National Fund for Municipal Workers

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Seasons greetings Oct 2019

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.

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