ENPF declares record 10% members’ interest, posts E631.2 mln surplus
By Kwanele Dhladhla
The Eswatini National Provident Fund (ENPF), widely known as Lidlelantfongeni, has reaffirmed its reputation as a pillar of financial stability and ethical stewardship after declaring a record 10 per cent members’ interest for the financial year ended June 30, 2025.
The landmark announcement was made on Monday by ENPF Chairman of the Board, Mduduzi Gina, during a press conference at Summerfield Botanical Gardens in Nokwane.
The declaration was attended by board members E. Nathi Dlamini, Khanyisile Dube-Dlamini, Tum Du Pont, Thuli Mdluli, Dudu Ndzinisa, Maureen Nkambule, and ENPF Chief Executive Officer (CEO) Futhi Tembe.
“We are here to formally declare a matter of great significance that reflects our commitment to transparency, accountability, and ethical governance,” Gina told the gathering.
“As stewards of this Fund, we recognise the importance of maintaining the public’s trust, and it is our duty to ensure that our stakeholders’ interests are safeguarded.”
According to Gina, the Fund’s audited financial statements revealed an operating surplus of E631.2 million for 2025, a remarkable improvement compared to E532.4 million in 2024 and E446.4 million in 2023. “This trajectory of consistent growth speaks volumes about the soundness of our investment strategy and disciplined financial management,” he said.
At the core of this performance is the Fund’s expanding revenue base, which grew to E782.7 million in 2025, up from E682.7 million in 2024 and E595.3 million in 2023. Gina highlighted that cost-conscious operations ensured maximum value for members.
“Our mandate under the SNPF Order is to declare not less than three per cent members’ interest. Today, we proudly declare 10 per cent-well beyond the statutory minimum,” Gina announced.
The 10 per cent payout is the highest in recent years, representing a 14 per cent rise from last year’s 8.65 per cent and far above the 6.5 per cent declared in 2023.
“This milestone proves that it makes financial sense to keep savings within Lidlelantfongeni, as our returns are consistently higher than most alternative investment vehicles,” Gina said.
The ENPF Chairman credited the Fund’s success to strategic leadership and the dedication of its management team. He also extended appreciation to Minister of Labour and Social Security, Phila Buthelezi, for his unwavering support.
Chief Executive Officer (CEO), Futhi Tembe, expanded on the Fund’s winning formula, pointing to solid gains across both local and international markets. “The impressive results were driven by positive stock market performance and excellent returns from strategic investments such as the Industrial Development Corporation of Eswatini (IDCE) and Happy Valley Hotel,” Tembe explained.
She also highlighted the fund’s property portfolio, which performed exceptionally during the year under review. “Our diversification strategy is paying dividends. The property sector continues to deliver reliable growth, enhancing overall returns for our members,” she said.
Board Member E. Nathi Dlamini echoed the Chairman’s sentiments, praising management for their diligence and competence. “These results are extraordinary. They prove that the ENPF remains in safe and capable hands,” he said.
For thousands of workers across Eswatini, the declaration of a 10 per cent members’ interest represents more than just numbers. It is a powerful endorsement of the ENPF’s role as a guardian of their future savings.
“The ENPF belongs to the people. Our job is to ensure that it remains strong, resilient, and aligned with members’ needs. Today’s declaration is not just about financial performance; it is about leaving a legacy of trust, stability, and growth,” Gina reiterated.
