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MISSION

“To support inclusive national economic growth through the expansion of sustainable access to financial services for Swazi entrepreneurs and the general population by helping them to be innovative, be growth driven and ultimately improving the quality of life for all”. 

VISION

“To position ourselves nationally as the leading provider of development finance and other support financial services which directly contribute to national economic development”.

   

PURPOSE

To economically empower Swazi Entreprenurs through the provision of accessible and sustainable financial services. 

 

 

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  • Currently No Vacancies. 

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Where We Are

Corporate Governance Statement

Corporate Governance Statement

The Directors of Swaziland Development Finance Corporation confirm their commitment to the principles of openness, integrity and accountability as advocated in the King II Code on Corporate Governance. Through this process, shareholders and other stakeholders may derive assurance that the Corporation is being ethically managed according to prudently determined risk parameters in compliance with generally accepted corporate practices. Monitoring the Corporation’s compliance with the King Code on Corporate Governance forms part of the mandate of the Corporation’s executive committee.

Board Of Directors
The Board has two committees the Main Board and the Executive Committee. Both the Main Board and the Executive committee meet quarterly, but special Board meetings are convened when necessary. The Main Board monitors management and ensures that material matters are subject to Board approval such as the approval of loans.   The Executive Committee’s main functions are to review the Corporation’s financial statements, management accounts, operational matters, staff matters and then advise the Main Board. The Board comprises 9 directors of whom only one serves in an executive capacity. The board is balanced so that no individual or Corporation can dominate decision-making. The directors of the Corporation are listed on page 6.  Roles of chairperson and chief executive do not vest in the same person and the chairperson is a non-executive.  The non-executive directors comprise individuals with diverse backgrounds and expertise.  The chairperson and managing director provide leadership and guidance to the Corporation’s Board and encourage deliberation of all matters requiring the Boards attention, and obtain sufficient input from the other board members.  The chairperson and directors are elected on a three-year basis.

Risk Management
Effective risk management is essential to the Corporation’s objective of consistently adding value to the business objectives.  The Corporation’s management is continuously developing and enhancing its risk and control procedures to improve the means for identifying and monitoring risks. Operating risk is the potential for loss to occur through a breakdown in control information, business processes and compliance systems.  Key policies and procedures are in place to manage operating risk involving segregation of duties, transaction authorisation, supervision, monitoring and financial and managerial reporting.