Interim Satellite offices


Collection rate

USD gross loan book


Investor Relations

As a premier pan-African retail financial services group, Select is constantly seeking new funding opportunities to fuel our growth and expansion. We have a strong track record of securing funding from a variety of sources including international DFI impact investors as well as domestic institutional and retail investments.

Funding Strategy

As a non-deposit-taking MFI, Select raises wholesale funding that it on-lends to customers. Our current funding structure is diverse, and includes:

• Shareholders’ equity;
• A well established listed Medium Term Note (“MTN”) Programme on the Eswatini Stock Exchange (“ESE”) and an inaugural listed MTN on the Maseru Securities Market (“MSM”);
• An unlisted MTN Programme in Malawi and Lesotho;
• Funding from leading DFI’s and Impact Investors, including ‐ Soros Economic Development Fund (“SEDF”);
‐ African Local Currency Bond (“ALCB”) Fund; ‐ Blue Orchard Impact Investment Managers (“BO”); ‐ Mergence Investment Managers (“MIM”); and ‐ Enabling Qapital (“EMF”);
• Other debt instruments including Promissory Notes;
• Debt investments from 3rd party corporates, institutional investors, and sovereign wealth funds;
• Intercompany funding; and
• Overdraft facilities from local banks.

Our future funding initiatives include:
• Listing an asset-backed MTN in Eswatini for the Malkerns Square development; and
• Securing investment from other leading impact investors and DFI’s.
We seek to raise capital at both a Group and country level. Seed capital is raised at a Group level for expansion into new geographies and to grow new operations. Once the new business has gained sufficient scale, achieved sustained growth in the loan book asset, and built a track record of profitability, we seek to raise local funding in local capital markets of established jurisdictions. This has the advantage of:

• Providing funding in local currency (cheaper cost of funding);
• Avoiding foreign exchange currency risks associated with borrowing and lending in different currencies; and
• Building a stand-alone business.

Select has successfully implemented this funding model in Eswatini, Malawi, and Lesotho.

Investment Merits

Select offers a truly compelling investment opportunity, backed by a number of key merits, including:

  • A seasoned and dedicated management team with over 20 years of experience in microfinance and retail banking.
  • A state-of-the-art technology platform for loan origination, collection and administration.
  • Expertise in 3rd party loan administration, finance, and operations reporting.
  • Focus on financial inclusion for the under-banked market with built-in lending mechanisms to ensure affordability for customers.
  • A strong emphasis on productive use loans including educational impact investment, domestic institutional, retail investment and incremental housing.
  • Long-standing partnerships with leading Development Financial Institutions (DFI), impact investors and technical partners adhere to the highest standards of corporate governance and reporting.

These factors make Select an outstanding choice for investors looking to capitalize on the growth potential in the microfinance sector.

Contact us

Sean O’Sullivan

Sean O’Sullivan

Group Chief Executive Officer

Tel no: +27 11 214 8344 Email:
Shane Leas

Shane Leas

Group Chief Financial Officer

Tel no: +27 11 214 8448 Email:
Anusha Naidu

Anusha Naidu

Group Corporate Finance

Tel no: +27 11 214 8462 Email:

Physical Address:
Illovo Edge Office Block,
Building 4,
9 Harries Road,
Illovo, Johannesburg,
2196, South Africa


Telephone Number:
011 214 8300

United Nations Department of Economic and Social Affairs Sustainable Development

Select is committed to advancing the United Nations Sustainable Development Goals (SDGs) through our products, services and operations. We align our business strategy with the SDGs and measure our impact on the social, environmental and economic dimensions of sustainable development. We also collaborate with our stakeholders and partners to amplify our positive contributions and address the global challenges we face together. The tabs below describe our contribution to the SDGs.

UN SDG 2: End hunger, achieve food security and improved nutrition and promote sustainable agriculture.

We believe that everyone deserves access to healthy and sufficient food, and that we can make a positive impact on the world by helping those in need. One of the ways we do this is by partnering with children’s soup kitchens in various regions, where we provide nutritious meals and snacks for underprivileged kids. We know that good nutrition is essential for their growth, development and well-being.

– Select winter Kwaluseni care point campaign
– Kwaluseni Soup Kitchen 2022 Christmas Food Parcel Donation

Additionally, we help by donating food commodities to communities affected by natural disasters, such as with Hurricane Freddy in Malawi. We understand that in times of crisis, food security is a major challenge, and we want to ease the burden on the survivors by offering them some relief and comfort.

– Tropical Cyclone Freddie donation: Malawi Red Cross Society. 

UN SDG 3: Ensure healthy lives and promote well-being for all at all ages.

At Select, we are committed to supporting this SDG by providing solutions that improve health outcomes and quality of life. We leverage our expertise to raise awareness, educate, and engage audiences on the importance of health and well-being. We partner with health organizations, governments, and civil society to design and implement effective campaigns that promote healthy behaviors, prevent diseases, and increase access to health services. Select has supported this goal by investing in COVID-19 hospital bedding donations and hygiene product donations to government agencies as well as initiatives supporting health and wellness, like the Select wellness day in Lesotho whereby Select partnered with the Ministry of Health to conduct health checks, sports competitions and blood donation drives.

Lesana Hosts Wellness Sports Competition
COVID-19 hospital bedding donations

UN SDG 4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.

Education is the key to unlocking human potential and creating a better world. That’s why we fund further education and children’s education. We have taken on initiatives to bridge the digital divide in Kenya with tablet donations.We also partner with local schools and NGOs to improve the infrastructure and quality of primary and secondary education. By doing so, we hope to contribute to a more inclusive and equitable society, where everyone has access to the knowledge and skills they need to thrive.

Select Credit Tablet donation to Russell Academy in Githogoro.
Select Limited School Water Tank installations with Baphalali Eswatini Red Cross

UN SDG 5: Achieve gender equality and empower all women and girls.

This goal is aimed to achieve gender equality and empower all women and girls. This goal is aligned with our company’s vision and values, as we provide equal opportunities for all our employees and customers. We are proud to report that our client loan book has seen an increase in the number of female clientele in our loan book thus reflecting our commitment to supporting women’s economic empowerment and social inclusion.

Importantly, our teams in Eswatini and Lesotho share a majority female staff complement.

– Select Limited: Meet the women in management.

UN SDG 6: Ensure availability and sustainable management of water and sanitation for all.

Access to clean water and sanitation is crucial for human health, environmental protection and economic growth. We want to highlight how our company is contributing to this goal by donating water tanks to schools in Eswatini, in collaboration with the Red Cross. These water tanks provide clean and safe water for students and teachers, as well as improve hygiene and sanitation practices. By supporting this project, we are not only helping the local communities but also demonstrating our commitment to social responsibility and global citizenship.

Select Water Tank  Launch Partnership with Baphalali Eswatini Red Cross – Select Africa

UN SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all.

This UN Department of Economic and social affairs’ sustainable development goals is to ensure access to affordable, reliable, sustainable and modern energy for all. This goal is crucial for reducing poverty, improving health, increasing productivity, enhancing competitiveness and promoting environmental sustainability.

We are also preparing for a future of sustainable modern energy by investing in smart grid technologies, energy efficiency measures and energy storage systems. By doing so, we are not only contributing to the global effort to achieve this goal, but also creating value for our customers, partners and stakeholders.

Property development Eswatini.

Malkerns Square real estate development
Retail development

UN SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Our vision of empowering people and businesses across Pan Africa with innovative solutions and services is aligned with promoting a sustained, inclusive and sustainable economic growth for all. We believe that by investing in human capital, fostering entrepreneurship, and supporting local communities, we can contribute to the economic and social development of the continent. We are committed to creating a positive impact on the lives of our customers, employees, partners, and society at large.

Select Limited team building at the Malkerns country club.

UN SDG 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

We are aligned in our vision of contributing to the betterment of the financial industry, innovation in technology and contributing to the infrastructure of the countries we operate in. By enhancing the industry through innovation and adding value to infrastructure, we create positive social and environmental impacts for our stakeholders.

Our contribution towards utility development,  new technologies and the development of infrastructure pave the way to a brighter future for the continent.

Property development Eswatini.

– Malkerns square
– Retail development

UN SDG 11: Make cities and human settlements inclusive, safe, resilient and sustainable.

This UN sustainable development goal is aimed to make cities and human settlements inclusive, safe, resilient and sustainable. This goal aligns with our company’s vision of creating value for our customers and communities through property development.

In Eswatini, we are investing in retail infrastructure and property developments that will enhance the safety, resilience and sustainability of the region. Our projects are designed to meet the needs and aspirations of the people, while respecting the environment and promoting social inclusion. We believe that by supporting this goal, we are not only contributing to the global agenda, but also creating long-term benefits for our stakeholders.

Property development Eswatini.

Malkerns square
Retail development