Mbabane – EswatiniMed has denied claims that a transfer of E1.5 million to Old Mutual was a personal transaction made by its Principal Officer, Peter Simelane, calling the reports misleading and inaccurate.
The organization clarified on Thursday that the funds in question are part of regular staff pension and gratuity contributions processed monthly for all eligible employees, including Simelane. The payments, according to EswatiniMed, were initially held in a Stanlib suspense account before being transferred to Old Mutual Eswatini, the official pension service provider.
The health insurance company stated that the contributions are part of a defined contribution pension and provident fund scheme, with both employer and staff making fixed percentage payments from salaries. These are invested to generate returns that protect staff retirement income from inflation over time.
EswatiniMed said the E1.5 million transaction was compliant with pension legislation and had no links to personal gain by any individual. The fund is governed by corporate policies, fiduciary duties, and regulatory frameworks that prevent misuse.
The organization also raised concerns about what it described as a calculated misinformation campaign allegedly led by a private individual with vested interests. It linked this to attempts to interfere with strategic assets such as Ezulwini Private Hospital.
EswatiniMed stated it will continue operating transparently and in the interest of its members and staff.
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