Times Of Swaziland: LANGALAKHE NEW PSPF CEO

LANGALAKHE NEW PSPF CEO
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BY ZWELAKHE MOAHLOLI on 01/09/2018 18:05:00


MBABANE – Finally, he bows out! That is none other than Cleopas Sipho Dlamini
who had been the Chief Executive Officer of the Public Service Pension Fund
(PSPF) for 16 years. Taking over from him will be property investment and
development expert Langalakhe Percy Dlamini.
Langalakhe’s appointment was announced by the Minister of Public Service Owen
Nxumalo during a press conference held at the organisation’s head office in
Mbabane, yesterday.
Langalakhe is currently the Business Development Manager at the Swaziland
National Provident Fund (SNPF).
When introducing Langalakhe, the minister described him as a business manager
who has developed a strong career background in investment analysis and
financial management.
“Dlamini takes over the reins at PSPF from Cleopas Sipho Dlamini who has
graciously retired. The appointment of the incoming CEO has further received
blessings of Their Majesties,” Nxumalo revealed.
The minister disclosed that the man from Velezizweni, Mankayane, had been
offered a three-year contract, with effect from November 1, 2018.
In a separate interview, the minister was asked if part of Dlamini’s role
would be to solve the impasse between the fund and the Financial Services
Regulatory Authority (FSRA).
The stand-off was caused by the FSRA headed by Sandile Dlamini who instituted an
investigation into the operations of the PSPF. However, Cabinet blocked the
investigations launched by the FSRA.
In his response, Nxumalo said Dlamini had been mandated to do everything
expected of him.
“In fact, that is an internal issue, which he needs to sort with the board.
The board will brief him about that issue. That will depend on if it’s still
there because FSRA was given a directive.
“FSRA was told about government’s position on this matter. If there will be
any problem arising from that issue, he will need to solve it. A resolution was
made. The board was also given a written resolution on the subject,” the
minister added.