…MVAs miraculous growth over the last decade

BY BONGUMSUA SIMELANE

MBABANE– The Sincephetelo Motor Vehicle Accident Fund (SMVAF) has shown a steady growth in terms
of its revenue over the last decade from E61 million in 2007 to E 500 million in 2017. This was revealed by the board chairperson of SMVAF Zweli Jele during the official opening of the parastatal’s building by His Majesty King Mswati III at the Royal Swazi Convention Center. Jele noted that although there have been many challenges over the
years, there has been a very impressive growth which has seen the entity thriving through the worst economic crisis that struck the local and international economies. The board chairman also thanked the Prime Minister Dr. Sibusiso Dlamini for implementing the fund while he was still the Minister of Finance. He continued to express his gratitude
to the former Chief Executive Officer (CEO) and management for such a visionary insight of handling the fund in a more appropriate manner. Jele further acknowledged the role played by His Majesty’s government for the legislative framework which has helped the organization in its operations over the years. Not only that, the chairman thanked the subventions that have been injected by government in the fund. Furthermore, he conceded that there were internal problems that almost brought the fund on its knees but through dedication and commitment they have sailed through, making the organization one of the best government enterprises in the kingdom. “The strong seen the fund excelling in its work thus working towards achieving its chief mandate and that has seen the construction of two satellite offices in Manzini and Pigg’s Peak as part of its decentralization strategies. This fund seeks to provide services to local and international road accident victims,” he further said. The Motor Vehicle Accidents Fund (MVA
Fund) commenced operations under the fuel levy system on the 1st January 1988. The Fund was established by an Act of Parliament under the Motor Vehicle Accidents Act No. 13 of 1991 as the instrument by which the Government of Swaziland compensates road accidents victims who have suffered bodily injuries or loss of support following the death of breadwinners.

The board chairman also
thanked the Prime Minister Dr.
Sibusiso Dlamini for implementing
the fund while he was
still the Minister of Finance.
He continued to express his
gratitude to the former Chief
Executive Officer (CEO) and
management for such a visionary
insight of handling the fund
in a more appropriate manner.
Jele further acknowledged the
role played by His Majesty’s
government for the legislative
framework which has helped
the organization in its operations
over the years.

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