12/05/2026
TIBIYO TAKANGWANE MUST SERVE THE NATION, NOT ROYAL FAMILY
Tibiyo Taka Ngwane means "Wealth of the Nation" in SiSwati. It was created in 1968 by King Sobhuza II to hold wealth in trust for the Swazi people, empower ordinary Swazis and to assist the government in developing the country.
Its inital funding came from ordinary Swazi families that each contributed a cow through the Lifa Fund so that land and economic power could be returned to the nation from colonial masters. It was supposed to belong to the people and help improve their lives.
But somewhere along the way, it changed to something completely different.
Today, Tibiyo does not operate like a national trust but like a private empire controlled by the king and the royal family. It does not report to Parliament like other public institutions. Its board and executive leadership are appointed by the king and it reports directly to him. Making matters worse is the fact that it does not pay tax despite controlling massive business interests across the economy. No wonder the late PUDEMO President, Mario Masuku described it as a "feedlot for the king and his inner circle."
Tibiyo controls huge investments in the sugar industry, forestry, mining, beverages, dairy, media, property, financial services and tourism. It is the biggest employer in Swaziland outside the government itself. It holds stakes in some of the biggest companies companies in the country including Royal Eswatini Sugar Corporation, Ubombo Sugar, Coca Cola Swaziland, Maloma Colliery, Nedbank Eswatini, Lactis Swaziland (formerly Parmalat) and many others.
It also owns shopping malls, hotels and media houses such as the Swazi Observer. It is easily one of the most powerful business institutions in the country. And every Swazi family contributed a cow to its initial funding.
So if Tibiyo belongs to the nation, why doesnt the nation control it? Why are its finances not subject to full public scrutiny? Why doesn't it at least report to parliament nor pay tax like other businesses? But perhaps mist importantly, why has it failed to intervene meaningfully in the social challenges that are facing the nation?
The country is currently faced with high levels of poverty, unemployment, a crumbling public health sector and lack of scholarships. More than 70% of the population are struggling daily just to survive yet a conglomerate that was built from their contributions does not seem to be interested in alleviating their suffering.
Instead, it has been turned into a feedlot for the politically connected and the royal elite at the exclusion of the majority.
We need to start demanding what is rightfully ours. Tibiyo must return to its original purpose of serving the nation not a small privileged circle around the king. It must become transparent, accountable and subject to public oversight. And like every major institution, it must pay tax and contribute to national development.
Action for Southern Africa - ACTSA