Corporate Governance

​We subscribe to the governance principles emanating from the Code of Corporate Practices contained in the King Report on Corporate Governance for South Africa

Read more

Corporate Governance

​We subscribe to the governance principles emanating from the Code of Corporate Practices contained in the King Report on Corporate Governance for South Africa

Update on Brian Molefe’s appeal effort


EPPF’s response on the topic of prescribed assets


Your EPPF recap on the two-pot retirement system


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Final reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive & Principal Officer - January 2024


A Message from Shafeeq Abrahams, EPPF’s Chief Executive & Principal Officer – December 2023


Pensioners outside SA: Why you may not have received your 2023 pension bonus last week


EPPF is proud to release its 2022-23 results


Update: EPPF’s Two-pot Talk


Pensioner Update: Pension Increase and Bonus November 2023


Coming Soon: EPPF’s Official Facebook Group


EPPF’s Two-Pot Talk


Pensioners outside SA: Submit your Evidence of Survival info or risk your pension benefits being suspended


In-service Member Update: What the Two-Pot Retirement System Means


Member Update: Expect an email or call to rate our service over the last year


Member Update - 14 July 2023


Media Release: EPPF leads industry through its Net-Zero commitment


A Message to Pensioners from Shafeeq Abrahams, the Chief Executive and Principal Officer - March 2023


Pensioners and tax season: What to do if you receive more than one income


Rule Amendment 2


Member Update January 2023


Board of Trustee Elections


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - July 2023


Member Update July 2023 - EPPF Goes Virtual


Member Update April 2023


A Message to In-Service Members, from the Chief Executive and Principal Officer - March 2023


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - January 2023


A Message from Shafeeq Abrahams, the EPPF Chief Executive and Principal Officer - November 2022


Member Update November 2022


EPPF INVESTMENT PERFORMANCE UPDATE (Q3, 2022)


Pension Increase and Bonus November 2022


Member Update October 2022


Pension Fund Benefits: Actuarial Factors Review 2022


Rule Amendment 1


Member Update September 2022


Member Update August 2022


Member Update July 2022


Member Update July 2022


Member Update June 2022


How EPPF members are helping job sustainability


Member Update March 2022


Message from the Chief Executive and Principal Officer


Pensioner Tax Update


Member Regulatory Update: Regulation 28 Amendments


EPPF appoints new Chief Financial Officer


Member Update - January 2022


Eskom splits off transmission division


2021 Integrated Report


Member regulatory update: Release of the Two Retirement Reform Discussion


Message from the Chief Executive


Member Update - October 2021


EPPF’s Digital Transformation Journey


The EPPF partners with Equites Property Fund in logistics deal


The Minimum Individual Reserve (MIR) explained


Congratulations to all our winners


THE ENHANCED EPPF MOBILE APP FINALLY HERE!


Amended Fund Rules


Withdrawal of retirement savings by active members


Update: Impact of recent social unrest


EPPF Operations - impact of protests


2021 Tax Certificate re-issue


Scam alert warning


EPPF Message from the Chief Executive and Principal Officer


EPPF INVESTMENT PERFORMANCE UPDATE (Q1, 2021)


MEMBER UPDATE – APRIL 2021


Member Regulatory Update


EPPF appoints new Chief Executive and Principal Officer


Member Update: Business Maverick reporting


EPPF Chief Executive and Principal Officer to step down


2020 Integrated Report


2021 Pensioner increase and bonus


MEMBER UPDATE: NOVEMBER 2020


Member Update: EPPF’s digital transformation journey


UPDATE – BUSINESS MAVERICK REPORTING ON EPPF SANCTIONED BY PRESS COUNCIL


NEW EPPF BOARD APPOINTMENTS


Announcement: COVID-19 relief special bonus for EPPF pensioners


Announcement - Eskom Employee Benefits department


EPPF changes to new pension administration system


EPPF and Global ASP matter


Trustee Elections 2019/20 results announcement


IMPACT OF CORONAVIRUS (COVID-19) AND THE RATINGS DOWNGRADE ON THE EPPF INVESTMENT PORTFOLIO


Provisional Trustee Election Results


UPDATE: EPPF OPERATIONS DURING THE 21 DAY NATIONAL LOCKDOWN AS A RESULT OF COVID-19


EPPF COVID-19 (CORONAVIRUS) MEMBER UPDATE


RESPONSE TO MEDIA ARTICLE ON EPPF’S INVESTMENT IN MPANDE PROPERTY FUND


EPPF Member/Pensioner Update - Message from the Chairman


Media report on EPPF administration


Trustee Elections : Voting phase


Former Eskom GCEO pension pay-out update


2019 PENSIONER INCREASE AND BONUS


Employee Profile: meet Tetelo Mabona


RESPONSIBLE INVESTING BY PENSION FUNDS: THE ABC OF ESG


Appointment of Ms Linda Mateza as EPPF Chief Executive and Principal Officer


EPPF calls for asset owners to promote transformation at the third EPPF Transformation Breakfast


Trustee Elections 2019/20


Supreme Court of Appeal ruling on former Eskom GCEO pension pay-out case


THE POSITION OF THE FUND ON PRESCRIBED ASSETS


Board announcement to stakeholders


The EPPF Transformation Breakfast


Diversity in Asset Management


Waseema Mocke: A Life of Risk and Reward


Thandie Mashego: A Reflection on One Year at the Fund


Meet Our New Chief Investment Officer, Sonja Saunderson


Yolisa Skwintshi: Innovation Worthy of Nomination


EPPF investment in China A equities


Eskom Pension and Provident Fund CFO Shafeeq Abrahams steps into CEO role


EPPF head of HR Shyless Nkuna says servant leadership is paramount


Eskom fund supports Pension Funds Act amendments


No reason entities that manage people’s data should not implement Popia now


Technology fulfils human purpose in pension fund environment


The Great COVID-19 Crisis, where is the bottom?


INFRASTRUCTURE: HOW PENSION FUNDS CAN SERVE MEMBERS – AND THE NATION


The future of transformation in the investment industry and the EPPF’s role


Responsible Investing by Pension Funds: The ABC Of ESG


Sound corporate governance depends on ethical leaders – and you and me


Power Talk December 2023


Pensioner Talk Newsletter December 2023


Pensioner Talk Newsletter September 2023


Power Talk Newsletter September 2023


Power Talk Newsletter July 2023


Pensioner Talk Newsletter July 2023


Power Talk Newsletter April 2023


Pensioner Talk Newsletter April 2023


Power Talk Newsletter December 2022


Pensioner Talk Newsletter December 2022


Pensioner Talk Newsletter July 2022


Power Talk Newsletter July 2022


Power Talk Newsletter April 2022


Pensioner Talk Newsletter April 2022


Power Talk October - November 2021


Pensioner Talk November 2021


Power Talk - June/July 2021


Pensioner Talk June 2021


Power Talk - November/December 2020


Pensioner Talk - November/December 2020


Power Talk July/August 2020


Pensioner Talk July/August 2020


Pensioner Talk May 2020


Power Talk May 2020


December Power Talk 2019


December Pensioner Talk 2019 (Festive Edition)


September Power Talk 2019


August Pensioner Talk 2019


Power Talk 3rd Issue 2019


Pensioner Talk - 2nd Issue 2018


Power Talk 2nd Issue 2018


Pensioner Talk 1st Issue 2018


Power Talk March 2018


Power Talk October 2017


Pensioner Talk November 2017


Pensioner Talk March 2017


Pensioner Talk - September 2016


Pensioner Talk - April 2016


EPPF Member Guide


Power Talk - September 2016


Power Talk - April 2016


Pensioner Talk - July 2015


Power Talk - July 2015


Power Talk - October 2014


Pensioner Talk - October 2014


Pensioner Talk - May 2013


Pensioner Talk - October 2013


Power Talk - June 2013


Pensioner Talk - December 2012


Power Talk - August 2012


Pensioner Talk - July 2012


Power Talk - March 2012


Pensioner Talk - March 2012


Power Talk - October 2011


Pensioner Talk - October 2011


Power Talk - April 2011


Pensioner Talk - April 2011


Power Talk - December 2010


Pensioner Talk - December 2010


Power Talk - May 2010


Pensioner Talk - July 2009


Pensioner Talk - April 2009


Power Talk - March 2009


Power Talk - January 2009


EPPF Annual Financial Statements 2023


EPPF Annual Financial Statements 2022


EPPF Annual Financial Statements 2021


EPPF Annual Financial Statements 2020


EPPF Annual Financial Statements 2019


EPPF Annual Financial Statements 2018


EPPF Annual Financial Statements 2017


EPPF Annual Financial Statements 2016


Fund Factsheet January 2024


Fund Factsheet December 2023


Fund Factsheet November 2023


Investment Performance Update Q3 2023


Fund Factsheet October 2023


Fund Factsheet September 2023


Fund Factsheet August 2023


Fund Factsheet July 2023


Fund Factsheet June 2023


Investment Performance Update Q2 2023


Fund Factsheet May 2023


Fund Factsheet April 2023


Investment Performance Update Q1 2023


Fund Factsheet March 2023


Fund Factsheet February 2023


Investment Performance Update Q4 2022


Investment Performance Update Q3 2022


Fund Factsheet January 2023


Fund Factsheet December 2022


Fund Factsheet November 2022


Fund Factsheet October 2022


Fund Factsheet September 2022


Fund Factsheet August 2022


Fund Factsheet July 2022


Fund Factsheet June 2022


Investment Performance Update Q2 2022


Fund Factsheet May 2022


Fund Factsheet April 2022


Investment Performance Update Q1 2022


Fund Factsheet March 2022


Fund Factsheet February 2022


Fund Facstsheet January 2022


Investment Performance Update Q4 2021


Fund Factsheet December 2021


Fund Factsheet November 2021.pdf


Fund Factsheet October 2021.pdf


Investment Performance Update Q3 2021


Fund Factsheet September 2021


Fund Factsheet August 2021


Fund Factsheet July 2021


Investment Performance Update Q2, 2021


Fund Factsheet June 2021.pdf


Fund Factsheet May 2021.pdf


Fund Factsheet April 2021.pdf


Fund Factsheet March 2021.pdf


Investment Performance Update Q3 2020


EPPF_Annual_Final_Financial_Statements_2020


Annual Financial Statements 2019


Annual Financial Statements 2018


Annual Financial Statements 2017


Annual Financial Statements 2016


EPPF Full Integrated Report 2023 (Single Page View)


EPPF Full Integrated Report 2023 (Double Page View)


Integrated Annual Report Guide for Members 2023


Integrated Annual Report Guide for Industry 2023


Integrated Annual Report Guide for Regulators 2023


Integrated Annual Report Guide for Sustainability 2023


EPPF Full Integrated Report 2022


Quick Guide for Members - Annual Report 2022


Quick Guide for Industry - Annual Report 2022


Quick Guide for Regulators - Annual Report 2022


Impact Report 2022


EPPF Full Integrated Report 2021


EPPF 2020 Valuation Results Summary


EPPF Full Integrated Report 2020


EPPF_Integrated_Report_2019


EPPF_Integrated_Report_2018


Annual Report 2017


Annual Report 2016


Annual Report 2015


Annual Report 2014


Annual Report 2013


Annual Report 2012


Annual Report 2011


Annual Report 2010


Annual Report 2009


About the EPPF


What drives us


Services


Executive management of the EPPF


Board of Trustees


Annual Reports


Statutory Annual Financial Statements


Investment Overview


Investment Principles & Beliefs


Asset Allocation


Responsible Investment


Fund Interest Rate


Fund Performance


Investment Strategy


Announcements


Newsletters


Articles


Careers


Tenders


Videos


Corporate Governance


Fund Rules


POPIA


PAIA Manual


Legislation & Useful Links


Help


Contact us


Locations


Educational brochures


Educational videos


Member guide


In-Service Members


Deferred Pensioners


Pensioners and Beneficiaries


Update on Brian Molefe’s appeal effort


EPPF’s response on the topic of prescribed assets


Your EPPF recap on the two-pot retirement system


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Final reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer – Reminder to vote for your new Board of Trustees


A Message from Shafeeq Abrahams, the Chief Executive & Principal Officer - January 2024


A Message from Shafeeq Abrahams, EPPF’s Chief Executive & Principal Officer – December 2023


Pensioners outside SA: Why you may not have received your 2023 pension bonus last week


EPPF is proud to release its 2022-23 results


Update: EPPF’s Two-pot Talk


Pensioner Update: Pension Increase and Bonus November 2023


Coming Soon: EPPF’s Official Facebook Group


EPPF’s Two-Pot Talk


Pensioners outside SA: Submit your Evidence of Survival info or risk your pension benefits being suspended


In-service Member Update: What the Two-Pot Retirement System Means


Member Update: Expect an email or call to rate our service over the last year


Member Update - 14 July 2023


Media Release: EPPF leads industry through its Net-Zero commitment


A Message to Pensioners from Shafeeq Abrahams, the Chief Executive and Principal Officer - March 2023


Pensioners and tax season: What to do if you receive more than one income


Rule Amendment 2


Member Update January 2023


Board of Trustee Elections


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - July 2023


Member Update July 2023 - EPPF Goes Virtual


Member Update April 2023


A Message to In-Service Members, from the Chief Executive and Principal Officer - March 2023


A Message from Shafeeq Abrahams, the Chief Executive and Principal Officer - January 2023


A Message from Shafeeq Abrahams, the EPPF Chief Executive and Principal Officer - November 2022


Member Update November 2022


EPPF INVESTMENT PERFORMANCE UPDATE (Q3, 2022)


Pension Increase and Bonus November 2022


Member Update October 2022


Pension Fund Benefits: Actuarial Factors Review 2022


Rule Amendment 1


Member Update September 2022


Member Update August 2022


Member Update July 2022


Member Update July 2022


Member Update June 2022


How EPPF members are helping job sustainability


Member Update March 2022


Message from the Chief Executive and Principal Officer


Pensioner Tax Update


Member Regulatory Update: Regulation 28 Amendments


EPPF appoints new Chief Financial Officer


Member Update - January 2022


Eskom splits off transmission division


2021 Integrated Report


Member regulatory update: Release of the Two Retirement Reform Discussion


Message from the Chief Executive


Member Update - October 2021


EPPF’s Digital Transformation Journey


The EPPF partners with Equites Property Fund in logistics deal


The Minimum Individual Reserve (MIR) explained


Congratulations to all our winners


THE ENHANCED EPPF MOBILE APP FINALLY HERE!


Amended Fund Rules


Withdrawal of retirement savings by active members


Update: Impact of recent social unrest


EPPF Operations - impact of protests


2021 Tax Certificate re-issue


Scam alert warning


EPPF Message from the Chief Executive and Principal Officer


EPPF INVESTMENT PERFORMANCE UPDATE (Q1, 2021)


MEMBER UPDATE – APRIL 2021


Member Regulatory Update


EPPF appoints new Chief Executive and Principal Officer


Member Update: Business Maverick reporting


EPPF Chief Executive and Principal Officer to step down


2020 Integrated Report


2021 Pensioner increase and bonus


MEMBER UPDATE: NOVEMBER 2020


Member Update: EPPF’s digital transformation journey


UPDATE – BUSINESS MAVERICK REPORTING ON EPPF SANCTIONED BY PRESS COUNCIL


NEW EPPF BOARD APPOINTMENTS


Announcement: COVID-19 relief special bonus for EPPF pensioners


Announcement - Eskom Employee Benefits department


EPPF changes to new pension administration system


EPPF and Global ASP matter


Trustee Elections 2019/20 results announcement


IMPACT OF CORONAVIRUS (COVID-19) AND THE RATINGS DOWNGRADE ON THE EPPF INVESTMENT PORTFOLIO


Provisional Trustee Election Results


UPDATE: EPPF OPERATIONS DURING THE 21 DAY NATIONAL LOCKDOWN AS A RESULT OF COVID-19


EPPF COVID-19 (CORONAVIRUS) MEMBER UPDATE


RESPONSE TO MEDIA ARTICLE ON EPPF’S INVESTMENT IN MPANDE PROPERTY FUND


EPPF Member/Pensioner Update - Message from the Chairman


Media report on EPPF administration


Trustee Elections : Voting phase


Former Eskom GCEO pension pay-out update


2019 PENSIONER INCREASE AND BONUS


Employee Profile: meet Tetelo Mabona


RESPONSIBLE INVESTING BY PENSION FUNDS: THE ABC OF ESG


Appointment of Ms Linda Mateza as EPPF Chief Executive and Principal Officer


EPPF calls for asset owners to promote transformation at the third EPPF Transformation Breakfast


Trustee Elections 2019/20


Supreme Court of Appeal ruling on former Eskom GCEO pension pay-out case


THE POSITION OF THE FUND ON PRESCRIBED ASSETS


Board announcement to stakeholders


The EPPF Transformation Breakfast


Diversity in Asset Management


Waseema Mocke: A Life of Risk and Reward


Thandie Mashego: A Reflection on One Year at the Fund


Meet Our New Chief Investment Officer, Sonja Saunderson


Yolisa Skwintshi: Innovation Worthy of Nomination


EPPF investment in China A equities


Eskom Pension and Provident Fund CFO Shafeeq Abrahams steps into CEO role


EPPF head of HR Shyless Nkuna says servant leadership is paramount


Eskom fund supports Pension Funds Act amendments


No reason entities that manage people’s data should not implement Popia now


Technology fulfils human purpose in pension fund environment


The Great COVID-19 Crisis, where is the bottom?


INFRASTRUCTURE: HOW PENSION FUNDS CAN SERVE MEMBERS – AND THE NATION


The future of transformation in the investment industry and the EPPF’s role


Responsible Investing by Pension Funds: The ABC Of ESG


Sound corporate governance depends on ethical leaders – and you and me


Power Talk December 2023


Pensioner Talk Newsletter December 2023


Pensioner Talk Newsletter September 2023


Power Talk Newsletter September 2023


Power Talk Newsletter July 2023


Pensioner Talk Newsletter July 2023


Power Talk Newsletter April 2023


Pensioner Talk Newsletter April 2023


Power Talk Newsletter December 2022


Pensioner Talk Newsletter December 2022


Pensioner Talk Newsletter July 2022


Power Talk Newsletter July 2022


Power Talk Newsletter April 2022


Pensioner Talk Newsletter April 2022


Power Talk October - November 2021


Pensioner Talk November 2021


Power Talk - June/July 2021


Pensioner Talk June 2021


Power Talk - November/December 2020


Pensioner Talk - November/December 2020


Power Talk July/August 2020


Pensioner Talk July/August 2020


Pensioner Talk May 2020


Power Talk May 2020


December Power Talk 2019


December Pensioner Talk 2019 (Festive Edition)


September Power Talk 2019


August Pensioner Talk 2019


Power Talk 3rd Issue 2019


Pensioner Talk - 2nd Issue 2018


Power Talk 2nd Issue 2018


Pensioner Talk 1st Issue 2018


Power Talk March 2018


Power Talk October 2017


Pensioner Talk November 2017


Pensioner Talk March 2017


Pensioner Talk - September 2016


Pensioner Talk - April 2016


EPPF Member Guide


Power Talk - September 2016


Power Talk - April 2016


Pensioner Talk - July 2015


Power Talk - July 2015


Power Talk - October 2014


Pensioner Talk - October 2014


Pensioner Talk - May 2013


Pensioner Talk - October 2013


Power Talk - June 2013


Pensioner Talk - December 2012


Power Talk - August 2012


Pensioner Talk - July 2012


Power Talk - March 2012


Pensioner Talk - March 2012


Power Talk - October 2011


Pensioner Talk - October 2011


Power Talk - April 2011


Pensioner Talk - April 2011


Power Talk - December 2010


Pensioner Talk - December 2010


Power Talk - May 2010


Pensioner Talk - July 2009


Pensioner Talk - April 2009


Power Talk - March 2009


Power Talk - January 2009


EPPF Annual Financial Statements 2023


EPPF Annual Financial Statements 2022


EPPF Annual Financial Statements 2021


EPPF Annual Financial Statements 2020


EPPF Annual Financial Statements 2019


EPPF Annual Financial Statements 2018


EPPF Annual Financial Statements 2017


EPPF Annual Financial Statements 2016


Fund Factsheet January 2024


Fund Factsheet December 2023


Fund Factsheet November 2023


Investment Performance Update Q3 2023


Fund Factsheet October 2023


Fund Factsheet September 2023


Fund Factsheet August 2023


Fund Factsheet July 2023


Fund Factsheet June 2023


Investment Performance Update Q2 2023


Fund Factsheet May 2023


Fund Factsheet April 2023


Investment Performance Update Q1 2023


Fund Factsheet March 2023


Fund Factsheet February 2023


Investment Performance Update Q4 2022


Investment Performance Update Q3 2022


Fund Factsheet January 2023


Fund Factsheet December 2022


Fund Factsheet November 2022


Fund Factsheet October 2022


Fund Factsheet September 2022


Fund Factsheet August 2022


Fund Factsheet July 2022


Fund Factsheet June 2022


Investment Performance Update Q2 2022


Fund Factsheet May 2022


Fund Factsheet April 2022


Investment Performance Update Q1 2022


Fund Factsheet March 2022


Fund Factsheet February 2022


Fund Facstsheet January 2022


Investment Performance Update Q4 2021


Fund Factsheet December 2021


Fund Factsheet November 2021.pdf


Fund Factsheet October 2021.pdf


Investment Performance Update Q3 2021


Fund Factsheet September 2021


Fund Factsheet August 2021


Fund Factsheet July 2021


Investment Performance Update Q2, 2021


Fund Factsheet June 2021.pdf


Fund Factsheet May 2021.pdf


Fund Factsheet April 2021.pdf


Fund Factsheet March 2021.pdf


Investment Performance Update Q3 2020


EPPF_Annual_Final_Financial_Statements_2020


Annual Financial Statements 2019


Annual Financial Statements 2018


Annual Financial Statements 2017


Annual Financial Statements 2016


EPPF Full Integrated Report 2023 (Single Page View)


EPPF Full Integrated Report 2023 (Double Page View)


Integrated Annual Report Guide for Members 2023


Integrated Annual Report Guide for Industry 2023


Integrated Annual Report Guide for Regulators 2023


Integrated Annual Report Guide for Sustainability 2023


EPPF Full Integrated Report 2022


Quick Guide for Members - Annual Report 2022


Quick Guide for Industry - Annual Report 2022


Quick Guide for Regulators - Annual Report 2022


Impact Report 2022


EPPF Full Integrated Report 2021


EPPF 2020 Valuation Results Summary


EPPF Full Integrated Report 2020


EPPF_Integrated_Report_2019


EPPF_Integrated_Report_2018


Annual Report 2017


Annual Report 2016


Annual Report 2015


Annual Report 2014


Annual Report 2013


Annual Report 2012


Annual Report 2011


Annual Report 2010


Annual Report 2009


We subscribe to the governance principles emanating from the Code of Corporate Practices contained in the King Report on Corporate Governance for South Africa. The Corporate Governance Framework ensures that the Board plays a leading role in the strategic guidance of the EPPF and the effective monitoring of management in terms of their duties and responsibilities towards members, pensioners, and our other stakeholders.

BOARD COMMITTEES

Several Board Committees exist in order to assist the Board of Trustees in managing the EPPF’s affairs in a structured way.

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Several Board Committees exist in order to assist the Board of Trustees in managing the EPPF’s affairs in a structured way.

Each committee operates within the ambit of its defined terms of reference and delegated authority as approved by the Board, which continues to review the performance and effectiveness of these committees on a regular basis.

The Board determines whether there is a need for committees focusing on specific areas of the EPPF’s activities, with the following Board Committees currently operational:

The Audit and Risk Committee (ARC) comprises four Board members and one Independent Expert. Meetings are attended by external and the internal auditors, the Chief Executive/Principal Officer, Chief Investment Officer, Chief Financial Officer, the Executive: Governance and Assurance and Executive Information Technology. Company Secretariat provides governance support and guidance to the Committee. Other members of staff attend by invitation. External and internal auditors have unrestricted access to the Chairperson of the committee as well as to the Chairman of the Board. The ARC has an independent role with direct accountability to the Board. The role of the Committee is to provide oversight of the effectiveness of the Fund’s financial, controls and risk management activities

It assists the Board with duties related to:

  • Monitoring the operation of systems and controls
  • Reviewing financial information


The ARC reviews the activities of External Audit, the function of which has been outsourced. The ARC is also responsible for the evaluation of the independence, objectivity, and effectiveness of the External and Internal Auditors, as well as for the review of accounting and auditing concerns identified by External and Internal Audit. The ARC assumes the responsibility for the governance of the EPPF’s Information Technology and aligning it with the performance and sustainability objectives of the EPPF.

The Membership and Benefits Committee comprises  five Board members. Meetings are normally attended by the Chief Executive/Principal Officer , Executive: Governance and Assurance, Executive Pension Administration as well as other members of  Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to primarily oversee membership and benefit matters of the Fund in accordance with the Rules, the Act and all other applicable law. As part of this role, the Committee is responsible for overseeing the investigation of death benefit claims and approving the distribution of such benefits in terms of Section 37C of the Act.

The Human Resources and Remuneration Committee (HRRC) comprises four Board members and one Independent Expert, with the Chief Executive/Principal Officer  and Executive Human Capital in attendance. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight on human capital and remuneration of the Fund.

The Strategic Investment Committee (SIC) comprises  four Board members and three  external experts. Meetings are attended by the Chief Executive/Principal Officer, Chief Investment Officer, and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The Strategic Invesment Committee’s role is to provide direction and oversight to Fund Management on strategic investments and disinvestments within the Fund, and to approve investment transactions in accordance with the IPS, subject to the limits set by the Board.

The Social, Ethics and Communications Committee (SECC) comprises five  Board members. Meetings are attended by the Chief Executive/Principal Officer, CFO, CIO, Executive: Pension Administration, Executive: Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight of the Fund’s organisational ethics, responsible corporate citizenship, sustainable development and stakeholder relationships including brand, communication matters.

The Legal and Governance Committee comprises five Board members. Meetings are attended by the Chief Executive/Principal Officer, Executive Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The primary role of the Legal and Governance Committee is to oversee the effectiveness of the legal and corporate governance functions of the Fund and deal with any legal matters on behalf of the Board within the limits set in its terms of reference.

The Audit and Risk Committee (ARC) comprises four Board members and one Independent Expert. Meetings are attended by external and the internal auditors, the Chief Executive/Principal Officer, Chief Investment Officer, Chief Financial Officer, the Executive: Governance and Assurance and Executive Information Technology. Company Secretariat provides governance support and guidance to the Committee. Other members of staff attend by invitation. External and internal auditors have unrestricted access to the Chairperson of the committee as well as to the Chairman of the Board. The ARC has an independent role with direct accountability to the Board. The role of the Committee is to provide oversight of the effectiveness of the Fund’s financial, controls and risk management activities

It assists the Board with duties related to:

  • Monitoring the operation of systems and controls
  • Reviewing financial information


The ARC reviews the activities of External Audit, the function of which has been outsourced. The ARC is also responsible for the evaluation of the independence, objectivity, and effectiveness of the External and Internal Auditors, as well as for the review of accounting and auditing concerns identified by External and Internal Audit. The ARC assumes the responsibility for the governance of the EPPF’s Information Technology and aligning it with the performance and sustainability objectives of the EPPF.

The Membership and Benefits Committee comprises  five Board members. Meetings are normally attended by the Chief Executive/Principal Officer , Executive: Governance and Assurance, Executive Pension Administration as well as other members of  Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to primarily oversee membership and benefit matters of the Fund in accordance with the Rules, the Act and all other applicable law. As part of this role, the Committee is responsible for overseeing the investigation of death benefit claims and approving the distribution of such benefits in terms of Section 37C of the Act.

The Human Resources and Remuneration Committee (HRRC) comprises four Board members and one Independent Expert, with the Chief Executive/Principal Officer  and Executive Human Capital in attendance. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight on human capital and remuneration of the Fund.

The Strategic Investment Committee (SIC) comprises  four Board members and three  external experts. Meetings are attended by the Chief Executive/Principal Officer, Chief Investment Officer, and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The Strategic Invesment Committee’s role is to provide direction and oversight to Fund Management on strategic investments and disinvestments within the Fund, and to approve investment transactions in accordance with the IPS, subject to the limits set by the Board.

The Social, Ethics and Communications Committee (SECC) comprises five  Board members. Meetings are attended by the Chief Executive/Principal Officer, CFO, CIO, Executive: Pension Administration, Executive: Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight of the Fund’s organisational ethics, responsible corporate citizenship, sustainable development and stakeholder relationships including brand, communication matters.

The Legal and Governance Committee comprises five Board members. Meetings are attended by the Chief Executive/Principal Officer, Executive Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The primary role of the Legal and Governance Committee is to oversee the effectiveness of the legal and corporate governance functions of the Fund and deal with any legal matters on behalf of the Board within the limits set in its terms of reference.

The Nominations Committee comprises five Board members, with the Executive/Principal Officer and Company Secretary in attendance.

The Nomination Committee is chaired by the Board’s Chairman. The Nominations Committee’s key responsibility is to oversee the development and implementation of various strategies for the effectiveness of the Board, including composition of the Board, Board and Committee member recruitment, Board skills needs and planning, Board and Committee performance evaluation, Board and Committee continuous professional development, and succession planning, amongst others.

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