News

Published on 7 June, 2018

There has been much speculation around the rationalisation of retirement funds and the possible commencement date of the much-anticipated freedom of association (window period).

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Published on 31 May, 2018

The first three months of 2018 proved to be a challenging period in terms of the various NFMW portfolio returns with the recorded returns, undoubtedly, not what most investors would have expected after the recent (positive) sentiment change when Cyril Ramaphosa was elected as the ANC's and South Africa's president.

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Published on 26 April, 2018

NFMW-greetings

The trustee elections to fill four vacancies on the Board of Trustees have been successfully concluded during April. It was conducted through postal ballot elections in Limpopo, Gauteng, Mpumalanga and the combined Western, Northern and Eastern Cape provinces, to ensure a smooth, democratic and fair election process, allowing all members in these provinces an equal opportunity to participate.

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Published on 28 March, 2018

This edition includes an update on the trustee elections, the latest investment portfolio performance and the funeral cover requirements applicable to members who are joined in marriage with more than one person.

The latest benefit statements were posted to members at the beginning of March and members should please ensure that they review the information contained in the document and inform the fund if any of the information is incorrect or needs to be updated.

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Published on 8 March, 2018

As you are aware, the National Fund for Municipal Workers (NFMW) is in the process of electing four members of the Board of Trustees for the next term of office commencing 1 May 2018.

The first phase of the election process has been completed and the following valid nominations were received by the fund:

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Published on 1 March, 2018

The trustee elections to fill four positions on the Board of Trustees are well underway.

We have received valid nominations and will now start with the second phase of the election process. Members in the participating provinces, where voting is required, will receive their election communication in the upcoming weeks. Thank you for your active participation.

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Published on 31 January, 2018

Viceroy Research recently released a report in which it alleges that Capitec has been engaging in what it called "reckless lending practices". As a result, Capitec’s shares were trading down by as much as 20% on Tuesday 30 January 2018.

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Published on 18 January, 2018

This is our first news update for 2018 and we, at the NFMW, wish you and your loved ones a year filled with peace, prosperity and happiness. We are excited about the year ahead and will, as always, keep you informed about what is happening in the fund through our regular updates.

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Published on 7 December, 2017

The National Fund for Municipal Workers (NFMW) is in the process of conducting trustee elections to fill four (4) vacancies on the Board of Trustees. 

In accordance with the rules of the fund the following seats are up for election:

Gauteng -  1 member

Western Cape, Eastern Cape and Northern Cape combined -  1 member

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