Get to know your Fund

The intention of the University of South Africa Retirement Fund (the 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:

7^th Floor, O.R. Tambo Building,
Preller Street,
Muckleneuk,
Pretoria

The postal address of the Fund is

PO Box 392, Unisa,
0003

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

Management

The Fund is managed by a Board of Trustees. 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 alternate Board members who will take on the roles of a Board member should the need arise, for example, when a principal Board member is absent from a Board meeting and the Chairperson acknowledges the alternate Board member as standing in for such a Board member. Alternate Board members attend all meetings and participate actively in discussions, but their voting right depends on whether the principal Board member attends the Board meeting or not. The Fund operates on this basis to ensure continuity within the Board of Trustees.

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 Board of 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
Prof. Muthundine Sigwadi	Chairperson of the Board and Principal Employer Trustee	Mr Siboleke Timakwe	Principal Member Trustee
Mr Bongani Ndaba	Principal Employer Trustee	Dr Rendani Netanda	Principal Member Trustee
Dr Lucas Mabusela	Principal Employer Trustee	Mr Levi Moleme	Principal Member Trustee
Adv. Annastacia Mthembu	Principal Employer Trustee	Ms Nomusa Mbethe	Principal Member Trustee
Dr Nic van Staden	Principal Employer Trustee	Mr Zibuze Kunene	Alternate Member Trustee
Mr Frankie Mojapelo	Alternate Principal Employer Trustee	Mr Neo Thipe	Alternate Member Trustee
Prof. Tshepo Lephakga	Alternate Principal Employer Trustee	Mr Johan Muller	Principal Pensioner Trustee
Mr Mark Lindhiem	Independent Investment Committee Member	Dr Richard Harding	Alternate Pensioner Trustee

Information and Principal Officer:

Lavinia Khangala

tkhangl@unisa.ac.za

Deputy Principal Officer:

Cedrick Pila

tpilamc@unisa.ac.za

Principal Officer Assistant:

Lutho Dondashe

tdon dals@unisa.ac.za

Service Providers:

Name of Company	Service
Simeka Consultants and Actuaries (Pty) Ltd	Benefits Consultants
Alexander Forbes Financial Services (Pty) Ltd	Fund Administrator
Alexander Forbes Investments Administration (Pty) Ltd	Investment Administrators
INfund Solutions (Pty) Ltd	Retirement Benefit Counsellors
PriceWaterhouseCoopers Inc.	Auditors
Nedbank Ltd	Custodian
Standard Bank Group Limited	Bankers
Selekane Asset Consultants (Pty) Ltd	Investment Consultants
Nedbank Limited	Investment Custodian
MortLaw Inc.	Legal Advisor
Vunani Tracing Services (Pty) Ltd	Tracing Agent (suspended pensioners)
inSite Connect (Pty) Ltd	Web Hosting
Investment Consulting and Trustee Services (ICTS) and Otshepi Investment (Pty) Ltd	Death Claims Investigators
Sanlam Trust Beneficiary Fund and ABSA Beneficiary Fund	Beneficiary Funds
Sanlam Life Insurance Ltd	Risk Insurer – Disability
Momentum Life Insurance Ltd	Risk Insurer – Death & Funeral
Willis Towers Watson (Pty) Ltd	Valuator
Camargue Underwriting Managers (Pty) Ltd	Fidelity Cover Insurer
inSite Connect (Pty) Ltd	Communication Specialists

Fund Contact Details:

The following email address, unisaret.admin@alexforbes.com, can be used by members of the Fund for any queries regarding their values, statements and other information.

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