By Thabile Masuku

SWAZILAND Building Society has launched an interesting competition for its property loan customers, with prizes worth over E200 000 at stake. There are 10 prizes to be won, with the grand prize being a Chevrolet Avio valued at E117 000 from General Motor

Other prizes are a kitchen fitting from Wood Masters valued at E40 000, furniture of the winner’s choice from Wood Master worth E25 000 and household appliances from Hoageys, to the value of E15 000.


The fifth prize is an entertainment unit valued at E10 000 from Wood Masters. Also up for grabs are light fittings from Hoageys valued at E7 000, Garden furniture worth E4 000 from Carters Garden Centre, weekend for two at Maguga Lodge to the value of E2 000, garden plants worth E1 500 from Phondo Gardens and dinner for two to the value of E5 00.

Addressing customers during the launch of the competition yesterday, Society Managing Director Joseph Ndlangamandla said: “This promotion is born out of a desire on the Society’s part to reward customers that borrow for property finance. Evidence of this desire can be seen in the number and value of prizes to be worn.”

Ndlangamandla said all borrowers of SBS were eligible to participate in the competition, except for employees of the Society and their immediate families.

Property borrowers must have their loans payment up-to-date and must re-draw their loan an amount of not less than E10 000 between now and October 30, 2014. New and prospective borrowers who want to participate in the competition must take out their property loans with the Society by the same date. The competition draw is scheduled for October 31.

“Swaziland Building Society is excited at being able to stage this promotion which is by far bigger and better than any other that has happened in the past. We encourage the public to take out property loans from Swaziland Building Society in order to benefit from favourable terms and conditions as well as to stand a chance to win the great prizes on offer,” Ndlangamandla said. He further thanked the sponsors of the competition for their support, namely General Motors Mbabane, Wood Master, Hoageys, Carters Garden Centre, Phondo Nursery and Maguga Lodge.

How to win;

* Take our property loan or re-draw your existing loan an amount of not less than E10 000.

* If you have been granted a building loan, you must have drawn at least 50 percent of it to qualify.

* Property loan must be up-to-date.

* Consider switching your existing property loan or financing your next property loan through the Society in order to qualify.