Since becoming a self-administered fund we have become more efficient and remained firm in our commitment to member centricity. Over and above the statutory audit the Fund commissioned an independent...Know more
The primary objectives of the Fund is to earn a net investment return (after investment management fees) which exceed inflation as measured by the Consumer Price Index (CPI) by at least 4.5% per annum over any rolling 5-year...Know more
The Trustees established the RAC's as other complementary bodies to the Board of Trustees. The RAC's are support structures to the board. The Fund has a committee in each region where there are members...Know more
The Fund is open for membership to all workers in the Mining industry whose employers are participating employers in the MineWorkers Provident Fund. Workers of other members of the Chamber of Mines in South Africa and workers of other employers whose participation in the Fund has been approved by the Trustees, may also join. Joining members must be under the age of 60 for underground employees and 63 for other employees.
According to the audited financial statements as at 31 December 2014, the membership of the Fund was 100 136. The Fund is mostly made up of members from category two to category eight. The bulk of the MineWorkers Provident Fund membership is made up of members belonging to the National Union of Mineworkers.
Each year members will receive a benefit statement telling them how much they have contributed, and what their withdrawal, death and disability and retirement benefits amount to at the date of the statement. Members must check their details carefully and refer any queries or errors to the Human Resources Department.