Trustees of the Fund

The management of the Fund is the responsibility of a Board of Trustees. Both Member and Employer Groups appoint the Board of Trustees as provided by the Rules. As at 1 August 2023 the composition of the Trustees was as follows:

Member Elected Trustees	Employer Appointed Trustees
Ms. Susan Khumalo Ms. Rachel Makwela Ms. Bonita Loubser Mr. Oupa Hadebe	Mr. Ernst Loyson Mr. Jitesh Mistry Mr. Nico Pelser Ms. Marlize Scheepers

 

Employers are allowed to appoint up to two Trustees but have to date not taken up this option. 

Alternate Member Elected Trustees	Alternate Employer Appointed Trustees
Mr. Glen Leshabane Ms. Rachel Makwela Mr. Akanyang Nthutang Vacant	None

 

The Fund’s Principal Officer is Ms. Chantal Naidoo.

It is the Trustees’ responsibility to ensure that the Fund is administered properly and that the Fund’s assets are invested in accordance with the Fund’s Investment Philosophy and Mandate. The Fund is strictly regulated in terms of the Pension Fund Act, and has external auditors, consultants, administrators and an actuary.

Some of the responsibilities of the Trustees are as follows:

• Ensuring that contributions are received timeously from the employers
• Ensuring that benefits to the members and beneficiaries are paid timeously
• Ensuring that proper systems are in place to administer the fund effectively and efficiently
• Implementing the investment philosophy and choosing suitable investment managers to invest the fund’s assets
• Communicating and updating members on important matters regarding the Fund.

Service Providers

The Fund’s current service providers are as follows:

Actuaries, Consultants & Investment Advisors: Ensimini Financial Services (Pty) Ltd

Administrator: Clothing Industry (Northern Chamber) Provident Fund

Auditor: Nolands Incorporated

Investment Administrators: Old Mutual Multi-Managers