In South Africa, almost every industry, large company, and professional association has a pension fund to protect the interests of those working in that industry. That is a good thing because it shows that the workers in the country are well taken care of- or have learned to take care of themselves. So, I listed pension funds in South Africa.
Pension funds, however, should not be mistaken for the Pension Fund Administrators (PFAs) who just manage the money and offer certain related services. PFAs are financial institutions whose primary objective is to make money for their shareholders. They are not the same as the Pension Funds themselves who are set up by the workers, to protect their interests.
When looking for employment it may be a good idea to ensure that the company you wish to work with has a pension fund for its workers; which is usually a good sign: it shows that the company takes care of their workers. It shows that the company is a decent work environment.
List of all Pension Funds in South Africa
The Motor Industry Retirement Funds
Auto Workers Provident Fund is a retirement/providence fund designed to build and grow wealth for workers in South Africa’s auto manufacture industry- the workers in the various car assembly plants in the country. The goal is to provide annuity & lump sum payments for its members when they retire, as well as to provide these benefits in the event of their death or permanent injury.
This Auto Workers Provident Fund has over 206,016 contributing members and is one of the largest and fastest-growing local government funds in South Africa.
Official Address: 275 Kent Ave, Ferndale, Randburg, 2125, South Africa.
Phone Contact: +27 11 561 9300
Official Website: https://mirf.co.za › FUNDS
Cape Municipal Pension Fund
The Cape Municipal Pension Fund is a fund designed to help Cape Municipal Workers build and grow wealth for their retirement. The Fund provides determining capital gains through a variety of investments.
Official Address: Floor 18 Standard Bank Ctr, Heerengracht, Foreshore, Cape Town, 8001, South Africa
Phone Contact: +27 21 418 4140
Official Website: https://www.capefund.com
Email contact: [email protected]
Durban Pension Fund Details
Durban Pension Fund is a defined benefit pension plan. That represents a merger of the former Durban Municipal Pension Fund, and the Durban Corporation Superannuation Fund. The fund is managed by Alexander Forbes Administration Services and invested in Private Equity, Real Estate, Infrastructure, and Natural Resources.
Official Address: Florence Mkhize Building, 251 Anton Lembede (Smith) Street, Durban, 4001, South Africa.
Fund Administered by: Alexander Forbes Administration Services. 10 Torsvale Cresent. Torsvale Park. La Lucia.
Phone Contact: 031 573 8000
Email Address: [email protected]
Official Website: http://www.durban.gov.za
Edcon Provident Fund
Edcon Provident Fund is a Public Pension in South Africa, that covers the workers of Edcon which is a retail conglomerate in South Africa that deals in Clothing, footwear, accessories, and sporting goods. The company has about 44,000 workers, so Edcon is a big deal.
Official Address: 1 Edgardale Press Ave, 2092 Johannesburg, South Africa.
Official Website: https://nmg-group.com
Eskom Pension and Provident Fund
Eskom is a South African electricity generation and distribution company established in 1923. The Eskom Pension and Provident fund, therefore, is the Retirement/ Pension/ and Provident Fund set up for the workers of the company. Please take note that Eskom has about 46,665 people on its payroll.
Official Address: 24 Georgian Cres E, Bryanston, Johannesburg, 2021, South Africa.
Phone Contact: +27 11 709 7400
Official Website: https://www.eppf.co.za
Independent Schools Association of Southern Africa Pension Scheme
Independent Schools Association of Southern Africa Pension Scheme is a Public Pension in South Africa, which caters to workers in South Africa’s private schools under the umbrella body called Independent Schools Association of Southern Africa (ISASA). This fund caters to teachers in about 850 member schools, in different locations across South Africa.
Official Address: 16 St David Rd, Houghton Estate, Johannesburg, 2198, South Africa
Phone Contact: +27 11 648 1331
Official Website: https://www.isasapensionfund.co.za/
Metal Industries Benefit Funds Administrators (MIBFA)
MIBFA: Public Pension in South Africa, Africa
Metal Industries Benefit Funds Administrators (MIBFA) is a Public Pension located in Johannesburg South Africa, Africa. The Fund caters to several workers in the Metals Industries.
Official Address: 42 Anderson St, Marshalltown, Johannesburg, 2107, South Africa
Phone Contact: +27 11 870 2000
Official Website: https://www.mibfa.co.za
Mineworkers Provident Fund
The Mineworkers Provident Fund is the retirement/Pension/Provident fund for workers in South Africa’s mines that do not have their own funds. You can get more information about the fund using the following information:
Official Address: Office No. 2, S’buys Business Park, Kaolin St, Carletonville, 2499, South Africa
Phone Contact: +27 10 100 3190
Official Website: https://www.mwpf.co.za
KwaZulu-Natal Joint Municipal Pension/Provident Funds
The KwaZulu-Natal Joint Municipal Pension/Provident Funds is the retirement fund for the workers at the Kwazulu Natal Municipal Authority.
Official Address: 1 University Road 5 Derby Downs Office Park, Westville, Durban, 3630, South Africa
Phone Contact: +27 86 106 5673
Official Website: http://www.njmpf.co.za
SABC Pension Fund: Public Pension in South Africa
The SABC Pension Fund is a Public Pension for the workers of the South African Broadcasting Corporation. This Pension Fund has assets more than $956,734,000. You can contact them with the information below:
Official Address: Pension Fund House, 77 Twickenham Ave, Auckland Park, Johannesburg, 2092, South Africa
Telephone Contact: +27 11 482 1383
South African Local Authorities Pension Fund
The South African Local Authorities Pension Fund is a retirement fund for workers in the South African Local Authorities. You can contact them using the information below:
Official Address: 12 Fredman drive, SALA House, 1st Floor, Sandton, South Africa.
Postal Address: Postnet Suite 512, Private Bag x9, Benmore 2010.
Telephone Contact: 011 282 3000
Toll-Free Number Telephone: 0800 725273
Fax Machine Number: 011 282 3099.
Official Website: http://salapensionfund.co.za/
South African Municipal Workers Union Provident Fund
This is the retirement and provident fund for workers in the Municipal Governments. This fund caters to more than 52,000 people. You can contact the Fund through the following information.
Phone Contact: 012 743 3000
Email Contact: [email protected]
Section 1, Business Park @ Zambezi, 860 Milkplum Street, Protea Glen, Soweto, 1819, South Africa.
Official Website: https://nationalfund.co.za/
Transnet Pension Fund
Transnet Pension Fund is the Pension Fund for Transnet, which is a large Rail and Pipeline Company employing over 55,000 people.
For more information on this Fund: https://www.gov.za/documents/transnet-pension-fund-act-pension-fund-rules
Official Website: https://pmg.org.za
Tshwane Municipal Provident Fund
Tshwane Municipal Provident Fund (TMPF) is the retirement or eventuality Fund for workers in the Tshwane Municipal Government. You may contact them with the following information:
Official Address: Block G 333, Grosvenor Street, Hatfield, Pretoria, South Africa.
Official Website: http://www.tshwaneprov.co.za
The University of Cape Town Retirement Fund
This is the pension fund for the workers at the University of Cape Town. You can contact the Fund with the following information:
Official Address: 3rd Floor Sunclare Building, 21 Dreyer St, Claremont, Cape Town, 7700, South Africa
Phone Contact: +27 21 650 2934
Official Website: https://uctrf.co.za
Related:
Conclusion:
The information in this article reflects recent changes in the industry; as you might have noticed there has been a flurry of mergers and acquisitions that have resulted in some name changes in the Pension Funds. Nevertheless, the pension funds in South Africa continue to carry out their duties of building and growing wealth for their clients and members.