What can be seen as a resounding affirmation of the Public Service Pension Fund’s (PSPF) commitment to national development,
the Minister of Public Service lauded the fund’s substantial investments within the country, emphasizing the patriotic duty of investing in Eswatini’s future.
“With an impressive 44 percent of its portfolio allocated domestically far surpassing the mandated 30 percent, the PSPF is setting a commendable standard for national investment,”
the Minister of Public Service Mabulala Maseko told the Senate Portfolio Committee chaired by Senator Lizzie Nkosi on Monday in Parliament.
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The Minister revealed that the PSPF currently manages assets worth E35 billion, all of which are strategically invested throughout Eswatini.
“This is not just a financial strategy; it’s a commitment to our nation’s growth and prosperity. When we invest in our home, we lay the groundwork for a sustainable future,” the Minister stated, highlighting the fund’s growing contributions to the local economy.
The Minister expressed optimism regarding the trajectory of these investments, noting that the PSPF’s portfolio has shown consistent growth every quarter.
“It is encouraging to learn that our efforts are yielding positive outcomes. The growth we are witnessing is a clear indication that the PSPF is making a significant impact,” he added.
It should be noted that the article’s central message resonates with a growing sentiment among citizens regarding the importance of investing locally.
By prioritizing domestic investments, the PSPF not only strengthens Eswatini’s economy but also supports local businesses, which are vital for job creation and community development.
The Minister reaffirmed the government’s commitment to fostering an enabling environment for local investment. “We are dedicated to supporting entities like the PSPF in their patriotic mission.
Together, we can build a robust economy that serves the interests of all Eswatini citizens,” he emphasized.
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It is worth mentioning that as the country continues to navigate economic challenges posed by both global and local factors, the role of the PSPF remains crucial.
The sustained investment in national projects will undoubtedly contribute to enhancing the quality of life for many Eswatini residents while also providing security for public sector employees’ futures.
In conclusion, the continued success and patriotic investment strategies of the PSPF are not just a story of financial growth; they are a testament to the resilience and commitment of Eswatini’s institutions towards a prosperous future for the nation.