Board of Trustees
One of the key elements to upholding governance standards is the Board of Trustees' attitude towards governance and compliance. The Board of Trustees and the Principal Executive Officer are committed to the execution of their fiduciary duty towards the Fund and its members.
The Fund is managed by a ten-member Board of Trustees, elected and appointed in terms of the Rules of the Fund to direct, control and oversee the operations of the Fund as per the applicable legislation and the provisions of the Fund Rules.
Eight trustees are elected from various provinces and/or regions of the country according to membership representation from these provinces/regions, and one trustee is appointed by the South African Local Government Association (SALGA), with the Principal Executive Officer being the tenth Trustee. The Board of Trustees is charged with governance of the Fund and the legislated fiduciary responsibility for the Fund rests with the Board.
In order to effectively manage the fund, the Board makes use of committees to which some functions and authority of the Board are delegated. The committees are; the Executive Committee, the Investment Committee, the Legal Committee and the Communications & Stakeholder Management Committee.
The Board of Trustees and the respective committees meet regularly to conduct the business of the fund and to give effect to each committee's specific duties and responsibilities.
Charles Antonio
Chairperson: Board of Trustees
Christina Makgalemele
Chairperson: Communications and Stakeholder Management Committee
Clive Cindi
Communications and Stakeholder Management Committee
Eugene Schutte
Chairperson: Investment Committee
Sibongile Mpembe
Chairperson: Legal Committee
Ludwe Nani
Legal Committee
Noma Hlongwane
Investment Committee
Katlego Maake
Legal Committee
Board of Trustees effective 1 December 2023: Mr C C K Antonio (Chairperson: Board of Trustees); Ms M C Makgalemele (Chairperson: Communications and Stakeholder Management Committee); Mr S J Mpembe (Chairperson: Legal Committee); Mr E A Schutte (Chairperson: Investment Committee); Mr N C Cindi; Ms B N Hlongwane; Mr K E Maake; Mr L R Nani; Dr L Ndawana
Principal Executive Officer: Dr L Ndawana
Principal Executive Officer
Most of the fund's compliance functions rests with the Principal Officer and he is charged with statutory functions regarding the management of the fund. He works with the Board to ensure compliance on the part of the fund. The Principal Officer is also the Executive who is charged with the execution of Board decisions, working with the staff of the fund and appointed service providers. As the Executive of the fund, the Principal Officer is central to the governance mechanism and structures of the fund, serving in all committees of the Board.
Dr L Ndawana
Principal Executive Officer
Deputy Principal Executive Officer
Ms Tebogo Kgosi was appointed as the Deputy Principal Executive Officer, effective 1 May 2021.Tebogo brings a wealth of experience and knowledge in the retirement funds management field.
Ms Tebogo Kgosi
Deputy Principal Executive Officer