https://www.eppf.co.za/newsroom/announcement/member-update-27-july-2022

Dear Member,

As promised, here is an update on the Brian Molefe pension matter. The latest is that the EPPF has been notified by its attorneys that Mr Brian Molefe has filed a notice of application for leave to appeal the recent decision of the High Court of South Africa (Gauteng Division, Pretoria). The Fund will be opposing the matter.

In its ruling on 4 July 2022, the High Court directed that Mr Molefe must pay back benefits that were unlawfully received from the Fund. This was a result of the EPPF taking legal action against Mr Molefe to compel him to pay back the money in line with the original court judgment from 2018. Mr Molefe resisted making payment by unsuccessfully appealing the 2018 judgment up to the Constitutional Court in 2019.

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https://www.eppf.co.za/newsroom/announcement/member-update-july-2022

Dear Member,

We have committed to keeping you informed on the Brian Molefe pension matter. The latest is that the High Court of South Africa (Gauteng Division, Pretoria) handed down a ruling yesterday following the hearing in March this year. You will remember the EPPF took legal action against Mr Molefe to compel him to pay back the money in line with the original court judgment from 2018. Mr Molefe had appealed the matter all the way to the Constitutional Court in 2019. Yesterday’s ruling means Mr Molefe will have to pay back as directed by the court.
 

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https://www.eppf.co.za/newsroom/announcement/member-update-june-2022

Dear Member,

You will have no doubt read about capital market volatility and how its effects are being felt across the world. In this Explainer, our Investment Management Unit, takes you through why, for a long-term investor like the Fund, there is no need to adjust its investment positioning for short-term market volatility. 

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