By Siphesihle Dlamini
EswatiniMed has officially announced the election of its new board of directors, marking a
pivotal moment in the organization’s governance and strategic direction.
The newly elected board comprises distinguished members from various sectors, including
Sibongile Ndlela from Manzini City Council, Dr Jonathan Dlamini from CONGO, Treasure
Diamini from the University of Eswatini, and John Sibandze from EWADE.
The announcement was made during EswatiniMed’s Annual Shareholders’ Meeting, held at the
Hilton Garden Inn on Wednesday. The meeting served as a platform for stakeholders to engage
in discussions about the organization’s future and to vote on the new board members.
The election process was characterized by transparency and active participation.
Chairman Sammy Dlamini expressed heartfelt gratitude to all members, stakeholders, and the
public for their ongoing support and engagement in EswatiniMed’s affairs.
“We also acknowledge the success of our recently concluded Annual General Meeting (AGM), which
provided a constructive platform for engagement and reaffirmed our collective commitment to
strengthening the Fund,” he stated.
RELATED: GOVT WEIGHS-IN ON ESWATINIMED DEBACLE
In his address, Dlamini provided an update on EswatiniMed’s stability, transparency, and solid
financial position, emphasizing the organization’s dedication to sound governance, effective
leadership, and prudent financial management.
“This briefing serves to reassure our members and stakeholders that we are committed to maintaining confidence in our operations,” he said.
Recent challenges within the organization have led to a temporary division among the Board of
Trustees, resulting in conflicting statements that raised concern among members.
However, Dlamini assured stakeholders that unity has been restored, and the leadership is now fully
aligned in moving forward. “We appeal for calm, reconciliation, and unity of purpose.
Cooperation at all levels is essential to ensure the continued provision of quality healthcare to
our members,” he urged.
EswatiniMed remains steadfast in its commitment to sound management and strict adherence to
corporate governance standards.
The organization is dedicated to compliance with all applicable laws and regulations, as outlined in its constitutional documents.
Dlamini emphasized that the Board of Trustees will implement mechanisms to foster organizational unity and constructive
RELATED: Eswatini Bank cries foul after SwaziMed suspends employees’ medical aid
engagement in addressing challenges. “Our higher calling is to act with loyalty, prudence, and
dedication to EswatiniMed’s mission,” he stated.
The chairman also expressed gratitude to members, stakeholders, and the public for their
patience, support, and constructive advice during the recent period of uncertainty.
Valuable lessons have been learned, and these insights will guide the organization in strengthening its
governance and operational efficiency moving forward.
“EswatiniMed reiterates its strong financial position,” he revealed, addressing concerns regarding the Fund’s reserves.
A significant point of discussion was the E300 million investment in Ezulwini Private Hospital,
which Dlamini clarified was a strategic decision aimed at enhancing healthcare accessibility
while reinforcing the Fund’s asset base. This investment has not only reduced costly medical
transfers abroad but has also diversified EswatiniMed’s revenue streams.
“Our financial liquidity remains robust, with a reserve’s ratio of 27 per cent, exceeding both
Eswatini’s regulatory requirement of 20 per cent and South Africa’s 25 per cent.
This demonstrates our financial strength and long-term sustainability,” he added. Dlamini provided a
detailed overview of EswatiniMed’s cash and cash equivalents, highlighting investments across
various financial institutions.
EswatiniMed’s stands with E115,234,705 strategically placed across key institutions. African
Alliance holds E5,834,490, while Salam Investment adds E1,610,758.
The Stanlib Income Fund leads with E57,707,202, supported by E5,802,500 in the Standard Bank Managed Unit.
Nedbank’s Fixed Deposit secures E5,036,197, Swaziland Building Society contributes
E6,202,179, and EswatiniBank holds E31,417,224. First National Bank completes the picture
with E1,624,155.
“We assure our members and stakeholders that EswatiniMed continues to operate efficiently and
effectively, prioritizing their healthcare needs and long-term security,” he affirmed. According to
Dlamini, the successful conclusion of the Annual General Meeting is further evidence that,
despite past challenges,
EswatiniMed has returned to normalcy and continues to strengthen its governance and operational processes. He assured members that all scheduled meetings,
including quarterly operational meetings, would proceed as planned positively and
constructively.
As a trusted institution, EswatiniMed remains committed to upholding the highest standards of
corporate governance, transparency, and financial accountability.
The organization has maintained a track record of clean audits since its inception, which is a testament to its
commitment to responsible management. “The Board of Trustees assures our valued members,
business associates, and the public that EswatiniMed’s operations remain fully functional and
uninterrupted.
Our primary focus remains the provision of quality healthcare solutions with
efficiency, professionalism, and care,” Dlamini stated.
