African Alliance CEO Nelisiwe Mabuza


MBABANE: The AA Ligcebesha Fund is an authentically Eswatini solution that offers investors exposure to several listed instruments on the Eswatini Stock Exchange. The AA Ligcebesha Fund holdings
include local equities, local government and corporate bonds as well as highly liquid short-term money market instruments to provide investors with a well-diversified balanced portfolio, generating returns on a reduced risk basis During the fund’s recent relaunch, African Alliance Asset Management General Manager Victor Langa said, “The fund is ideally suited and tailored for pension and provident funds who want to invest in assets domiciled in Eswatini and those that are looking to rebalance their portfolio in order to comply with the 50 per cent local asset allocation requirements.” He further stated that AA is in a good position through the Ligcebesha Fund to find a home for new money. AA CEO Nelisiwe Mabuza added that the AA strives to identify new opportunities as they build a brand from scratch. “The abrupt growth is quite extraordinary given the fact that the fund mass was only worth SZL 134 million in September 2015”, she said. So far, Ligcebesha Fund has delivered returns averaging inflation
plus seven per cent over the past five years, breaking the convention that offshore placements are better than
domestic investments. She further urged Emaswati to look to Ligcebesha Fund as it provides access to industrialized assets. Also, AA Partner Sithofeni Ginindza implored locals to change their mindsets, describing this is the
biggest step towards achieving first world status. “There are numerous opportunities in the Eswatini economy and the Ligcebesha Fund has made it even easier for the nation to invest in something worthwhile that is 100
per cent local in the Eswatini fund,” he went on to say.

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