Mbabane – The Financial Services Regulatory Authority has raised concerns over a misleading statement circulated by unknown individuals claiming to be members of Status Capital Building Society and inviting the public to a purported permanent shareholders and investors meeting scheduled for today, Wednesday, 14 January 2026.
The Authority said the announcement falsely suggests that the organisers have the authority to convene meetings on behalf of Status Capital Building Society, a position the regulator has described as inaccurate and misleading given the society’s current legal status.
FSRA outlined that on or about 24 December 2025, the High Court of Eswatini issued a provisional order of liquidation against Status Capital Building Society. The court simultaneously appointed Tygerberg Trustees Proprietary Limited as the provisional liquidator, thereby placing the society under court supervision and removing control from its directors and management.
Following these developments, the Authority has directed those responsible for issuing invitations to permanent shareholders and investors to immediately cease and desist from acting as though they have authority to organise or hold meetings on behalf of Status Capital Building Society. The regulator has also warned investors not to be misled by unauthorised meetings, invitations or related materials.
FSRA has clarified that only authorised communications are legally recognised during the liquidation process. These include communications from the court appointed liquidator, Tygerberg Trustees Proprietary Limited, as well as statutory notices issued in line with the law. Any other communication purporting to speak for the society lacks legal standing.
The Authority further explained that once an entity is placed under liquidation, the rights of shareholders and the rights of management to control or influence the affairs of the entity are suspended. Such rights, if exercised at all, must be exercised through the court or the appointed liquidator.
FSRA warned that enforcement action will be taken against any person found to have organised or facilitated the purported meeting.
According to the regulator, the decision to take steps towards liquidation followed a thorough curatorship process which concluded that Status Capital Building Society is insolvent and no longer a going concern. The Authority stated that these actions were taken in the interests of all stakeholders of the society.
The liquidation process, FSRA said, remains an ongoing court sanctioned process and must be respected by the society’s directors and management. Any assertions by Status Capital Building Society suggesting otherwise were described as misleading and not reflective of the actual legal and regulatory position.
The Authority has urged all stakeholders of Status Capital Building Society to rely on official communications issued by Tygerberg Trustees Proprietary Limited and FSRA for accurate information, and to disregard any statements that seek to undermine the legal and regulatory processes currently underway.
FSRA said it remains committed to upholding the integrity of the financial services industry and to safeguarding the interests of stakeholders, while continuing to promote accountability and transparency across the sector.
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