National Fund for Municipal Workers


Subscribe via RSS to see when a new article has been published.

Five factors that can have a direct impact on a member's retirement savings

There are different factors that can have an impact on the benefits payable to a member on resignation and retirement. It is therefore important that members are made aware of these factors in order to assist them to make informed decisions about their retirement savings to ensure the best possible outcome.

Read article

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.

Read article

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.

Read article

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.

Read article

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.

Read article

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.

Read article

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.

Read article


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.

Read article

Latest Economic Update

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.

Read article