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LANGALAKHE NEW PSPF CEO

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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.

 

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