Mbabane – The Financial Services Regulatory Authority (FSRA) says the money in question is present and traceable.
The FSRA Chief Executive Officer (CEO) Ncamiso T. Ntshalintshali told Independent News that matters of money and queries regarding Status Capital Building Society (SCBC) are publicly updated to ensure transparency and integrity.
“The Curator has previously presented to members that the total investments under curatorship are held with African Alliance and the Central Bank of Eswatini, amounting to approximately E33 million. The E15 million referred to was a partial distribution proposed to members and not the total funds available. Members have been kept informed of these developments through the curator’s regular reports and updates,” Ntshalintshali said.
When questioned about the status of the curator, Ntshalintshali said FSRA continues to extend the period of curatorship as necessary as possible to enable the curator to conclude outstanding recoveries and related processes.
“This approach ensures that the interests of members are safeguarded and that the process is completed in a transparent and orderly manner.
“Additionally, the FSRA is acutely aware of the increasing pressure and concern among stakeholders and the public regarding this matter. We wish to assure all members that the Authority continues to prioritise consumer protection at the core of its mandate. Every decision taken is guided by the need to safeguard the interests of consumers, uphold confidence in the financial sector, and ensure that all processes are managed with transparency and integrity,” he said.
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