SELECT AFRICA
PINE ACRES
LESANA FINANCIAL SERVICES
FINANCE
HOUSING
INVEST
ADVICE
About Us
SBC is listed on the Eswatini Stock Exchange ("ESE") and is an investment holding and financial services business.
Vision
SBC aims to be a primary investment opportunity, whilst creating Southern Africa’s premier financier in our chosen sectors and markets, through the delivery of innovative and affordable financial services via multiple cost-effective delivery channels.
Mission
To assist our clients in turning aspirations into reality through the provision of affordable, appropriate and responsible financial assistance, whilst contributing to the community wellbeing as a good corporate citizen, and whilst also ensuring optimal shareholder value.
SBC Financial Services
All Encompassing Financial Services Through the Years
Advice
Receive expert financial guidance that aligns with your aspirations, helping you make informed decisions for today and a secure future.
Finance
Unlock your financial potential with expert strategies designed to maximize savings, optimize cash flow, and guide you to lasting wealth.
Housing
Find your dream home or investment property with our market insights and personalized real estate solutions, ensuring smart choices at every step.
Transact
Experience seamless transactions with secure, fast, and efficient tools. Whether you're transferring funds, paying bills, or making investments, our platform ensures every transaction is hassle-free and fully protected.
Invest
Grow your wealth with tailored investment strategies, offering a range of options to build a diversified portfolio that suits your goals or values.
Private Banking
Enjoy exclusive services tailored to your unique financial needs. Our private banking solutions provide personalized attention, sophisticated investment strategies, and exceptional wealth management to help you reach your financial goals.
Company Timeline
SBC Limited Overview & History
.
1999 – Operations commence in Mbabane eSwatini
2007 – Inaugural listing of Select Limited MTN on the eSwatini Stock Exchange (“SSX”) The Select Limited Group implements the new Xpertec loan origination and loan management platform.
2008 – The Select Limited Group establishes a shared services center in Mauritius under the Pivot brand.
2013 – Select Limited commences advisory lending in Lesotho as Lesana Lesotho Limited
2014 – Listing of SBC Limited on the ESE.
2015 – Acquisition of land in eSwatini to develop into a mixed-use lifestyle development, Malkerns.
2016 – Implementation of new loan management system, ILS, providing all group companies with a fully electronic, paperless, in-field loan origination capability.
2017 – New funding sources secured in Lesotho from the ALCB Fund
.
2019 – First 54 apartment units built in Malkerns & available for rent New funding secured in Eswatini from Blue Orchard
2020 – Successful cash and liquidity management in uncertain Covid19 trading environment & lock
2021 – Retail centre opened in Malkerns & full tenant occupancy Additional funding from Blue Orchard in Eswatini Introduction of new collections system, Excalibur
2022 – The Select Group introduces the facility loan product in all jurisdictions.
2023 – Select Limited introduces the first telephonic loan rollover/top-up capability in Lesotho and Eswatini – SBC Limited acquires Lesana Financial Services from Select Limited, resulting in the realisation of the underlying value of Lesana Financial Services on the SBC’s Balance Sheet – Non payroll lending products are launched in Lesotho
2024 – Approval of listed MTN in Lesotho & first BWP investment in Eswatini exchange 98% rental occupancy at Residential 1.1 Malkerns Square
2025 – Issuance and listing of Lesana MTN programme on the Maseru Securities Market
Company Timeline
SBC Limited Overview & History
Company Timeline
SBC Limited Overview & History
1999 - Operations commence in Mbabane eSwatini
- Operations commence in Mbabane eSwatini
2007
- Inaugural listing of Select Limited MTN on the eSwatini Stock Exchange (“SSX”) The Select Limited Group implements the new Xpertec loan origination and loan management platform.
2008
- The Select Limited Group establishes a shared services center in Mauritius under the Pivot brand.
2013
- Select Limited commences advisory lending in Lesotho as Lesana Lesotho Limited.
2014
- Listing of SBC Limited on the ESE.
2015
- Acquisition of land in eSwatini to develop into a mixed-use lifestyle development, Malkerns.
2016
- Implementation of new loan management system, ILS, providing all group companies with a fully electronic, paperless, in-field loan origination capability.
2017
New funding sources secured in Lesotho from the ALCB Fund
2019
First 54 apartment units built in Malkerns & available for rent New funding secured in Eswatini from Blue Orchard
2020
Successful cash and liquidity management in uncertain Covid19 trading environment & lock
2021
Retail centre opened in Malkerns & full tenant occupancy Additional funding from Blue Orchard in Eswatini Introduction of new collections system, Excalibur
2022
The Select Group introduces the facility loan product in all jurisdictions.
2023
Select Limited introduces the first telephonic loan rollover/top-up capability in Lesotho and Eswatini
SBC Limited acquires Lesana Financial Services from Select Limited, resulting in the realisation of the underlying value of Lesana Financial Services on the SBC’s Balance Sheet
Non payroll lending products are launched in Lesotho
2024
Approval of listed MTN in Lesotho & first BWP investment in Eswatini exchange 98% rental occupancy at Residential 1.1 Malkerns Square
Property
Quality Affordable Accommodation
In 2015 SBC Limited (“SBC”) acquired Pine Acres (Pty) Limited (“Pine Acres”), a property development company with a 42-hectare piece of land in Malkerns, Eswatini. Pine Acres developed this land into Malkerns Square – an iconic, environmentally responsible, and resource efficient lifestyle property development, with c. 1,300 residential housing units, and a retail shopping centre of 6,000 to 8,000 sq.
Malkerns boasts a shopping centre which is approximately 3000 sqm. The total value of the project is estimated to be between E1.2billion and E1.5billion and has around 1,100 units.
Pine Acres holds sectional title legislation in Eswatini on which apartment blocks and a precinct is built. Select Eswatini will provides end-user finance. Following the results from Select’s key focus groups held in Eswatini in January 2017, construction on the pilot project of 54 apartments commenced in Q2 2018.
This provides Select with key learnings for the next phase of development. Select’s existing customers have expressed their desire to take up housing units in both the pilot and the development.
The Sectional Titles Act was signed into law and the regulation to support this legislation, formulated. Pine Acres has developed 54 initial units which will be primarily for rental. The next phase is to build ownership units against expressed commitment.
