Wednesday 2018-11-14

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STANLIB NOW MANAGING E9.6 BILLION ASSETS

By Hlengiwe Ndlovu | 2018-05-17

STANLIB Swaziland currently manages assets worth over E9.6 billion, Senior Business Development Manager Mlungisi Lukhele told a group of private banking customers attending the Standard Bank revamped private banking launch at the Royal Villas yesterday.

Lukhele also gave advice on the different ways in which their clients can invest through the different asset classes that Stanlib has on offer which are bonds, property, stock markets and cash investments whereby interest is accrued from the savings made. “To make an investment with meaningful returns, one has to have a clear financial goal. After developing a clear financial plan, you need to be patient to execute what you have set to develop,” he advised.

Lukhele explained that with bonds, investors stand to gain returns from the interest accrued from this investment.

“Government recently announced a E150 million bond which matures in 10 years,” he said. With property, gains will be made from rental income and capital gains.

“You may not be able to build an office park, mall or warehouse as an individual but we will link you with the people who do that. But the risk appetite also speaks to the reward,” he said.

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