Group Structure

SBC is primarily owned by Select Africa Finance Limited, a Mauritius incorporated company ultimately owned by African Alliance, a private investment banking group with a presence across Africa. Select has operated for over 18 years under the Select Management Services (SMS) brand, serving a predominantly civil servant client base, which is the largest employee group in Eswatini. Select Management Services also has operations in Lesotho, Malawi and Uganda.

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 has 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.

SBC Organogram

Overview of organogram

  • SBC Limited – Listed on ESX and the holding company.
  • Pine Acres (Pty) Ltd –  Property investment company that developed Malkern Square in Eswatini.
  • Select Limited –  Eswatini microfinance businesses.
  • Lesana Financial Services – Lesotho microfinance business.