Background

Lubane was established in 1977 by individual SEC employees who joined together and formed a society. The society was registered under the Swaziland Co-operative Act of 1964 which was revised in 2003 and is currently regulated by FSRA.

Lubane is a Co-operative Society for: SEC employees, retired SEC employees, other approved companies, Lubane Staff, University student’s and Member’s children.

Brand Awareness

Secondary Membership

Non-withdrawable Savings

Member Share

In order to become a member of the Co-op you are obligated to buy shares monthly from as little as E100.
This forms part of your savings and its non withdrawable.
A member can only receive these funds upon resignation/termination of membership.
Dividends are paid on membership shares based on available earnings paid at each year end.

Ordinary Savings

This is the compulsory savings account offered to all members.
This account serves as a storehouse for all needs comes handy when calculating your entitlement.
The account is non withdrawable unless you terminate your membership.
Monthly savings are mandatory to encourage the spirit of savings which help in the future.

Pension savings (Club 45)

Secure your later year’s comfort today.
Start savings from as little as E100 per month and ensure that your adjustment to retirement is normal and not a burden to your dependants.
The savings are non withdrawable unless termination of membership or when you reach your retirement age.
They also serve as a cushion when calculating your entitlement as they are added to your ordinary savings.

Withdrawable Savings

School Savings

You are never too old for education, you and your children or dependants can be well catered for if you use this portfolio.
There is no waiting period simply save and in the event you do not find a need for these services you may withdraw the savings for your own personal use.

Holiday Savings

Are you planning for a perfect getaway trip with family/friends? The Society provides its members the opportunity to invest for your future trips/adventure.
The savings can also be withdrawn should need arise sooner than anticipated without a charge.

Other Savings

This products serves as a storehouse for our members whom are indecisive on which product portfolio they may want to invest their money in over and above the products we have.
Members may deposit any amount and its can be withdrawn any time.
There are no charges associated with any withdrawal.

Intfutfwane Savings

True to our Swazi idiom "sisu sibekelwa ngaphandle" Lubane offers members the opportunity to plan for their future by saving some money continuously.
The savings are fixed for 24 months, thereafter a member may withdraw or decide to reinvest the savings to this or any other portfolio the Society offers.
It also comes with great interest rates.

Fixed Deposits

Long term investment that allows you to plan for your desired goals.
Make monthly deposits to these savings.
Start fixing from as early as 30 days.
Alternatively, members can arrange to save a lump sum of more than E15,000
They all come with different interest rates attached to each period respectively.
Once they reach maturity a member may choose to reinvest or withdraw the savings.