Statement On The Appointment Of Liquidators ‐ Swaziland Women Economic Empowerment Trust
The Central Bank of Eswatini wishes to notify members of the public and various stakeholders of the appointment of the Sakimo Group (Pty) Ltd as Liquidators of the Swaziland Women Economic Empowerment Trust (SWEET) in terms of Section 21 of Part III of the Schedule of the Financial Institutions Act 2005.
The Sakimo Group is a South African based independent consulting firm specializing in forensic accounting and fraud examination.
The Sakimo Group, working in conjunction with a dedicated internal team from the Central Bank has commenced proceedings that will lead to the liquidation of SWEET in line with the pertinent provisions of the Financial Institutions Act 2005 and other applicable in solvency laws.
The Central Bank and Liquidators are cognizant of investor and/or depositor expectations and in that regard wish to assure all affected parties of their commitment to deal with the liquidation proceedings with the urgency they deserve.