Get to know your Fund

The intention of the Unisa Retirement Fund is to create significant financial security for its members after retirement. It also aims to provide support for you and your family in the event of your disablement or death whilst being an active member of the Fund.

We strongly recommend that you consult a certified financial planner before making any major decisions that will affect your future financial security.

Some older members of the Fund may be entitled to a fixed, defined benefit under a legacy arrangement. For all other members, your benefit is equal to:


To ensure that the Fund is being managed properly, it is subject to an annual financial audit, carried out by external, independent auditors. 

The Fund is a separate legal entity. It does not belong to the employer or the administrator and it is registered with the Financial Sector Conduct Authority, which ensures members' rights are protected. 

The registered address of the Fund is:

7th floor, O.R. Tambo Building,
Preller Street,

The postal address of the Fund is

PO Box 392, Unisa,

The registration number of the Fund is 12 ⁄ 8 ⁄ 31320.


The Fund is managed by a Board. Half of the Board’s members have been elected by the Fund's members and pensioners, and half have been appointed by the principal employer, Unisa. (The Pension Funds Act 24 of 1956 as amended stipulates that at least 50% of the Board members must be member elected.)

In addition, there are also alternate Trustees, who will take on the roles of a Trustee should the need arise, e.g. when a full Trustee is absent from a board meeting and the chair acknowledges the alternate as standing in for such a Trustee. Alternate Trustees attend all meetings and participate actively in discussions, but their voting right depends on whether the principal Trustee attends the Board meeting or not. The Fund operates on this basis to ensure continuity within the Board.

The Fund's Board of Trustees, assisted by professional advisors, meets regularly to discuss investments, benefits and administration matters. The Fund's investments are managed by a variety of investment managers, selected by the Trustees based on the recommendation of the Fund's investment advisor.

The Board of Trustees and the service providers to the Fund are currently as follows:

Name Position Name Position
 Lavinia Khangala Principal Officer    
Reshma Mathura Chairperson and Employer Trustee Louis Crafford   Vice-Chairperson and Employee Trustee
Olaotse Kole  Employer Trustee  Teboho Majara Employee Trustee 
Annastacia Mthembu  Employer Trustee  Crystal Adams Employee Trustee
Marshal Hwehwe Employer Trustee Vishvanathan Padayachee Employee Trustee 
PJN Van Staden Alternate Employer Trustee  Virgil Fick Alternate Employee Trustee
Lindiwe Ngcobo  Alternate Employer Trustee  Nomusa Mbethe Alternate Employee Trustee 
Muthundine Sigwadi Alternate Employer Trustee  Refilwe Makgae Alternate Employee Trustee 
    Mxolisi Mkhize Alternate Employee Trustee  
Johan Muller Pensioner Principal Trustee Jannie Rossouw Alternate Pensioner Trustee

Information Officer:

Lavinia Khangala 

Service Providers:

Name of Company Service
Alexander Forbes Benefit Administrator
MortLaw Legal Advisor
Nedbank Limited Custodian
PriceWaterhouseCoopers Inc Auditors
Sanlam Life Insurance Ltd Risk Insurer
Willis Towers Watson Valuator

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