Mineworkers Provident Fund: Best Pension Fund Transparency South Africa 2017

Established in 1989 and with over 100,000 members and assets in excess of R26bn, the Mineworkers Provident Fund (MWPF) is one of South Africa’s oldest black retirement funds. With a committee established in each of the regions where it has members, the MWPF is steered by a number of bodies that complement its board of trustees and include both members and representatives of participating employers.

Regional advisory committees keep members abreast of developments within the fund and the environment in which it operates. Regular meetings are organised by each of the nine regional committees to explain decisions, provide context, offer explanations, and answer questions from members.

Placing its members central in all operations has allowed the MWPF to increase efficiency and lower overheads. In addition to mandatory statutory audits, the fund also regularly commissions independent reviews in order to gauge performance, determine adherence to its stated mission, and benchmark results against industry peers. MWPF consistently outperforms similar funds in South Africa.

Whilst most MWPF members belong to the National Union of Mineworkers, the fund is open to all workers of the sector whose employers participate in the scheme. Others may join after obtaining approval from the board of trustees.

The CFI.co judging panel commends MWPF on its dedication to operational excellence and adherence to the highest standards of governance. The judges are pleased to offer the Mineworkers Provident Fund the 2017 Best Pension Fund Transparency South Africa Award.

marten

Recent Posts

CORDET: Best Alternative Credit Investor United Kingdom 2025

CORDET provides flexible, long-term financing solutions to mid-market businesses across Northern and Western Europe, with…

5 days ago

Alpha Bank: Most Innovative Family Banking Services Greece 2025

Alpha Bank has established itself as a leading force in the Greek banking sector, recognised…

3 weeks ago

Schafer Cullen Capital Management: Innovators in Long-Term Value Equity Strategies USA 2025

Schafer Cullen Capital Management has built a reputation for disciplined, long-term value investing, backed by…

3 weeks ago

JP Morgan Chase: Most Innovative Investment Banking Services USA 2025

JP Morgan Chase stands at the forefront of the global financial industry, consistently redefining the…

3 weeks ago

Dubai World Trade Centre: Champion of Global Business and Trade Ecosystems EMEA 2025

For over four decades, Dubai World Trade Centre (DWTC) has been a cornerstone of Dubai’s…

3 months ago

Krungthai Bank PCL: Best Social Impact Bank Thailand 2025

Krungthai Bank PCL plays a pivotal role in driving sustainable economic and social development in…

3 months ago