Industry Investment Management Net income E116m (2012) Founder Sobhuza II Owner House of Dlamini | Revenue E218.1m (2012) Total assets E1.39 billion (2012) Founded 1968 Type of business Investment company | |
Key people HRH Prince Logcogco Mangaliso (Chairman) Products Publishing
Beverages
Property Development
Hospitality
Agriculture
Mining
Finance Headquarters Kwaluseni, Swaziland, Swaziland | ||
Tibiyo TakaNgwane, meaning wealth of the nation, is a company owned by the royal family of Swaziland, currently led by King Mswati III.
It was formed by King Sobhuza II at independence in 1968 by Royal Charter to promote and encourage peace and stability, to preserve culture and tradition and to promote a high standard of living for the Swazi Nation through provision of employment. It has stakes in agriculture, property, a printing company, and it is the sole owner of the Swazi Observer. Tibiyo is a shareholder in many companies such as the Royal Swaziland Sugar Corporation (RSSC), Maloma Colliery Limited, Lubombo Sugar, Parmalat Swaziland, Simunye Plaza, Bhuna Mall, Swazi Spar Holdings, Swaziland Beverages, Alexander Forbes, Fincorp, Tibiyo Leisure Resorts trading as Royal Villas and many subsidiaries across the country.
In 2009 a group of Swazi organisations called for Tibiyo TakaNgwane to be converted to a government department that would be open for public scrutiny.