Stanlib has made significant strides in the market, with its share of assets under management (AUM) rising to 44.6%, up from 40.81% in the previous quarter. This growth, revealed in the Financial Services Regulatory Authority’s (FSRA) latest quarterly report for the third quarter of the 2024/2025 financial year (September – December), is attributed to a strong increase in contributions from retail investors and retirement funds.
The report also shows a shift in the rankings within the Collective Investment Schemes (CIS) sector. African Alliance’s market share dropped to 43.41% from 46.94% in the last quarter, largely due to a decrease in assets from short-term insurers. Comparing year-on-year figures, African Alliance lost 2.87 percentage points, a shift that likely benefited Stanlib, which saw its market share increase during the same period.
Old Mutual retained its third position with a 11.21% share of the market, while Inhlonhla’s share fell from 1.05% to 0.84% due to a reduction in funds from professional investors.
The total value of assets under management rose by 5.4%, from E8.35 billion to E8.80 billion in the current quarter. However, compared to the same period last year, AUM saw a slight decline of 0.11%, dropping from E8.81 billion to E8.80 billion.
These fluctuations in asset values could be linked to changes in the Central Bank of Eswatini’s interest rates, following global trends. In the CIS sector, retirement fund contributions grew from 34.42% to 38.19%, while company contributions fell from 27.13% to 23.26%. Meanwhile, high-net-worth individuals increased their contributions from 6.68% to 8.25%, while other sources of CIS funds generally saw declines.
