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

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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

Message from the Chief Executive


2022 Pensioner increase and bonus


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


Repayment of Benefits by Former Eskom GCEO


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


Eskom Pension and Provident Fund (EPPF) appoints first-ever female Chief Executive and Principal Officer


High court ruling on former Eskom GCEO pension pay-out case


Impact of Steinhoff International on the EPPF


Advice: Take a stand against fraud and protect yourself


Bonus and Pension Increase Announcement


Update: Former Eskom GCEO pension pay-out


Update: Unauthorised Debit Orders


EPPF’s Affordable Housing Investment to Positively Impact SA’s Development


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 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 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 September 2021


Fund Factsheet August 2021


Fund Factsheet July 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 2021


Investment Performance Update Q2, 2021


Investment Performance Update Q3 2020


Fund Factsheet October 2021.pdf


EPPF_Annual_Final_Financial_Statements_2020


Annual Financial Statements 2019


Annual Financial Statements 2018


Annual Financial Statements 2017


Annual Financial Statements 2016


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


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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


Message from the Chief Executive


2022 Pensioner increase and bonus


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


Repayment of Benefits by Former Eskom GCEO


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


Eskom Pension and Provident Fund (EPPF) appoints first-ever female Chief Executive and Principal Officer


High court ruling on former Eskom GCEO pension pay-out case


Impact of Steinhoff International on the EPPF


Advice: Take a stand against fraud and protect yourself


Bonus and Pension Increase Announcement


Update: Former Eskom GCEO pension pay-out


Update: Unauthorised Debit Orders


EPPF’s Affordable Housing Investment to Positively Impact SA’s Development


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 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


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 six Board members. Meetings are attended by the External as well as the Internal Auditors, the Chief Executive, Chief Investment Officer, Chief Financial Officer, and the Executive Manager: Risk and Compliance. Other members of staff attend by invitation. External and Internal Auditors have unrestricted access to the Chairman of the committee as well as to the Chairman of the Board.

The ARC is constituted as a committee of the Board of Trustees and serves in an advisory capacity thereto. It assists the Board to discharge its duties relating to the safeguarding of EPPF assets, monitoring the operation of systems and controls, review of financial information and the preparation of annual financial statements which are provided to EPPF stakeholders and others. It reviews the activities of Internal 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 aligns it with the performance and sustainability objectives of the EPPF.

The Benefits Committee comprises six Board members. Meetings are normally attended by the Chief Executive, Executive Manager: Legal and Technical Services, Client Services Manager, and Executive Manager: Pensions Administration, as well as other members of staff who are invited to attend meetings from time to time.

The Benefits Committee is delegated the authority to oversee and direct the retirement fund operations on behalf of the Board.

The Human Resources and Remuneration Committee (HRRC) comprises five Board members and one external expert, with the Chief Executive and Executive Manager: Human Resources in attendance.

 

The HRRC is responsible for:

  • Influencing and approving human resource policies and strategies and monitoring compliance with all relevant legislation, statutory requirements, and best corporate practices.
  • Determining Executive Management remuneration and the remuneration policy framework and making recommendations to the Board in this regard; and
  • Ensuring the Executive Management remuneration policy and practice is in accordance with the best corporate practices.

The Strategic Investment Committee (SIC) comprises five Board members and four external experts. Meetings are attended by the Chief Executive, Chief Investment Officer, Investment Multi-Manager, Chief Financial Officer, and Executive Manager: Risk and Compliance.

The SIC is chaired by the Board’s Chairman. The Strategic Investment Committee's key responsibility is to attend to the investment affairs of the EPPF in accordance with the EPPF Rules and relevant statutory requirements, such as Regulation 28 of the Pension Funds Act No. 24 of 1956.

The Communications Committee (CC) comprises five trustees, including the Chairman. Meetings are attended by the Chief Executive Officer, Executive: Pensions Administration, the Executive: Governance and Assurance, the Communications Manager and other members of staff by invitation.

The Communications Committee is responsible for:

  • Overseeing review of communication policies and strategy
  • Overseeing implementation of the Fund’s communication strategy and activities
  • Considering management’s reports on communication with stakeholders
  • Reviewing press releases on Board matters, and identifying matters for action
  • Considering any ad hoc communication issues referred to it by the Board or committees

The Legal and Governance Committee (LGC) comprises five trustees, including the Chairman. Meetings are attended by the Chief Executive Officer, the Executive: Governance and Assurance, the Legal Advisor/s and other members of staff by invitation.

The LGC’s key responsibility is the oversight role of legal and governance affairs of the Fund in accordance with the Fund rules and statutory requirements.

The Audit and Risk Committee (ARC) comprises six Board members. Meetings are attended by the External as well as the Internal Auditors, the Chief Executive, Chief Investment Officer, Chief Financial Officer, and the Executive Manager: Risk and Compliance. Other members of staff attend by invitation. External and Internal Auditors have unrestricted access to the Chairman of the committee as well as to the Chairman of the Board.

The ARC is constituted as a committee of the Board of Trustees and serves in an advisory capacity thereto. It assists the Board to discharge its duties relating to the safeguarding of EPPF assets, monitoring the operation of systems and controls, review of financial information and the preparation of annual financial statements which are provided to EPPF stakeholders and others. It reviews the activities of Internal 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 aligns it with the performance and sustainability objectives of the EPPF.

The Benefits Committee comprises six Board members. Meetings are normally attended by the Chief Executive, Executive Manager: Legal and Technical Services, Client Services Manager, and Executive Manager: Pensions Administration, as well as other members of staff who are invited to attend meetings from time to time.

The Benefits Committee is delegated the authority to oversee and direct the retirement fund operations on behalf of the Board.

The Human Resources and Remuneration Committee (HRRC) comprises five Board members and one external expert, with the Chief Executive and Executive Manager: Human Resources in attendance.

 

The HRRC is responsible for:

  • Influencing and approving human resource policies and strategies and monitoring compliance with all relevant legislation, statutory requirements, and best corporate practices.
  • Determining Executive Management remuneration and the remuneration policy framework and making recommendations to the Board in this regard; and
  • Ensuring the Executive Management remuneration policy and practice is in accordance with the best corporate practices.

The Strategic Investment Committee (SIC) comprises five Board members and four external experts. Meetings are attended by the Chief Executive, Chief Investment Officer, Investment Multi-Manager, Chief Financial Officer, and Executive Manager: Risk and Compliance.

The SIC is chaired by the Board’s Chairman. The Strategic Investment Committee's key responsibility is to attend to the investment affairs of the EPPF in accordance with the EPPF Rules and relevant statutory requirements, such as Regulation 28 of the Pension Funds Act No. 24 of 1956.

The Communications Committee (CC) comprises five trustees, including the Chairman. Meetings are attended by the Chief Executive Officer, Executive: Pensions Administration, the Executive: Governance and Assurance, the Communications Manager and other members of staff by invitation.

The Communications Committee is responsible for:

  • Overseeing review of communication policies and strategy
  • Overseeing implementation of the Fund’s communication strategy and activities
  • Considering management’s reports on communication with stakeholders
  • Reviewing press releases on Board matters, and identifying matters for action
  • Considering any ad hoc communication issues referred to it by the Board or committees

The Legal and Governance Committee (LGC) comprises five trustees, including the Chairman. Meetings are attended by the Chief Executive Officer, the Executive: Governance and Assurance, the Legal Advisor/s and other members of staff by invitation.

The LGC’s key responsibility is the oversight role of legal and governance affairs of the Fund in accordance with the Fund rules and statutory requirements.

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