Page 82 - KZN Top Business Portfolio-eBook 2022

KWAZULU-NATAL JOINT
MUNICIPAL PENSION/PROVIDENT
FUNDS (NJMPF)

Active Pensioners = 30 629 Total Membership
No. of Employees: 44
Auditors / Accountants: Internal Auditors - SNG Grant
Thornton
External Auditors - Auditor General (AG)
Bankers: Standard Bank
KEY PERSONNEL
CEO / Principal Officer: Bongi Mkhize
CEO / Principal Officer: Chief Operating Officer: Sithabile Msomi
Bongi Mkhize Chief Financial Officer: Zinhle Ndlovu
Communications Manager: Sizwe Tshabalala
Full Name of Company: KwaZulu-Natal Joint Municipal
Pension/Provident Fuds (NJMPF) CONTACT DETAILS
Industry Sector: Financial Services - Retirement Funding Physical Address: 5 Derby Place, Derby Downs Office
Industry Park, University Road, Westville, 3630
Services / Products: Retirement Products - Superannuation Postal Address: P.O. Box 33, Westwood, 3633
Fund, Retirement Fund and Provident Fund Tel: +27 (0)31 279 5300 Fax: +27 (0)31 266 6715
Date Established: 1942 E-mail: info@njmpf.co.za
Customer Base: 22 000 Active Members and 9 629 Website: www.njmpf.co.za

OFFERING SUPERIOR SERVICE In a retirement funding perspective, retirement funds
should advance the core business objective, while
The KwaZulu-Natal Joint Municipal Pension/Provident simultaneously developing systems to enhance
Funds (NJMPF) drives inclusive, transparent and sustain- members and communities through creativity and
able practices through innovation and financial literacy. collaboration without incurring excessive costs. This
view that drives plans and projects is motivated by team
Lawmakers globally and international regulatory
institutions exert stringent authority over financial work, passion, strategic oversight, clear and proper
communication and education, placing members at
institutions, particularly retirement funds because of
the funds they hold. Whether these laws reduce or the core of decision making.
add value for stakeholders, the general perception The competitive edge for NJMPF is providing superior
is that as laws change and become more stringent, service to stakeholders at low fees and ensuring
costs also escalate, and room for innovation high investment returns which increases members
and creativity is in some instances reduced. One retirement benefits.
organisation is leading the pack and offers a global
example of what is meant by superior service. NJMPF has achieved excellent short and long-term
NJMPF is recognised internationally for excellence in investment performance which has enabled the
governance, investments, treating customers fairly, funds to increase and improve benefits to members
financial literacy programmes and best practices in and pensioners. Pensioners of NJMPF are awarded
retirement funding services. increases and bonuses which greatly improve their
standard of living.
NJMPF is a non-profit organisation, which provides
retirement funding benefits for municipal employees NJMPF has continued the tradition of obtaining clean
in KwaZulu-Natal. These employees are employed at audits from the Auditor General of its annual financial
55 municipalities in the Province. NJMPF’s vision is to statements in an environment where clean audits
provide superior retirement services and benefits to are rare. This is an indication of the good corporate
the over 22 000 active members and 9 000+ pensioners governance practices. NJMPF is complying with all
and beneficiaries making up its membership. principles applicable in the retirement industry.

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