Dear Member,

I’m incredibly pleased to write to you as we head into the festive season. As a member of EPPF, I’m proud to let you know that you remain the reason we continue to do our best every day. As your Fund, EPPF is pleased to end 2025 on a solid foundation. Our assets under management currently stand at an impressive more than R250-billion. What we remain mindful of is the uncertainty of the global investment climate, and are therefore careful to always have your long-term future in mind in all our work.

I shared our 2024/25 financial results during a livestream last month

You can catch up on all the important information by clicking on this link that will take you to EPPF's Integrated Annual Report page on our website. You’ll also find video messages from members of EPPF’s Executive Team, as well as EPPF’s Board Chairman, Ms Caroline Henry. In addition, you’ll be able to watch a recording of the livestream. The biggest takeaway from the results is that EPPF remains financially sound with assets under management at R230.9 billion at the financial year that ended on 30 June 2025, compared to R203.5 billion in 2024, R190 billion in 2023 and R170 billion in 2022. Our funding level was 148% on 30 June 2025, compared to 143% in 2024. The funding level essentially indicates our ability to cover our liabilities as they become due. Since 100% indicates parity, our current figure tells us we’re well able to meet our commitments, which are principally to you, as a member.

Our North Star remains our commitment to you

EPPF’s total membership increased from 80,270 to 81,207. We’ve seen in-service membership growing steadily, and we acknowledge that the improvement 

reflects the continued increase in headcount among participating employers.

As I shared in my last festive season update, the National Transmission Company South Africa (NTCSA) began trading on 1 July 2024, and we’ve included the NTCSA as an employer in terms of our Fund Rules. There are no changes to the retirement fund arrangements for the NTCSA employees as they continue as members of EPPF. This means EPPF’s participating employers are Eskom, Eskom Rotek Industries, NTCSA and EPPF. We continue to listen and take counsel from our in-service members and look forward to offering more choice in terms of benefit options in the coming months as EPPF expands as a multi-employer Fund.

From in-service to pension age, we do our best to super serve

I’m mindful that the rising cost of living impacts us all, especially our pensioners. That’s why this year, EPPF’s Board prioritised the Fund’s sustainability with affordability to ensure a cumulative bonus per household that amounted to R16 300. This amount was made up of R8 150 and an additional special bonus payment of R8 150, given the investment performance for the year. The approved pension increase was 3.4%. You can read all about it by clicking on this link that will take you to the pension increase announcement on our website.

A reminder of the ways to stay in touch with your EPPF

If you need anything Fund-related, there are various ways to get in touch. By clicking on this link, you’ll go to the contacts’ section of our website.

Watch: My festive season message to you

As 2025 makes way for 2026, I take this opportunity to wish you and your loved ones a wonderful and blessed festive season. May the new year deliver joy and peace to you.

Kind regards

Shafeeq Abrahams 

Chief Executive and Principal Officer