“This applies to every beneficiary, be it a recently retired officer in a rural area, or a widow in town; they are all beneficiaries of the unwavering diligence of the board,” Maseko said.
He also stated that the Ministry of Public Service was proud to have walked the journey with the outgoing Board and further thanked their partnership, insight and unrelenting commitment to excellence.
The Minister also acknowledged that being entrusted with managing the retirement savings of thousands of emaSwati was not just an administrative task, but a sacred duty where the board had served with distinction.
He applauded each board member for the achievements, emphasising that their time, wisdom and sacrifices had not gone unnoticed.
“You have been custodians of a national asset, and your legacy will be written in the comfort, security and peace of mind of thousands of public servants and pensioners.
May the next chapter be as impactful as the one you leave behind,” the Minister remarked back then.
The newly appointed Board of Trustees are:
Employer Representative
Dlamini Vusi
Dlamini Sammy
Hlatshwayo Bathandwa
Ginindza Phiwayinkhosi (Ngwenya Town Board Chairperson)
Masilela Phetsile
Employee Representative
Ndlovu Bawinile
Nxumalo Dominic
Dlamini Hlophe Nokuthula
Msibi Bonginkosi
Zwane Nhlanhla Bheki
Speaking during the inauguration, the Honourable Minister welcomed the new members and expressed appreciation for the opportunity to serve, noting that the work of the Fund is a national responsibility entrusted to the Fund by His Majesty the King.
He emphasised the importance of exercising stewardship with diligence, honesty, confidentiality, professionalism, and a shared commitment to the long-term sustainability of the Fund.
The Board is expected to provide independent oversight and strategic direction in line with the Fund’s fiduciary obligations.
The Minister further highlighted that some Trustees are returning members who bring continuity and institutional memory, and that the work ahead must be grounded in service to the kingdom and to all civil servants, ensuring that the dream of a dignified retirement becomes a reality for all.
The Fund extends its congratulations to the new Board and looks forward to working collaboratively to ensure that the Fund continues to grow responsibly, delivering value to its members and maintaining public confidence.
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