The matter of the pension pay-out of the former Eskom GCEO, Mr Brian Molefe, has been ongoing since early 2017 when the Eskom Pension and Provident Fund (“EPPF” or “the Fund”) was cited as the 5###sup/sup### respondent in a matter brought by Solidarity against Eskom. There have been subsequent developments...

In its election manifesto, the governing party outlined a plan to “investigate the introduction of prescribed assets on financial institutions’ funds to mobilise funds within a regulatory framework for socially productive investments (including housing, infrastructure for social and economic development and township and village economy) and job creation while considering...

It is with regret that the Board announces that Ms Nopasika Lila has resigned as Chief Executive and Principal Officer of the Eskom Pension and Provident Fund. Ms Lila has indicated that after thorough introspection she took a personal decision to move on.  Since her arrival in 2010 as Chief...

Each year the Board of Trustees (“the Board”) of the Eskom Pension and Provident Fund (“the EPPF” or “the Fund”) determines an annual pension increase, in accordance with the Fund’s pension increase policy. It is also the Fund’s established practice to pay a once-off pensioner bonus. The...

The EPPF Transformation Breakfast was held on the 23rd March 2018 at Summer Place in Hyde Park. The successful and informative breakfast event was aimed at showing others in the asset management sector that transformation goes hand-in-hand with performance. To view the presentation from the EPPF team, please click on the...

The Eskom Pension and Provident Fund (EPPF) is proud to announce the appointment of the first-ever female Chief Executive in the history of the Fund. The EPPF Board of Trustees has appointed Ms Nopasika Lila as the new Chief Executive and Principal Officer of the Fund effective 1 April 2018. The Board...

The Eskom Pension and Provident Fund (“EPPF” or “the Fund”) was cited as the 5th Respondent in a matter brought by Solidarity against Eskom. The 21 Respondents in the matter, among others, included Mr Molefe, Eskom Holdings SOC Ltd as well as Board Members of Eskom. The application sought for the...

Background The dramatic collapse of the share price of Steinhoff International ("SNH" or "Steinhoff") since last Friday, 1 December 2017, has been very topical. This update seeks to provide the stakeholders with information about the impact of this decline on the value and financial position of the Fund.   Context The story...

Fraud is a big concern in the retirement fund industry, costing millions and leaving victims frustrated and in other cases even destitute having been swindled off lots of money. Having left a trail of deceit, these fraudsters immediately move on to their next scam, prying on often unsuspecting and desperate...

Each year the Board of Trustees (“the Board”) of the Eskom Pension and Provident Fund (“the EPPF” or “the Fund”) determines an annual pension increase, in accordance with the Fund’s pension increase policy. It is also the Fund’s established practice to pay a once-off pensioner bonus. The pension...

Update: Former Eskom GCEO pension pay-out 17 November 2017 As you may have observed in the media, on 20 October this year, the EPPF (‘Fund’) appeared before Parliament’s Public Enterprises Committee which has been tasked with the  Inquiry into alleged state capture at 3 State-Owned Enterprises (the SOEs). Although this ongoing Inquiry...

There have been some developments with regards to the unauthorised debit orders that affected some EPPF Pensioners around 31 May 2017. The EPPF was awaiting feedback from all stakeholders to ensure that we can provide our members with more accurate and consolidated feedback. Our last update on the matter, sent out on 20...

The EPPF is pleased to announce that on 8 April 2014 it signed an agreement to commit R100m to International Housing Solutions (IHS) as part of the financing for a project to build 20 000 affordable homes across South Africa. The EPPF is proud to partner in this endeavor with IHS, which is...