Written by Fundizwi Sikhondze
The premier social security scheme in Eswatini the Eswatini National Provident Fund (ENPF) is turning 50 years in in August 2024. It was formed in August 1974.
In marking the 50 year anniversary the ENPF through its social media platforms are releasing bits and pieces of information about the early days of the ENPF. According to the information provided the establishment of the ENPF was sealed on the 30th August 1974 when then head of state King Sobhuza II assented to the Kings Order in Council establishing the ENPF (then the Swaziland National Provident Fund or SNPF).
More interesting facts that have been shared by the ENPF have been that the ENPF was established with a E100 000 injection by the government of the day, the fact that the first statutory contribution from the ENPF was E10.00 and it was received in 1976 and that the first benefits amounting to E10,000 were paid in 1985,11 years after the establishment of the ENPF. These funds were paid to two beneficiaries from Peak Timbers.
More historical facts regarding the ENPF's journey will be covered in this platform in the build up to the 50th anniversary in August 2024.
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