Announcements

All the latest governance, investment, and fund-related news

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Announcements

All the latest governance, investment, and fund-related news

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


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


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 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 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


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 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


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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


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


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 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


Member Update March 2022

18 March 2022

Dear Member, 

As promised, we’d like to share an update regarding the Brian Molefe matter. 

The EPPF was at the North Gauteng High Court where the matter regarding the amount owed to the Fund by Mr. Molefe was heard. After the two-day session the Judge has reserved his ruling on the matter. The EPPF is pleased that the matter has now been heard and look forward to its conclusion once the court delivers its judgement. 

We are unable to provide any other details on the matter at this stage until the court delivers judgement. This will be shared with the members and pensioners as soon as it is delivered. 

Should you have any queries, please contact eppfcommunications@eppf.co.za .  

Regards,
 
Eskom Pension and Provident Fund

...

Message from the Chief Executive and Principal Officer

15 March 2022

Dear Member, 

 

I write to you at a time when the world at large, and South Africa in particular, is making steady progress in its recovery from the Covid-19 pandemic. However, global optimism has somewhat waned, and increased levels of uncertainty and volatility have in recent weeks come to the fore. This is largely due to the Russian-Ukrainian war and its impact on global markets - the oil price in particular; inflationary pressures and responding increases in interest rates; changes to legislation and regulations governing pension funds in South Africa, and closer to home, the ongoing Eskom unbundling. 

As the Fund, we are monitoring and assessing these developments, and continue to take the necessary steps, as required, to protect and/or advance the interests of the Fund and its members and pensioners. 

In the interim, and keeping with our spirit of accountability, I thought I should provide you a brief update on some of the Fund’s activities for the six months period ended 31 December 2021. 

Read More...

Pensioner Tax Update

10 March 2022

Dear Pensioner,

 

ALL THINGS TAX RELATED

 

As part of our ongoing efforts to keep our pensioners informed, the EPPF would like to provide you with an update around certain tax-related changes which is being implemented in 2022, which may have an impact on you. 

Read More...

EPPF appoints new Chief Financial Officer

28 January 2022

Dear Members,

 

The Eskom Pension and Provident Fund (“the Fund”) is pleased to announce the appointment of Ms. Thandie Mashego as Chief Financial Officer (“CFO”) with effect from 1 February 2022. This follows the appointment of the then CFO, Shafeeq Abrahams, to the role of Chief Executive and Principal Officer last year. 

Read More...

Member Update - January 2022

27 January 2022

Dear Member/Pensioner,

As part of our continued efforts to keep you informed, the Eskom Pension and Provident Fund (EPPF) would like to provide you with the latest information on certain matters relating to the Fund. We would like to thank the members and pensioners for engaging us on these and other matters and for ensuring that the Fund remains accountable and sustainable.

Read More...

Eskom splits off transmission division

21 December 2021

Dear Member/Pensioner,

The Eskom Pension and Provident Fund acknowledges the announcement that power utility Eskom put out on Monday, 20 December 2021, where it stated that it had executed the separation of its transmission division, subject to certain conditions, in line with its restructuring plan.

Eskom said in its statement that under the plan, its generation and transmission units had to be separated by the end of December 2021 and the distribution division by December 2022. It said this remained subject to conditions, including obtaining the applicable consents from creditors but the statement did not elaborate on other conditions or the progress of the separation of its generation unit.

The Fund wishes to confirm that this announcement has no immediate implications on the Fund and pension arrangements of members and pensioners. The current arrangements will continue as usual. Our leadership team is engaging with Eskom on this process. We will communicate any further updates to members as and when new information becomes available. 

Eskom Pension and Provident Fund

...

2021 Integrated Report

18 December 2021

The Eskom Pension and Provident Fund (EPPF or the Fund) is honoured to share this year’s Integrated annual report. The report provides transparent, succinct and material information about our performance during the year, and how this contributed to creating and sustaining value for our stakeholders. 

Read More...

Message from the Chief Executive

19 November 2021

Dear Member,

In one of my earlier communique issued in May this year, I indicated that as the EPPF we “aim to sharpen our focus on our relationship with you, the member, as well as the value we deliver to you. Of importance, is how we communicate and engage with you, as well as how our investment and operational activities respond to your needs in a timely, efficient, effective and empathetic way.”

As 2021 draws to a close, I would like to take the opportunity to update you on the progress the Fund has made in this regard, in what has been a turbulent time. The COVID-19 pandemic presented the Fund with a set of unprecedented and challenging circumstances. Nevertheless, through our digital platforms, we have managed to meet with approximately 5,800 members where we not only shared the Fund’s performance information but also had the opportunity to listen to the concerns of our members. Members have expressed concerns about the safety of their retirement savings, lower than expected annual pensioner increases as well as the lack of access to and engagement with the Fund. We have paid attention and endeavoured to address the issues raised.

Read More...

2022 Pensioner increase and bonus

16 November 2021

Dear Pensioner,

 

Minimum annual pension increase

On the recommendation of its Valuator, the EPPF Board approved a minimum pension increase for all pensioners of 5% with effect from 1 January 2022. This is in line with the Consumer Price Index (CPI) of 5% on 30 September 2021.

Read More...

Member Update - October 2021

26 October 2021

Dear Member/Pensioner,

 

In an effort to keep you updated and informed, we would like to provide the latest information on several matters relating to the Fund. We also want to thank the members and pensioners who participated in our digital engagements – those sessions were very productive and the level of engagement was noteworthy. 

The Fund also recently conducted Member Satisfaction research where members and pensioners provided feedback on their member experience. Thank you to those members who participated in the research – we will be putting together a programme to ensure that we improve our service based on your feedback.

Read More...

EPPF’s Digital Transformation Journey

20 October 2021

Dear Pensioner/Member,

The EPPF is introducing WhatsApp and USSD functionalities for EPPF members and pensioners with mobile devices. From Wednesday, 13 October 2021, the Fund is changing how it connects and services its members and pensioners with an omni-channel, self-service approach.

SERVICES AND SUPPORT AT YOUR FINGERTIPS

WhatsApp and USSD are widely used by companies from banking to information centres. The Fund intends to use these channels to provide services and support to all our members and pensioners. The platforms have been designed to simplify accessing information, interaction, and communication between the Fund and its pensioners.

Read More...

Congratulations to all our winners

05 October 2021

It is not too late for you to win big – download the app and win!

 

The EPPF has been running an exciting competition in the EPPF Mobile App promotion where participants stand a chance to win amazing weekly prizes and gain one entry into the final draw for the iPhone 12 Pro Max and Samsung Galaxy S21 smartphones grand prizes.

Read More...

THE ENHANCED EPPF MOBILE APP FINALLY HERE!

22 September 2021

Dear Member/Pensioner,

 

THE ENHANCED EPPF MOBILE APP FINALLY HERE!

Our enhanced mobile app is now live. To celebrate this, we have an exciting competition that will help you get acquainted with the enhancements to the mobile app. Find out how the mobile app can help you with access information at your fingertips by clicking here to watch our introduction video.

Read More...

Amended Fund Rules

13 August 2021

Dear Member/ Pensioner,

 

The Eskom Pension and Provident Fund (“EPPF” or “the Fund”) has amended its Fund Rules, effective 1 April 2021. The Rules were amended and submitted to the Financial Sector Conduct Authority (the “FSCA”) in the first quarter of 2021, and the FCSA has subsequently approved the Rules. 

Read More...

Update: Impact of recent social unrest

28 July 2021

Dear Member/Pensioner,

 

As a significant institutional investor within the South African economy, The Eskom Pension and Provident Fund (“EPPF” or “the Fund”), has been closely monitoring the impact of the recent social unrest which has sadly led to a loss of numerous lives and damage to a significant number of properties.

Read More...

EPPF Operations - impact of protests

13 July 2021

During the COVID-19 pandemic and the various stages of lockdown, the Eskom Pension and Pension Fund (‘EPPF’ or ‘the Fund’) has focused on ensuring minimal disruption to our operations so that we continue to serve our members and pensioners.

Read More...

2021 Tax Certificate re-issue

08 July 2021

Dear Pensioner,

The Eskom Pension and Provident Fund ("the Fund") distributed your electronic tax certificate for the 2021 Tax Year on 1 July 2021.

Read More...

Scam alert warning

26 May 2021

Please be aware that a fraudulent message has been circulated to EPPF pensioners claiming that some members have won prizes in a competition run by the EPPF.

The EPPF is currently not running any competitions for pensioners or any member group. The Fund will always communicate clearly if there is a competition, we would like you to take part in.

Read More...

EPPF Message from the Chief Executive and Principal Officer

21 May 2021

Dear Member/Pensioner,
 

As we draw deeper into the Winter, and having completed my first full month as Chief Executive and Principal Officer of the EPPF, I wish to take this opportunity to express my sincere gratitude for the overwhelming messages of support from you, the Fund’s most important stakeholder.

Read More...

MEMBER UPDATE – APRIL 2021

29 April 2021

Dear Member/Pensioner

The Eskom Pension and Provident Fund (EPPF) would like to provide the latest information on several matters relating to the Fund.

Read More...

EPPF appoints new Chief Executive and Principal Officer

31 March 2021

The Eskom Pension and Provident Fund (EPPF) Board would like to take this opportunity to bid farewell to an exemplary leader and welcome an able successor.

Read More...

Member Update: Business Maverick reporting

10 February 2021

Dear Member,

We communicated previously that the Eskom Pension and Provident Fund ("the EPPF" or "the Fund") had been the subject of a series of negative reports by the Business Maverick over the past twelve months.

Read More...

2020 Integrated Report

15 December 2020

The Eskom Pension and Provident Fund (EPPF or the Fund) is honoured to present this year's Integrated report themed "70 years of caring, value and investment".

Read More...

2021 Pensioner increase and bonus

30 November 2020

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.

Read More...

Member Update: EPPF’s digital transformation journey

07 October 2020

Latest developments on the new system

Our new administration system has now been in operation since May 2020.

Read More...

UPDATE – BUSINESS MAVERICK REPORTING ON EPPF SANCTIONED BY PRESS COUNCIL

10 September 2020

The Business Maverick has published several damaging articles about the Fund since January 2020, making various allegations against it.

Read More...

Announcement: COVID-19 relief special bonus for EPPF pensioners

24 June 2020

The COVID-19 pandemic, which started as a global health crisis, has also become a global economic crisis. There have been more than 97 000 confirmed cases of the virus in South Africa so far, and the consequences have been far-reaching for the country's economy.

Read More...

Announcement - Eskom Employee Benefits department

22 May 2020

The Eskom Pension and Provident Fund ("EPPF" or "the Fund") has been advised by Eskom Holdings SOC Ltd ("Eskom") that the Employee Benefits department has been closed. The department previously assisted EPPF pensioners with compulsory death benefit and top-up medical aid queries.

Read More...

EPPF changes to new pension administration system

06 May 2020

 

Advanced digital solutions are constantly improving the delivery of services to customers in every aspect of daily life.

Read More...

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

25 March 2020

On 23 March 2020, President Cyril Ramaphosa announced drastic measures to contain the spread of Coronavirus (COVID-19) - including a nationwide lockdown for 21 days with effect from midnight on Thursday, 26 March to Thursday 16 April 2020.

Read More...

2019 PENSIONER INCREASE AND BONUS

28 November 2019

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.

Read More...

Employee Profile: meet Tetelo Mabona

23 October 2019

Position: Investment Analyst  

“The recipe behind my success is always being ready to grasp opportunities that present themselves,” says Tetelo Mabona, Eskom Pension and Provident Fund (EPPF) investment analyst.

Read More...

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

26 August 2019

The Eskom Pension and Provident Fund (EPPF) Board is pleased to announce the appointment of Ms Linda Mateza as the new EPPF Chief Executive and Principal Officer.

Read More...

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

24 April 2018

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.

Read More...

Bonus and Pension Increase Announcement

17 November 2017

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.

Read More...

Update: Unauthorised Debit Orders

17 November 2017

There have been some developments with regards to the unauthorised debit orders that affected some EPPF Pensioners around 31 May 2017.

Read More...

NEW EPPF BOARD APPOINTMENTS

28 July 2020

I am pleased to announce the appointment of the Fund's new Chairman and Board of Trustees whose term of office started on 1 July 2020. The EPPF is governed by a Board of Trustees comprised of 14 members, which include employer-appointed, member-elected, and pensioner-elected members. 

Read More...

Trustee Elections 2019/20 results announcement

15 April 2020

The below communication has been revised to correctly reflect that elected trustees represent the interests of all members.

 

The Eskom Pension and Provident Fund (the "EPPF" or "Fund") is governed by a Board of Trustees consisting of 14 Board Members, seven of whom must be elected by members and pensioners of the Fund.

Read More...

Trustee Elections : Voting phase

06 January 2020

Dear Member/Pensioner

On 2 January 2020, the voting phase of the EPPF Trustee Elections commenced.

Read More...

Trustee Elections 2019/20

04 June 2019

The Eskom Pension and Provident Fund (the "EPPF" or "Fund") is governed by a Board of Trustees consisting of 14 Board Members, seven of whom must be elected by members and pensioners of the Fund.

Read More...

Board announcement to stakeholders

22 January 2019

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.

Read More...

How EPPF members are helping job sustainability

09 May 2022

The EPPF believes that social and economic stability is a key dependency for pension funds to function optimally and be able to pay benefits to members. Key to this is job creation which is a catalyst for economic growth.

 

South African Small Medium Enterprises (SMEs) represent most businesses and employ most of our workforce. It is in this context that the EPPF is proud to announce the launch of a debt fund designed for SMEs. The South African SME Debt Fund will be managed by Sanlam Investments, following its appointment as the external fund manager.  The debt fund seeks to help SMEs with high growth potential and stable business strategies through loans priced at a maximum interest rate of prime with an equity upside to yield a further 5% return. The loans can be repaid within a maximum period of 60 months. The EPPF committed R350 million to the investment pool while Sanlam made a co-investment of R50 million. 

 

“The EPPF recognises that it operates within an environment with many social challenges. We believe the EPPF has a role to play in social and economic transformation in the country. In line with the EPPF’s purpose to help prepare our members – and the South African economy at large – for a better financial future, we are pleased to launch this debt fund to assist SMEs,” explains Shafeeq Abrahams, Chief Executive and Principal Officer at the EPPF. 

 

The debt fund will prioritise businesses that have been in existence for at least three years and have shown signs of profitability before the COVID-19 pandemic. It will prioritise businesses in the manufacturing and agro-processing sectors, among other criteria. 

 

For more information about the SA SME Debt Fund, e-mail: institutional@sanlaminvestments.com

...

The EPPF partners with Equites Property Fund in logistics deal

14 October 2021

The Fund's investment strategy is approved by the Board of Trustees on an annual basis and is described in the Fund's Investment Policy Statement (“IPS”), which is reviewed by the Board and the financial regulators (i.e., Financial Sector Conduct Authority) annually. 

The Trustees continually analyse the performance of the Fund and regularly review the strategy to ensure it remains relevant during the prevailing market and economic environments, noting however that saving for retirement is a long-term goal and therefore the focus tends to be on the long term. 

Read More...

The Minimum Individual Reserve (MIR) explained

11 October 2021

Dear Member,

Due to the high number of queries received in recent weeks, we have compiled this communication to explain how the withdrawal benefit calculation works. We explain how the Minimum Individual Reserve (MIR) works, how it is impacted by the Earnings Yield, as well as how the calculation is done.

Read More...

EPPF INVESTMENT PERFORMANCE UPDATE (Q1, 2021)

11 May 2021

The Fund’s assets have been growing in a stable way, with all months in the first quarter of 2021 registering positive gains when compared to the previous month.

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

03 April 2020

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

02 March 2020

The
Fund has a sound investment decision-making process that requires that
investment proposals are approved (or declined) by the Strategic Investment Committee
(“SIC”), which reports to the Board of Trustees (“the Board”).

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

14 June 2019

The third Eskom Pension and Provident Fund (EPPF) Transformation Breakfast was successfully hosted at Summer Place in Hyde Park, Johannesburg, on 13 June 2019.

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The EPPF Transformation Breakfast

19 July 2018

The EPPF Transformation Breakfast was held on the 23rd March 2018 at Summer Place in Hyde Park.

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

01 September 2017

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.

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Member Regulatory Update: Regulation 28 Amendments

21 February 2022

Dear Member,

 

In this bulletin, we share an update regarding previous announcements around the proposed Regulation 28 changes which is currently being reported in the media.

Speaking at his State of the Nation debate in parliament recently, Deputy Finance Minister David Masondo mentioned that National Treasury is targeting to gazette the Regulation 28 amendments before the end of February 2022. 

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Member regulatory update: Release of the Two Retirement Reform Discussion

15 December 2021

Dear Member,

 

In this bulletin, we provide an update on the long-awaited discussion paper on retirement reform containing the much talked about “Two pot” retirement system which was published by National Treasury on 14 December 2021. In summary the discussion paper is about the Treasury’s proposals for a two-pot retirement system to cater for preservation and access to retirement funds in cases of financial need.

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Withdrawal of retirement savings by active members

29 July 2021

Dear Member,

The Eskom Pension and Provident Fund (“EPPF” or “the Fund”) is aware of media reports published where the Finance Minister, 

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Member Regulatory Update

22 April 2021

Dear Member,

In this bulletin, we share some changes and draft regulatory changes that may be of interest to you.

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EPPF and Global ASP matter

28 April 2020

Global ASP is the current systems provider to EPPF, providing the core administration, data and accounting systems to EPPF (Pension Administration System) under an 8-year contract which expires on 30 April 2020.

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EPPF Member/Pensioner Update - Message from the Chairman

01 February 2020

Dear Members and Pensioners

The Eskom Pension and Provident Fund ("EPPF" or "the Fund") is a self-administered defined benefit pension fund that has approximately 80,000 members (active members and pensioners).

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Media report on EPPF administration

10 January 2020

Dear Members and Pensioners,

We hope you enjoyed the festive season and wish you a prosperous 2020.

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Former Eskom GCEO pension pay-out update

23 December 2019

Dear Members and Pensioners

In recent months, the matter of the former Eskom GCEO pension pay-out has been garnering extensive media coverage.

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

07 May 2019

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 respondent in a matter brought by Solidarity against Eskom.

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THE POSITION OF THE FUND ON PRESCRIBED ASSETS

27 March 2019

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 the risk profiles of the affected entities”.

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

08 February 2018

The Eskom Pension and Provident Fund (“EPPF” or “the Fund”) was cited as the 5th Respondent in a matter brought by Solidarity against Eskom.

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Impact of Steinhoff International on the EPPF

07 December 2017

Background

The dramatic collapse of the share price of Steinhoff International ("SNH" or "Steinhoff") since last Friday, 1 December 2017, has been very topical.

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Advice: Take a stand against fraud and protect yourself

23 November 2017

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.

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Update: Former Eskom GCEO pension pay-out

17 November 2017

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).

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EPPF hosts PEWIN breakfast roundtable

04 October 2019

Bonus and Pension Increase Announcement 2018

27 November 2018

EPPF COVID19 (CORONAVIRUS) MEMBER UPDATE

18 March 2020

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