Africa-Press – Seychelles. The Seychelles Pension Fund is very satisfied with its 2024 performance, chief executive Nisreen Abdul-Majid said yesterday.
During a press conference held yesterday morning at the Ministry of Finance, National Planning and Trade headquarters, Liberty House, she noted that total assets grew by over 6 percent , increasing from R4.33 billion in 2023 to R4.61 billion in 2024, driven by strategic and diversified investment allocations across asset classes.
The Members’ Fund recorded a strong 10 percent growth, rising from R1.97 billion to R2.17 billion, further reinforcing the fund’s long-term sustainability.
Contributions continued on an upward trajectory, with mandatory contributions increasing by 8.4 percent (R62.5 million), and voluntary contributions rising by 7.9 percent (R2.9 million).
From an operational perspective, it succeeded at making a surplus of R94 million in 2024, compared to R90 million in 2023.
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