SWAZI EMPOWERMENT LIMITED DECLARES E38.3 MILLION DIVIDEND TO SHAREHOLDERS

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• Swazi Empowerment Limited (SEL) has a 19% stake in MTN Eswatini
• PSPF has a 78.3% equity holding in SEL
• SEL is also listed on the Eswatini Stock Exchange

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Photo Credit: www.insidebiz.co.sz

Ntokozo Nkambule

Swazi Empowerment Limited (SEL) has declared an interim dividend of E38, 295, 000.00 to shareholders (thirty-eight million, two hundred and ninety-five thousand Emalangeni)

Swazi Empowerment Limited is an Eswatini-based investment holding company. The company has a 19% stake in MTN Eswatini and is listed on the Eswatini Stock Exchange (ESE). SEL provides a range of products and services to private, commercial, and corporate companies that range from personal and business checking to savings plans, home banking, and lending options. The personal and business division of SEL caters to checking, savings, mortgage loans, commercial banking services, trust and investment, auto, home, and personal loans.

The Public Service Pensions Fund (PSPF) has a majority stake in SEL, with a 78.3% equity holding, and shares valued at E521 million, according to the Funds’ 2021 Annual Report. The SEL has disclosed that dividends are expected to be paid no later than the 25^th of May 2022. Additionally, the press release issued by the company states that normal and withholding tax will be deducted from dividends paid to local shareholders and non-resident shareholders, respectively, where applicable.

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