Latest News
Aug 2019
President Cyril Ramaphosa's statement in the national assembly that South Africa should have a national conversation about the use of prescribed assets, has again created some concerns amongst our fund members. Prescribed assets could refer to the percentage of retirement funds’ assets that, by law, must be invested in bonds issued by the SA government and state-owned enterprises.
Jul 2019
NFMW-greetings
The fund understands its members' need for housing finance and therefore provides housing loan guarantees based on a maximum percentage of a member's fund credit. The loan is subject to approval by the relevant credit provider and must be used for housing purposes i.e. renovating of property, purchasing of property and/or a plot and/or for the settlement or partial settlement of an existing bond.
Jun 2019
NFMW-greetings
Great news! Improved benefits and a reduction in risk cover costs with effect from 1 July 2019.
The fund understands the impact that high cost can have on a member's retirement savings and therefore always endeavours to keep it to a minimum.