Mvuselelo Fakudze Elected New President of Business Eswatini

Standard Bank Eswatini Chief Executive Mvuselelo Fakudze has been elected as the new President of Business Eswatini.

Fakudze was elected earlier today during BE’s Annual General Meeting (AGM) held at The Royal Villas.

When accepting the Presidency, Fakudze stated that he was honoured and pleased to have been elected for this crucial role.

“I am extremely honoured to be elected to serve and ensure that I work for the betterment of business in the country. This journey will be characterized by both challenges and massive opportunities, which I believe we will work collectively to exploit.”

Andrew le Roux, the former President noted that it gives him great pleasure to pass the baton to someone as competent as Fakudze.

He further highlighted some of his challenges and achievements, while he was the President.

“My highlight over the past couple of years has undoubtedly been working with the government during the COVID-19 pandemic. I believe how we came out of the pandemic must really be commended. Yes, we suffered personal losses, and businesses were affected, but the country is now on a sustainable growth path, which is thanks to the partnership between the private sector and the government.”

BE Chief Executive Officer Nathi Dlamini noted that the new President and board members have their work cut out for them as the world of business has never been as unpredictable as it is now.

“The world is fast changing and one can hardly keep pace. The complexity of the rules of doing business, in the country and in the region means that one cannot afford to walk alone unaided. More pressure is being brought to bear on businesses by way of endless regulations, which at times threaten to choke the life out of many businesses,” the BE CEO stressed.

Vice President Industrial Relations & Social Policy

Andrew le Roux, CEO Montigny

Vice President Trade & Commerce

Muzi Siyaya CEO, Ubombo Sugar

Ordinary Members

Service Industry

Peter Simelane, Principal Officer SWAZIMED

Lungile Dlamini, CEO Manzini Municipal Council

Transport & Logistics

Miliswa Mamba, MD Siyeswatini Trans Magnific

President Dhlamini, CEO Eswatini Air (RENAC)


Fikile Nkosi, MD, Nedbank Eswatini

Professional Services

Theo Mason, Managing Partner Price Water House Coopers

Anita Jones, Director AM Recruitment Services

Property & Real Estate

Mduduzi Dlamini, CEO Eswatini Housing Board  

Retail & Wholesale                       

Anthony Gerald, Director Logico Unlimited

Philip Mndawe, Acting CEO, Eswatini Standards Authority

Textile, Garment & Apparel    

Tokky Hou       

Information Communications Technology   

Wandile Mtshali, CEO Eswatini MTN Limited

Themba Khumalo CEO Eswatini Posts & Telecommunication Corporation


Muzi Mahlobo, GM CONCO

Zakhele Lukhele, CEO Rhodes Food Group

Motor Industry

Jody Foss, Director, Mbabane Motors


Tinah Mukunda, National Director World Vision

Oil Sector

Nhlanhla Dlamini, Eswatini National Petroleum Company

Hotels, Catering & Tourism

Sindi Simelane


Zinhle Matsebula

Financial Services

Masotja Vilakati, CEO Public Service Pensions Fund

Energy & Water

Sicelo Dlamini, Eswatini Water Services Corporation

Ernest Mkhonta, MD Eswatini Electricity Company

Education & Training

Bongani Motsa, MD Macmillan

Agricultural Production & Agro-Industry

Banele Nyamane, CEO Eswatini Sugar Association

Nick Jackson MD, Royal Eswatini Sugar Corporation

Agency, Insurance & Brokerage

Zama Ngcobo, GM Eswatini Royal Insurance Corporation Mzamo Dlamini

Building, Construction, Engineering & Mining

Thandiwe Hlatshwayo

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