2020 Trustee elections: The results are in!
Good day,
We trust that you are all keeping well.
As you are aware, the National Fund for Municipal Workers conducted trustee elections to fill seven vacancies on the Board of Trustees. There were two vacancies in Gauteng, one in Limpopo, two in the Cape region, one in Mpumalanga and one in the Free State/KwaZulu-Natal/North West region.
The election process was conducted from July to October 2020 and communicated using various mediums which included postal services, electronic mailers, the fund’s website and social media pages as well as SMS-communication. This ensured that the communication reached as much as possible of the fund’s membership during the COVID-19 lockdown and restrictions.
The nomination process for members to nominate candidates closed on 14 August 2020 and the closing date for members to cast their votes for the candidates in the respective provinces, where voting was required, was on 9 October 2020.
The votes cast were validated for legitimacy, duplicates removed, spoilt votes removed, weighted according to the Rules of the Fund and finally counted. The following candidates emerged as elected Trustees in the 2020 trustee election process and will assume office on 1 November 2020.
Gauteng
Ms. Mamotlhabane Christina Makgalemele (City of Ekurhuleni)
Mr. Lucky-mor Mphuthi (City of Tshwane)
North-West, Free State and Kwa-Zulu Natal combined
Mr. Sibongile Joseph Mpembe (Metsimaholo Local Municipality - Free State)
Limpopo
Mr. Eugene Schutte (Tzaneen Local Municipality)
Western, Northern and Eastern Cape combined
Mr. John Dodo (City of Cape Town - Western Cape)
Mr. Ludwe Raymond Nani (Joe Gqabi District Municipality - Eastern Cape))
Mpumalanga
Mr. Nkosinathi Clive Cindi (Emalahleni Local Municipality)
There was a significant increase in participation in this year's elections with an approximate 144% increase in valid election forms received compared to the 2018 elections. In total more than 7500 elections forms were received and processed by the Office of the PEO.
We would like to thank our members for their active participation and in ensuring a free and fair election process. Congratulations to our newly and re-elected trustees, we look forward to your valuable contribution to the development of the fund and your service in the best interest of our members.
Please remember, we are always here to help if you need any information or assistance with a fund-related query.
Regards,
Principal Executive Officer
LATEST INVESTMENT PORTOLIO RETURNS
The table shows the long-term and most recent return declarations up to 30 September 2020:
| 3 Months | 1 Year | 3 Years Ann | 5 Years Ann | 10 Years Ann | |
|---|---|---|---|---|---|
| Shari'ah Portfolio | 2,39% | 1,96% | 3,11% | 5,98% | 5,98% |
| Capital Protector | 1,39% | 5,93% | 7,22% | 7,70% | 6,47% |
| Stable Growth | 0,68% | -2,15% | 2,78% | 5,19% | n/a |
| Capital Growth | 0,77% | -0,24% | 2,98% | 5,97% | 8,60% |
| Aggressive Growth | 1,08% | 1,60% | 3,24% | 6,13% | 9,00% |
| CPI (inflation) | 2,00% | 3,35% | 4,13% | 4,71% | 5,12% |
NFMW-MEMBERS CAN REGISTER FOR ONLINE ACCESS!
The Sanlam online platform allows you to access your benefit information, update personal and beneficiary details, request benefit statements and much more. Register now on https://cp.sanlam.co.za/ or download the free Sanlam My Retirement Application.
Please note that the fund must have your updated contact details on record in order to complete the Sanlam online registration process.
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