News

The Benefits of being a member of the NFMW

The fund's primary objective is to provide benefits for its members on their retirement or withdrawal and for their dependants or nominees in the event of the member's death. Generating investment returns for members is important to achieve this goal, but this is just one of the benefits of being a member of a retirement fund.

 

Here are some of the benefits that are worth taking note of:

 

Total contributions paid

Latest News Update June 2020

The first half of 2020 has been a challenging time for most of us. The COVID-19 pandemic has forced us to change many aspects of our lives and we are now needing to adapt to a new normal. The volatile global market conditions and the impact on members' retirement savings have also caused reason for concern, but as reported in our previous mailer the investment portfolios are recovering most of the losses experienced in the preceding months and have achieved their respective objectives over the longer term.

Investment update May 2020

Following from our recent economic update, members are well aware of the spread of the Coronavirus pandemic on a global scale and the rising local infections. The uncertainty created by the spread of the virus, the lockdown restrictions, the soaring unemployment figures and the impact on small, medium and large businesses, resulted in some severe market reactions.

Management changes within the National Fund for Municipal Workers

Please be advised that Mr Sean Samons, who has been the Principal Executive Officer of the NFMW, is no longer serving in that capacity. The Board of Trustees of the NFMW has appointed Mr Leslie Ndawana to act in the position of Principal Executive Officer with effect from 6 May 2020. Mr Ndawana has been with the NFMW as the Deputy Principal Executive Officer since 1 September 2017.

Latest investment update (April 2020)

A webinar recording on the latest NFMW's investments and the COVID-19 pandemic is provided as well as our contact information during the lock down period. Please remember, we are always here to help if you need any information or assistance with a fund-related query.

Newsletter March 2020

During these uncertain and challenging times it is understandable that members may be concerned about the impact of COVID-19 on their retirement savings. With continued volatility in all asset classes expected it is however important to retain your long-term focus and not make any rash decisions, that can have a negative long-term investment impact.

NFMW Office Closure (COVID-19 national lockdown)

President Cyril Ramaphosa announced a national lockdown for 21 days that will be implemented from midnight on Thursday in response to the growing threat of Covid-19. The lockdown period was further extended to end of April 2020. As a result, the NFMW offices are closed and will re-open after the lockdown period. Our staff will continue to work remotely to ensure the minimum disruption and to continue with service delivery.

Covid-19

First and most importantly, I hope you and your family are all well and healthy. The COVID-19 pandemic has materially impacted all aspects of our daily lives – how we work and live, market reactions and governmental interventions.

Latest Economic Update

Corona virus and the impact on the global markets

Members may be aware of the Covid-19 or Corona virus that has spread from China to other countries. The uncertainty that this has created for investors, has resulted in a severe reaction on the local and global equity markets.

Newsletter Feb 2020

Members have raised concerns regarding prescribed assets and what impact this could have on their retirement savings. We communicated on this in a previous mailer and to date there have not been any further developments.

Jan 2020

This is the first edition for 2020 and we wish you all the best for the year ahead. We trust that this will be another successful year for the fund. The NFMW's membership base now exceeds 52 000 and we remain ahead of our peers with our long-term investment performance track record.

Seasons greetings Oct 2019

NFMW-greetings

This is the last edition for 2019 and most of us are looking forward to a well-deserved break.The latest investment returns are provided in this mailer and please also take note of the office closure dates.