march 2018 quarter 3, issue 1 sbu luthuli · in our cover story, we profile our former chief...

March 2018Quarter 3, Issue 1

Invested in ourmembers

Eight years of gold in the journey towards building the most admired fundImprove your money habits

Feel healthier, fitter and better Globally benchmarkingour investment practices

SbuLuthuli

Welcome theNew EPPFChief Executiveand Principal Officer

In this first issue of 2018, we’d like to wish you well for the year and also welcome you to this new and exciting edition of Power Talk with the theme, love and an all new you. True to the Fund’s motto, Invested in our members, this issue marks the first of many in which we provide you with immersive content that will interest you and appeal to you on a person-al level.

The look and presentation of the publication is also on a new journey to invoke a more human connection over and above the necessary Fund information that we will continue to communicate.

In our cover story, we profile our former Chief Executive, Mr Sbu Luthuli – read more about him and his journey at the Fund on page 2. With the focus on a reinvigorated you, we look at getting you fitter and healthier on page 12, while on page 6 we help you discover ways to manage your money better and to stay out of debt. Since the focus is on a better you, we delve deeper into the heart of love – self-love, and provide encouraging ways to prioritise You. On page 15, we share our book list that can inspire you and better this jour-ney called life.

We cover this hot topic of responsible investment on page 16, while we also update you on general happenings that affect the Fund, including how the Fund works.

Power Talk Contents

In thisIssue Personality profile – Eight years of gold in the journey

towards building the most admired fundEskom Pension and Provident Fund (EPPF) appoints first-ever female Chief Executive and Principal OfficerYour finances – Improve your money habitsYour health – Loving yourself moreYour health – Feel healthier, fitter and better Book list Hot topic – Globally benchmarking our investments practices Know your Fund – invested in our members Interest rates POPIIndustry news – High court ruling on former Eskom GCEO pension pay-out caseIndustry news – Impact of Steinhoff International on the EPPFEPPF to launch revamped website The family is growing Update of personal information Contact us

Editor’sNoteDear Member


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Mr Sibusiso Luthuli, the former Chief Executive and Prin-cipal O�cer of the Eskom Pension and Provident Fund suc-cessfully led the Fund until 31 March 2018, with an illus-trious eight years at the helm. Israel Mlambo, Fund Com-munications Specialist, chatted to him to re�ect on his time at the Fund and to pro�le the man who is thought to have the midas touch. The Eskom Pension and Provident Fund – known as the EPPF – has grown exponentially, over the past eight years, with assets under management increasing from a modest base of R59.2 billion to a high of R141 billion as at 31 January 2018. In this period, staff headcount increased to 103 from 80 em-ployees, servicing over 80 000 fund members. One could simply say that it has been an eight-year period of exponen-tial growth for South Africa’s second largest fund by asset value.

Various factors contribute to success of this magnitude in business, but in this instance a positive economy is not one of them as the local economy has struggled to get out of the woods since the 2008 global economic crash. Perhaps it’s an enhanced focus on investments, increased member base, improved contributions collections, a black swan. When all is said and done, one constant and definite factor in all this is Sibusiso Luthuli, the man who has been the Fund Chief Exec-utive and Principal Officer since April 2010.

SbuLuthuli

Credit must go to the Board and to all sta� who supported me”

Power Talk PersonalityProfile

Eight years of gold in thejourney towards buildingthe most admired Fund

Success points

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Invested in ourDeferred

In 2010, he got straight to business with repositioning the organisation and spent two years with his team developing an organisational strategy and charting a new path for the Fund. During 2011 and 2012, a picture of what the Fund should look like in 2017 was meticulously crafted. “We put together tangible steps and milestones for a five-year strate-gy. There was a clear plan and we pursued strong execution by sticking to the script throughout the journey of building towards being the most admired fund in the country,” he explains. “Over a 10-year period, the Fund’s returns have far exceeded CPI, a factor that speaks to our robust investment strategy”.

A known perfectionist among his colleagues, Sbu is the breed of leader that easily gets frustrated by poor delivery. He believes it is this attention to detail – which is crucial in the pension funds industry – that has contributed to his success during his tenure at the EPPF.

Born in the township of Umlazi, Durban in KwaZulu-Natal, Sbu started off by studying towards a teaching degree but had a change of heart along the way after being persuaded by his late father, who was a professor and businessman, to pursue accounting studies. A qualified Chartered Accountant, he focused on the financial services industry early on in his career with some of his proudest moments including becom-ing a business executive, director and founder at a young age. Sbu has been married to Phumzile for 18 years and they have two boys. He has a fervent passion for travel with recent trips to New York in the United States and Paris in France, while appreciating the simplest things in life such as cooking a delicious weekend dish for his family.

Although he is humbled by his achievements and having been in the driver’s seat over the significant journey of growth of the Fund, Sibusiso, simply known as Sbu, recognises the con-certed effort of his team. “Credit must go to the Board and to all staff who supported me,” he says.

�ere was a clear plan and we pur-sued strong execution by sticking to the script…”

Over a 10-year period, the Fund’s returns have far exceeded CPI, a factor that speaks to our robust investment strategy”

Power Talk

Changing gears It could be that Sbu’s earlier career bred him for the ultimate leadership role, which dominated nearly all of his adult life. At 30 years old, he was one of the youngest CEO of a bank in South Africa when he took the helm at Ithala Bank and sub-sequently, one of the youngest chairman of a listed company when he oversaw the listing of Cipla Pharmaceutical SA Lim-ited at the age of 31. As part of the transformation of the retirement funds industry, Sbu is one of the founding mem-bers of Batseta, the Council of Retirement Funds for South Africa where he is Vice Chairperson of the Board.

To steer the Fund on a sustainable path, he led the development of the funds cornerstone, the Formula for Success, which was launched with all staff members in 2013. This for-mula defines the culture and values by which the Fund operates and continues to drive our values and behaviour at the EPPF.

Sbu is frank about the challenges that the EPPF has faced, as – like any organisation – it experienced its fair share of diffi-culties. In 2017, the challenges were demanding with the EPPF reworking some of its Rules and being in the media more than usual. “Last year tested our abilities as a Fund in crisis management from a communications perspective,” he says. This of course refers to the pension benefits of the former Group Chief Executive Officer of Eskom which elicit-ed a lot of interest from many quarters.

This led to the EPPF presenting on the matter to the Parlia-mentary Committee Enquiry on Public Enterprises and a court case by certain interested parties.

“We believe that we acted correctly and safeguarded the interests of the Fund and its members given the facts and information at our disposal at the time,” says Sbu stressing that valuable lessons were learnt during this debacle and that in future the EPPF will even be more vigilant when it comes to assessing applications for benefits of this nature.

Business-oriented

�e challenges

Humble beginnings

PersonalityProfile

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Power Talk

A long-term thinker, Sbu believes that part of the EPPF’s development is ensuring that world-class best practices are applied with local context to achieve both compliance and sustainability. As part of its strategy, the Fund embarked on a responsible investing plan and became a signatory of the United Nations Principles in Responsible Investing (UNPRI). The UNPRI is used to benchmark and evaluate the Fund's responsible ownership programme against global peers. “As a Fund that is truly invested in its members, we want to ensure that investment practices reflect the best ethos and that we put our member’s money where it can provide sustainable returns,” says Sbu.

Among the things that he would like to see pursued in the retirement fund industry is gender equality in a sector which is dominated by men at the top. Sbu is not just wishful about this but practical to the extent that his successor is Ms Nopasika Lila – the EPPF’s former Chief Financial Officer. She was handed the ropes on 1 April 2018 as the new Chief Executive and Principal Officer of the Fund. In line with this, the EPPF Board is also chaired by a woman, Ms Mantuka Maisela.

Sbu is also passionate about Broad-Based Black Economic Empowerment (B-BBEE) and has driven the Fund in the direction of investment transformation. As a result, the Fund has allocated the management of more than 50% of its local listed mandates to black fund managers.

He may be handing over the reins of a Fund that is solvent and successful, however, Sbu being the game-changer, is surely not done as a business leader. When probed on his next engagement, Sbu is not rushing to reveal, but says that he wants to take time off to unwind and focus on his family and passions. From there on, it’s anyone’s guess as to what else he will lay his midas touch on.

Responsible investing

Transformation

Sbu’s passions

Fast facts about Sbu

• Ambition: Touching people’s lives• To relax: Watch TV, cooking for his family• Driver: The need for success• Recent countries visited: USA, France and Italy

• One of the youngest Chairman of a JSE-listed company at 31 years old• One of the youngest CEO’s of a bank at 30 years old• Started studying a teaching degree• Founding member of Batseta • Grew up in Umlazi township in Durban, Kwa Zulu-Natal• Has a keen sense of humour • One of the longest serving and most successful Chief Executives of the Fund with eight years at the helm

PersonalityProfile

Eskom Pension andProvident Fund (EPPF)appoints first-ever femaleChief Executive andPrincipal O�cerThe Eskom Pension and Provident Fund (EPPF) is proud to announce the appointment of the first-ever female Chief Executive in the history of the Fund. The EPPF Board of Trus-tees has appointed Ms Nopasika Lila as the new Chief Execu-tive and Principal Officer of the Fund effective 1 April 2018. The Board of Trustees wishes to thank the Fund’s outgoing Chief Executive, Mr Sbu Luthuli, who has successfully led the Fund for the last eight years.

Since joining the Fund in December 2010 and serving as Chief Financial Officer, Ms Lila has been integral to the Fund's success. A Chartered Accountant by profession, she has vast experience in the financial services industry and has previ-ously worked at, amongst others, Old Mutual and at the Public Investment Corporation.

Ms Lila also serves as an independent non-executive Direc-tor of JSE-listed company enX Group Limited and chairs its Audit Committee. She is also an independent non-executive Director of Nampak Limited and chairs its Risk and Sustaina-bility Committee.

The Board of Trustees has expressed their faith and confi-dence in Ms Lila's capability to lead the Fund into the next era and on its journey to becoming the most admired pen-sion fund.


Power Talk IndustryNews5

Power Talk YourFinances

Improveyourmoneyhabits South Africans count among the worst indebted people in the world with household debt far surpassing savings. Statis-tics South Africa data released in the winter of 2017 indicates that household debt to disposable income stood at 71%, meaning that the majority of households’ income goes to servicing debt instead of savings or planned spending.

At the same time, about 40% of the 24.08 million credit con-sumers in the country have impaired credit records, further painting a worrying picture. Those who rely on debt are not able to repay their retail credit, in some cases, they fall behind by more than three months in repayments.

This is a bleak scenario especially at a time when the cost of living keeps on rising. It is easy to fall into a debt trap and not save. Usually, people fall into debt when they start to live beyond their means. The types of debt most common to trapping people are vehicle and asset finance (VAF), fixed-term agreements, credit cards and store cards. These are driven by, among other things, adopting debt that is more than 60% of total income; focusing on purchases motivated by wants instead of needs; not drawing a strict budget and sticking to it; lack of financial goals and failing to consult a financial planner when one needs help with their finances.

It is possible to break �ee of debt with determination and theright plan.”

Debt trap

Breaking �eeWhen a person is caught up in a debt spiral, it is very difficult to save for rainy days or towards a financial goal that can add value. However, it is possible to break free of debt with determination and the right plan and eventually starting to save.


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5 Ways tobreak thedebt trap

Power Talk YourFinances

You can spring clean your finances by taking stock of all your expenses. These expenses will vary in terms of wants and needs. Focus on the wants side of your list and trim them. For example, instead of eating out four times in a month at an expensive restaurant and going to movies just as much, you could prepare a delicious dinner to enjoy at home with family or friends once a month. Rent movies online or borrow them from friends to enjoy in the comfort of your home with some popcorn. Instead of buying costly lunch at work, you could buy simple but tasty food items in bulk to prepare a lunch box.

As your car ages, its insurance has to reduce with the age (notwithstanding your driver-risk profile). Consolidate your household and car insurance in consultation with your finan-cial advisor. In some instances, banks offer payment breaks of at least one month in a year to not pay for your car – this could allow you to utilise those funds to settle other debt. When you do so, consult with your financial advisor and bank consultant.

1. Reduce the cost ofyour lifestyle

It may seem overrated and too good to be true, but a finan-cial plan may well be what you need to break free off debt. A strict financial plan, coupled with discipline, is one of the most reliable tools to manage one’s finances. To ensure that you make informed financial decisions that do not later land you in trouble, it is also best to consult a financial planner or advisor on some of your critical financial matters and plans. Financial planners are qualified professionals who are able to advise you based on a competent review of your profile and goals.

4. Have a �nancial planor consult a �nancialadvisor

In the instance where you are heavily indebted, contact a debt counsellor as provided for in the National Credit Act by the National Credit Regulator. Debt counselling allows one to enter into Debt Review as a legal means to provide relief for struggling consumers in which a debt counsellor negoti-ates a restructured payment plan. For more on debt counselling, please see the side bar.

5. Debt counsellingand review

Look at services and fee-based memberships that you have but barely use or could do without. For some, this could include gym membership that is not used, club affiliations that do not add value for you, payment for work that you could do yourself – such as ordering lunch on delivery when you could walk to fetch it.

2. Stop paying for whatyou don’t need

3. Renegotiate some ofyour payments and fees

Pros and Cons of debt counselling Pros:• When you are in debt counselling, creditors cannot take action against you• There is no permanent record of having undergone debt counselling• There is only one monthly repayment to be made• Your budget will meet your basic needs first before provision is made for debts• You will never pay more money than you can reasonably afford• A debt counsellor will suggest ways of cutting costs and saving money• You will no longer get calls from your creditors demanding payment

Cons:• You are not allowed to have more credit while undergoing debt counselling• It does cost a little bit of money, but the fees are set by law• Your debts might take longer to pay off as a result of paying smaller amounts each month

– Standard Bank of South A�ica

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Power Talk

Lovingyourselfmore

Your health


It’s great to shower people around you with love, but sometimes you need to put yourself first and show yourself some love, which will also refill your cup. As the saying goes, you can’t pour from an empty cup, so replenishing that love will leave you feeling reinvigorated. Often, love is viewed as an outward element that has to be shared with others, however, the best love is of oneself even as you maintain your social relationships.

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Power Talk

Youinc.

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SELF-NEGLECTis dangerous


When last did you spoil yourself and shower yourself with gifts? Make this year that year where you take steps to priori-tise yourself and stop self-neglect in order to improve the quality of your life. Once you are reinvigorated, feeling em-powered and good about yourself, your loved ones and people you come across will benefit too because you will be able to share the love and zest for life you have discovered.

What is important, studies have shown, is to also ensure that you take good care of yourself holisti-cally for a happier and more fulfilled you. Neglecting your mental and spiritual health can lead to deterioration of your relationships and even your physical health. This can lead to lack of quality sleep, high stress levels and even depression; self-doubt, low self-esteem and dependence on others for your happiness.

Research has shown that loneliness can be dangerous, increasing the risk of death to 50%. So, let’s help you work on filling your cup this 2018.

Your health

Waysto loveyourselfmore1. Forgive yourself for your mistakes and those of others2. Have “Me” time and fill it with beautiful thoughts or an activity you love 3. Buy yourself a beautiful gift that you actually appreciate and pamper yourself 4. Be frank and honest with yourself – the more realistic you are about yourself, the better you will accept and improve where necessary5. Never talk yourself down but rather work on increasing your self-esteem and confidence

You can’t pour �om anempty cup.”

“God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the di�erence”

Power Talk Your health

– Reinhold Niebuhr, �eologian-PhilosopherInvested in ourmembers

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Try any of theseevents to connectmore withyourselfFor three days Franschhoek becomes a bustling get-together of readers, writers, booksellers and publishers.Where? Franschhoek When? 18-20 May 2018

Power Talk Your health

Franschhoek Literary Festival

The World of Dogs & Cats and Pet ExhibitionWhere? Midrand, Gauteng When? 20-22 July 2018

WODAC Pet Expo

The East Coast Radio Big Walk has seen enormous growth and improvement over the last few years and has become one of the biggest family fun events Durban has ever seen.Where? Durban, KwaZulu-NatalWhen? 20 May 2018

The East Coast Radio Big Walk

Wine lovers from the Helderberg Region can treat themselves to some of South Africa’s top wines and specially prepared dishes from gourmet winery restaurantsWhere? Somerset West When? 8 June 2018

Taste the Helderberg

Coaching course that will guide you on a deep, personal journey into writing on past experiences, future hopes and dealing with blocksWhere? Nationwide (SA Writers College)When? Offered between 6 February 2018 and 26 June 2018

Coaching the writer within Invested in ourmembers

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Power Talk Your health 12

Feel healthier,fitter andbetterCould this be the year of the new you with improvements in your health, fitness and feeling much better about yourself? We are several months into 2018 already and many are either pushing harder to stick to their new year’s resolutions while some are falling off the wagon. Do not despair, there is always hope and time to stick to your resolutions or turn it around if you’re struggling. What is certain is that there are opportunities to get healthier, fitter and feel much better about yourself.

The benefits of good nutrition and exercise include reducing the risk of chronic disease, keeping illness at bay, improved energy, increased self-esteem and lower stress levels. Exer-cise adds to stronger bones, weight loss and maintenance, keeping your Body Mass Index (BMI) – an important metric in your general health – in the optimum range. BMI can be checked at your local pharmacy clinic such as Dis-Chem and Clicks or at a doctor.

Wearables are the biggest trend, according to online portal Statista and now includes wearable clothes that help you exercise. The technology works great for aiding in home exercise while at the same time, you can add some functions to manage your nutrition – encouraging you further to stick to a strict fitness and diet plan.

Don’t be left out, join the trend and improve your health and fitness by taking charge. It’s no longer the case of needing a personal trainer to get fit but getting on with it yourself with what is available and affordable technology can help you. The personal fitness space has shifted dramatically in recent times with the advent of technology. In 2017 alone, analyst firm Gartner had expected 310.4 million global sales of wearables with fitness fanatics forking out $US30.5 billion, of this, US$9.3 billion on smartwatches. The interest is in that wearables continue to inspire people and enabled them to plan, track and monitor their personal fitness programmes.


“...there are opportunities to get healthier, �tter and feel much better about yourself. ”Get on with it

WearablesUS$6,594m – What fitness fanatics were expected to spend worldwide wearables to aid their workouts and nutrition plans.

HIITit with thefamily

Yourhealth,your bestinvestment

To make exercise fun, get your family or friends to join you. You can take part in what is touted to be the next biggest trend in exercise – HIIT (High-Intensity Interval Training) at home. HIIT is a cardio workout technique that generally involves 20-30 seconds bursts of intense effort interjected by recovery and can take 20 minutes or less. HIIT is known to fully engage your muscles, burn calories and elevate your heart rate for maximum benefit. Taking care of your health is one of the best personal invest-

ments you can make. Not only will you feel better, but you will reduce the risk of developing chronic diseases such as obesity, cancer and various heart conditions. In South Africa, 70% of women and 40% of men are either overweight or obese. Obesity leads to many health problems and features in some of the top causes of death in the country alongside diabetes, heart diseases, strokes, respiratory diseases and high blood pressure.

You can try HIIT at home or at the gym. If gym fees and long membership contracts are a headache for you, we have a few tips on how to get around that with these affordable options:


“ HIIT is a cardio workout technique that generally in-volves 20-30 seconds bursts of intense e�ort followed inter-jected by recovery. ” “ In South A�ica, 70% of

women and 40% of men are either overweight or obese.”


is a flexible App that allows you to sign up and gain access to several studios for one low monthly fee that you can cancel and reactivate at any time. The added value is that you don’t have to focus on HIIT only, it will give you access to yoga, Pilates, CrossFit, Boot Camp and more.

Fitkey

is available nationwide and the good thing is there is no need to enter into a contract to use their facilities.

Viva Gym

which also requires no contract, offers all access to its top facilities with an affordable joining fee for monthly use with-out the hassle of cancellation fees.

myGym

Many assume that a healthy diet needs a thick wallet. This is not necessarily the case. You don’t have to get into the latest costly trends in diet to eat healthy. Try these simple solutions (on the following page) recommended by The Heart and Stroke Foundation South Africa.

Easingyour way to�tness

All you need is to break a little sweat, more often and con-sistently. We recommend a written plan and discipline to pursue these doable inexpensive home exercises.

Some of this light equipment can be purchased fromwww.makro.co.za and www.game.co.za



• Fruit and vegetables; enjoy a variety, either fresh or frozen and aim for at least five a day.• Beans and lentils for high quality carbohydrate, protein and fibre.• Low-fat or fat-free dairy foods such as milk or yoghurt for calcium, protein, minerals and vitamins.• High fibre wholegrain starchy foods such as whole wheat bread, brown rice, oats, whole wheat pasta and barley, instead of refined cereals.• Lean and fresh protein like fish, eggs, skinless chicken, lean mince and ostrich meat instead of processed and fatty meats like polony, vienna, salami, sausages and sandwich ham.• Choose healthy fats found in sunflower, canola or olive oil, soft tub margarines, peanut butter, nuts and seeds, avocado and fish.• Choose foods high in Omega-3 fats which are good for your heart and can help to improve cholesterol levels. Including fish, especially naturally oily fish such as sardines, pilchards, mackerel and salmon, which should be eaten at least twice a week.

Exercise does not always require gym or the use of technology – here are some other ways to get fitter without trying too hard if you’re pressed for time or cannot afford the technology:

• Take walks often• Perform deep breathing exercises which can also help with stress and blood flow • Join your neighbourhood park runs for cardio training• For toning, spend at least an hour doing squats, sit-ups, push-ups, hip raises and other exercises that use your own body weight and no equipment• Buy light dumbbells for resistance training • Get yourself a step for some aerobic intensity • A treadmill and stationary bike are also good investments

Tips to eat healthy

The first quarter of 2018 has drawn to a close, but it is not too late to have a fresh start and new perspective to remain on the mo-tivated path towards achieving your resolutions for this year. The following book list is linked to the theme (Love and an all new you) for this edition of Power Talk. We hope that you enjoy some of these books on your journey of constant self-improvement.

In the international bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psy-chologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical.

Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives and how we can use different techniques to guard against the mental glitches that often get us into trouble. – Amazon.com

Eckhart Tolle’s international bestseller is much more than simple principles and platitude. The book takes readers on an inspiring spiritual journey to find their true and deepest self and reach the ultimate in personal growth and spirituality: the discovery of truth and light.

From the onset, Tolle introduces readers to enlightenment and its natural enemy, the mind. He awakens readers to their role as a creator of pain and shows them how to have a pain-free iden-tity by living fully in the present.

Featuring a new preface by the author, this paperback shows that only after regaining awareness of Being, liberated from Mind and intensely in the Now, is there Enlightenment. – Amazon.com

The success stories speak for themselves in this book from money maestro Dave Ramsey. Instead of promising the normal dose of quick fixes, Ramsey offers a bold, no-nonsense approach to money matters, providing not only the how-to but also a grounded and uplifting hope for get-ting out of debt and achieving total financial health.

Ramsey debunks the many myths of money (exposing the dan-gers of cash advance, rent-to-own, debt consolidation) and attacks the illusions and downright deceptions of the American dream, which encourages nothing but overspending and massive amounts of debt. "Don't even consider keeping up with the Jone-ses," Ramsey declares in his typically candid style. "They're broke!" – Amazon.com

Power TalkBook List


The reading list

Thinking, Fast and Slow, by Daniel Kahneman

The Total Money Makeover, by Dave Ramsey

The Power of Now: A Guide to SpiritualEnlightenment, by Eckhart Tolle

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Power Talk


Hot topic

One of the biggest concerns of members and pensioners alike is the stability and solvency of the Fund. The Fund’s investment performance is key for our stakeholders, and as such, the EPPF is invested in ensuring that our assets are managed proactively and responsibly. As one of the largest pension funds in South Africa, we take our responsibility to ensure that our investments are sustainable and drive social-ly responsible investment principles while earning a return for our membership seriously.

With that focus in mind, the Fund has been a signatory to the United Nations Principles for Responsible Investment (UNPRI) since 2010. Let us find out how this programme works and benefits both the Fund and its members.

Globallybenchmarking ourinvestment practices

UNPRI is a global organisation that champions responsible investing policies, programmes and implementation using the six guiding principles listed below. They conduct annual assessments to evaluate responsible ownership programmes and allow organisations to benchmark themselves against their global peers.

So, what is UNPRI?

Responsible investing is an approach that aims to incorpo-rate Environmental, Social and Governance (ESG) factors into investment decisions, to better manage risk and gener-ate sustainable, long-term returns.

What is responsibleinvesting?

In adopting the guiding principles and being subject to the assessment, organisations may better align investors with broader objectives of society. The guiding principles that all signatories commit to as below:

Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.

Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.

Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.

Principle 5: We will work together to enhance our effective- ness in implementing the Principles.

Principle 6: We will each report on our activities and progress towards implementing the Principles.

What are the sixprinciples?

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Power Talk


Hot topic

Once the signatories have undergone the assessment, a report is generated. The Assessment Report will include the following summaries of individual scores compared to the average, grouping of similar indicators and also comparing them to the average and an aggregate of all the scores relat-ed to one of the six modules.

A�er the assessmentis completed, what isthe outcome?

How is the Fundplanning to improvegoing forward?Every year the Fund reviews its organisational policies, strat-egies and structures in line with proxy voting guidelines, cor-porate engagement programme as well as prevailing ESG challenges and demands in its investments. We will continue to focus our efforts in enhancing our performance with the interests of all stakeholders including active members and pensioners.

To read more on our responsible investment policy,click here.

For more information on UNPRI, visit their site onwww.unpri.org

The Principles of Responsible Investment assess signatories so that they are able to use the information proactively. The report assists the Fund to facilitate learning and develop-ment, outlining how the implementation of responsible investment compares year-on-year, across asset classes, and with peers at the local and global level. Based on the results of the report and scorecard, the Fund identifies areas for further improvement. The insights derived from the process also play a role in the dialogue between the Fund, investment managers and companies that the Fund invests with, on responsible investment activities and capabilities.

How is the reportused to improve theway the Fund invests?

The Fund continues to perform exceptionally well, scoring an aggregate ‘A’, well above its global peers. In the core pillars of active ownership, strategy and governance the Fund also maintained a scorecard of ‘A’. In most areas it outper-formed its global peers which affirms our continued and improved approach to wider organisational and corporate governance issues.

How did the Fundperform on theUNPRI scorecard?

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https://www.eppf.co.za/Investments/Investments%20Website%20Documents/Responsible%20Investment.pdf

Power Talk


WarmOnderwerp

Een van die grootste bekommernisse van lede sowel as pen-sioenarisse is die stabiliteit en die solvensie van die Fonds. Die Fonds se beleggingsprestasie is uiters belangrik vir ons belanghebbendes, en as sodanig is die EPPF daartoe verbind om te verseker dat ons bates proaktief en verantwoordelik bestuur word. As een van die grootste pensioenfondse ten opsigte van batewaarde in Suid-Afrika, neem ons ons verant-woordelikheid ernstig op om te verseker dat ons beleggings volhoubaar is en dryf ons sosiaal verantwoordelike beleg-gingsbeginsels terwyl ons 'n opbrengs verdien tot voordeel van ons ledebasis.

Daarmee in gedagte is die Fonds sedert 2010 'n onderteke-naar van die Verenigde Nasies se Principles for Responsible Investment (UNPRI). Kom ons kyk hoe hierdie program werk en hoe dit die Fonds asook sy lede tot voordeel strek.

Hoe onsbeleggingspraktykeaan wêreldwyemaatstawwe voldoen

UNPRI is 'n wêreldorganisasie wat 'n voorstander is van ver-antwoordelike beleggingsbeleide, -programme en -imple-mentering, deur middel van die ses leidende beginsels wat hier onder genoem word. Hulle doen jaarlikse assesserings om verantwoordelike eienaarskapprogramme te evalueer en organisasies in staat te stel om te sien hoe hulle teenoor hulle wêreldwye eweknieë vaar.

Wat is UNPRI?

Verantwoordelike belegging is 'n beleggingsbenadering wat daarop gemik is om Omgewings-, Maatskaplike en Bestuur-saspekte (ESG) by beleggingsbesluite te inkorporeer, risiko beter te bestuur en volhoubare, langtermynresultate te genereer.

Wat isverantwoordelikebelegging?

Ses beginsels word gemeet deur die UNPRI-assessering; die organisasie glo dat hulle, as hulle hierdie beginsels toepas, beleggers meer in lyn sal bring met breër doelwitte van die gemeenskap. Die ses beginsels waartoe alle ondertekenaars hulle verbind, is soos volg:

Beginsel 1: Ons sal ESG-kwessies inkorporeer by onsbeleggingsanalise en besluitnemingsprosesse.

Beginsel 2: Ons sal aktiewe eienaars wees en ESG-kwessies inkorporeer by ons eienaarskapbeleide en -gebruike.

Beginsel 3: Ons sal gepaste openbaarmaking nastreef ten opsigte van ESG-kwessies deur die entiteite waarin ons belê.

Beginsel 4: Ons sal die aanvaarding en implementering van die beginsels binne die beleggingsbedryf bevorder.

Beginsel 5: Ons sal saam werk om ons doeltreffendheid van die implementering van die beginsels te verbeter.

Beginsel 6: Ons sal elkeen verslag doen oor ons aktiwiteite en ons vordering met die implementering van diebeginsels.

Wat is die ses beginsels?

18

Power Talk


Die Principles of Responsible Investment assesseer onder-tekenaars sodat hulle die inligting proaktief kan gebruik. Die verslag help die Fonds om onderrig en ontwikkeling te fasi-liteer, deur 'n uiteensetting te gee van hoe die implementer-ing van verantwoordelike belegging oor alle bateklasse heen jaar-tot-jaar met mekaar vergelyk, asook met hulle eweknieë op plaaslike en wêreldvlak. Gegrond op die resultate van die verslag en die telkaart, identifiseer die Fonds dan gebiede waarop hulle verder kan verbeter. Die insigte wat verkry is, speel ook 'n rol in die dialoog oor verantwoordelike beleg-gingsaktiwiteite en -vermoëns tussen die Fonds, beleggings-bestuurders en maatskappye in wie die Fonds belê.

Hoe word hierdieverslag gebruik omdie manier te verbeterwaarop die Fondsbeleggings doen?

Wanneer die ondertekenaars die assessering deurgemaak het, word daar 'n verslag opgestel. Die Assesseringsverslag sal die volgende insluit:• aanwysertelling – die opsomming van die individueletellings wat verkry is en dit dan te vergelyk met die mediaan

• afdelingtellings – die samegroepering van soortgelykeaanwysertellings in kategorieë (bv. beleid, sekerheid,bestuur) en dit dan met die mediaan te vergelyk

• moduletellings – die byeenvoeging van al dieaanwysertellings binne 'n module om te wys in watter eenvan die ses prestasiegroepe dit val.

Nadat die assesseringgedoen is, wat is dieuitslag?

Die Fonds hou aan om buitengewoon goed te vaar, met 'n ‘A’-telling, wat baie hoër as sy wêreldwye eweknieë is. In die kernpilare van aktiewe eienaarskap, strategie en bestuur het die Fonds ook 'n ‘A’-telling behou. Die Fonds het op die meeste gebiede beter as sy wêreldwye eweknieë gevaar, wat weer eens bewys is van ons volgehoue en verbeterde bena-dering tot groter organisatoriese en korporatiewe bestuur-skwessies.

Hoe is die Fonds vanplan om verder teverbeter?Die Fonds hersien elke jaar sy organisatoriese beleide, strat-egieë en strukture in ooreenstemming met riglyne vir vol-magstemming en korporatiewe betrokkenheidsprogramme, asook heersende ESG-uitdagings en -vereistes in sy beleg-gings. Ons sal aanhou om daarop te fokus om ons prestasie te verbeter in die belang van alle belanghebbendes, wat ons aktiewe lede en pensioenarisse insluit.

Om meer te lees oor ons verantwoordelike beleggingsbeleid, klik hier.

Vir meer inligting oor UNPRI, gaan na die webtuiste by www.unpri.org.

Hoe het die Fonds opdie UNPRI-telkaartgevaar?

19 WarmOnderwerp


Power Talk


Taba ETjhesang

E nngwe ya dintho tseo ditho le mapenshenara ka ho tshwa-na ba amehileng haholo ka yona ke ya hore na letlole le tsit-sitse hakae le hore le be le tjhelete e lekaneng ho ba lefa. Tsela eo letsete la Letlole le sebetsang ka yona ke sona senotlolo sa ba unang molemo Letloleng lena, ka hona, EPPF e etsa bonnete ba hore diasete tsa rona di tshwarwa hantle le ka tsela e bontshang boikarabelo. Re le le leng la matlole a maholohadi a dipenshene ka theko ya diasete Afrika Borwa, re nka boikarabelo ba rona ka ho teba ho tiisa hore matsete a rona ke a moshwelella mme re latela melao e tataisang mat-sete ha ka lehlakoreng le leng re fumana tswala molemong wa ditho tsa rona.

Re nahanne ka sepheo seo, Letlole le tekenne tokomane ya selekane le Melao e Tataisang ya Matjhaba a Kopaneng Bakeng sa Letsete le ka Tsheptjwang (United Nations Princi-ples for Responsible Investment [UNPRI]), ho tloha ka 2010. A re ke re fumaneng hore na lenaneo lena le sebetsa jwang le hore na le ruisa Letlole le ditho tsa lona molemo jwang.

Ho tsitsisa mekgwaya rona ya ho etsamatsete lefatshengka bophara

UNPRI ke mokgatlo wa lefatshe o itlhommeng pele maanong a ka tshetjwang a ho tsetela tjhelete, mananeong le tshebedi-song ya melao e tsheletseng ya tataiso e thathamisitsweng ka tlaase mona. E hlahloba mosebetsi wa yona selemo le selemo ho lekanyetsa mananeo a ka tshetjwang hammoho le hore mokgatlo o tsitse ha o bapiswa le bao o qhothisanang lehlok-wa le bona.

UNPRI ke eng?

Ho tsetela tjhelete ka mokgwa o ka tshetjwang ke mokgwa wa ho etsa letsete ho nahanetswe Tikoloho, Setjhaba le Puso (Environmental, Social and Governance [ESG]) ha ho etswa diqeto tsa letsete e le hore ho behwe leihlo dikotsi tse ka bang teng esita le ho fumana tswala e tsitsitseng e tla nka nako e telele.

Letsete le ka tshetjw-ang ke le jwang?

Tlhahlobo ya UNPRI e sebedisa melao e tsheletseng e tatai-sang; mokgatlo o dumela hore ho latela melao ena ho etsa hore batsetedi ba iphaphathe le merero ya setjhaba ka ho pha-raletseng. Melao e tsheletseng eo bohle ba tekenneng sele-kane ba itlammeng ho e latela ke e latelang:

Molao o Tataisang wa 1: Re tla kenyelletsa ditaba tsa ESG ha re hlahloba letsete le ha re etsa diqeto.

Molao o Tataisang wa 2: Re tla ba beng ba letsete ba mafolofolo mme re kenyelletse ditaba tsa ESGmaanong a rona le mokgweng oo re etsang dintho ka ona.

Molao o Tataisang wa 2: Re tla batla hore mekgatlo eo re tsetelang ho yona e re tsebise dintho tse amehang ditabeng tsa ESG.

Molao o Tataisang wa 2: Re tla kgothalletsa hore Melao ena e Tataisang e amohelwe le ho sebediswa indastering ya matsete.

Molao o Tataisang wa 2: Re tla sebetsa hammoho ho ntlafatsa tshebediso ya rona ya Melao ena eTataisang.

Molao o Tataisang wa 6: Ka bomong re tla tlaleha mesebetsi ya rona le kgatelopele tabeng ya ho latela Melao ena e Tataisang.

Melao e tsheletseng etataisang ke efe?

20

Power Talk


Ba tekenneng selekane ba hlahlojwa ka melao e tataisang letsete le ka tshetjwang e le hore ba sebedise tlhahisolesed-ing ka tsela e atlehang. Tlaleho e thusa Letlole hore le fane ka thuto le ntlafatso, e bapisa tsebediso ya letsete le ka tshet-jwang selemo le selemo, mekgahlelong ya diasete le mekgat-long e qhothisanang lehlokwa le yona ya mona lapeng le lefat-sheng ka bophara. Le itshetlehile ka se fumanweng ke tlaleho le hore na karete ya dintlha e reng, Letlole le hlwaya dibaka tseo le lokelang ho ntlafatsa ho tsona. Se fumanweng ha ho nkwa mehato ena se boetse se a thusa ha ho etswa dipuisano ke Letlole, baokamedi ba matsete le dikhamphani tseo Let-lole le tsetelang ho tsona, mesebetsing ya letlole le ka tshet-jwang le bokgoning ba lona.

Tlaleho ee e sebediswajwang ho ntlafatsatsela eo Letlole letsetelang ka yona?

Hang ha ba tekenneng selekane ba entse tlhahlobo, ho etswa tlaleho. Tlaleho ya tlhahlobo e akarelletsa dintho tse latelang:• dintlha tse bontshang tshebetso ya letsetse, moo hofanwang ka kakaretso ya dintlha tse finyeletsweng e be dibapiswa le dintlha tse bohareng

• dintlha tsa dikarolo tse itseng, ho bokella dintlha tsetshwanang hammoho ho theha mekgahlelo (mohlala, leano,kgodiseho ka tshebetso, puso) ebe di bapiswa le dintlha tsebohareng

• dintlha tsa dimojule, ho bokella dintlha tsohle tse bontshangtshebetso ya letsete mojuleng e le hore ho kgethwe o lemong ho mekgwa e tsheletseng e sebetsang.

Ha tlhlahlobo eentswe, ho latela eng?

Letlole le tswela pele ho sebetsa hantle haholo, le fumane ntlha ya ‘A’, le hodimo ho mekgatlo e meng e qhothisanang lehlokwa le yona lefatsheng. Ha ho tluwa tabeng ya tshehetso e fanwang ke beng ba Letlole, mehato e latelwang esita le tsamaiso, Letlole le ntse le fumane ntlha ya ‘A’. Dibakeng tse ngata le itlhomme pele mekgatlong e qothisanang lehlokwa le yona, e leng se tiisang boikemisetso ba rona ba ho hatela pele le ho ntlafatsa ditaba tse amanang le mokgatlo wa rona le tsa tsamaiso.

Letlole le rerile hoetsa ntlafatso efenakong e tlang?Selemo le selemo Letlole le hlahloba maano a tsamaiso, mehato le mekgwa e sebediswang tumellanong le mehato e tataisang ho kgethwa ha ditho le mananeo a tshebedisano, hammoho le diphephetso tse kgolo tsa ESG le se hlokwang matseteng a lona. Re tla tswela pele ho etsa boiteko bohle ho ntlafatsa tshebetso ya rona re nahanne ka bohle ba unang molemo letloleng, ho akarelletsa le ditho tse mafolofolo hammoho le mapenshenara.

Bakeng sa ho bala ka ho eketsehileng ka leano la rona la letsete le ka tshetjwang, penya mona.

Bakeng sa tlhahisoleseding e eketsehileng ka UNPRI, etela webosaete ya rona ho www.unpri.org.

Letlole le sebeditsejwang kareteng yadintlha ya UNPRI?

21 Taba ETjhesang


Know your fund –Invested in ourmembers

Power Talk


In this section, we want to give members insight into the Fund and how it works. This will cover various topics and expand such topics over several editions of the publication.

As a retirement fund administrator, the Eskom Pension and Provident Fund (EPPF) is managed by a Board of Trustees with a core mandate to manage and administer pensions on behalf of all members. The EPPF also ensures that your pen-sion savings are not only invested responsibly and efficiently, but are safeguarded too.

This responsibility speaks to the Fund’s pay-off line, Invested in our members – meaning that everything that the Fund does is in your best interest in order to provide for your comfortable retirement or short-term savings. The EPPF’s only client is Eskom, including its subsidiary, Rotek Industries and the EPPF itself.

Led by Joey Sankar, the unit is largely concerned with the everyday interactions with members including, collection of contributions from Eskom and its subsidiaries, receiving and processing of claims, benefits management, data maintenance, member communication and client relationship management.

The Board does not involve itself in the day-to-day opera-tions of the Fund. This duty is delegated to the Chief Execu-tive and Principal Officer. The Chief Executive is assisted by an executive committee of subject-matter experts.

These experts are spread across five units, Risk and Compli-ance, Retirement Fund Operations, Finance, Investment Man-agement, Human Resources and Legal and Corporate Secre-tariat and Information Technology. These units ensure that your Fund runs efficiently in order to meet its mandate from the Board and satisfy its objectives which serve you as a member.

Key to its objectives is the Retirement Fund Operations and Investment Management Unit.

Day-to-day runningof Fund

Retirement FundOperations

Known as the Investment Management Unit (IMU), it is a strategic arm of the EPPF in that it is focused on the imple-mentation of the Fund investment policy statement as required by Regulation 28 of the Pension Funds Act No.24 of 1956. It is through this policy statement that the investment unit expresses the Fund’s investment philosophy, investment management principles and the discipline of its investment process.

Investment unit

EPPF membership is categorised into three:

In-service members – members who join the Fund and are still in service at their participating employers; also known as active members.Deferred pensioners – members who have left the service of participating employers and deferred their pension.Pensioners and bene�ciaries – members of the Fund who have reached retirement age and the dependents that they have nominated, including a spouse.

These groups of members are drawn from employers: Eskom, Rotek Industries and the EPPF.

Fund membershipoverview

22Know yourFund

Ken jou fonds –Ons belê in ons lede

Power Talk


As aftreefonds-administrateur word die EPPF bestuur deur 'n Raad van Trustees met 'n kernmandaat om pensioene ten behoewe van alle lede te bestuur en te administreer. Die EPPF verseker nie net dat jou pensioen- en voorsorgfondss-paargeld op 'n verantwoordelike en doeltreffende manier bestuur word nie, maar ook dat dit beveilig word.

Hierdie verantwoordelikheid getuig van die Fonds se leuse: Ons belê in ons lede –wat beteken dat alles wat die Fonds doen in jou beste belang is, naamlik om te sorg vir jou gerief-like aftrede of jou korttermyn-belegging. Die EPPF se enigste lede is Eskom, wat sy filiale Roshkon, Rostek Industries en die EPPF self insluit.

Die eenheid, met Joey Sankar aan die hoof, is hoofsaaklik betrokke by die daaglikse interaksie met lede, onder andere die verkryging van bydraes by Eskom en sy filiale en die verw-erking van eise, die bestuur van voordele, die kommunikasie aan lede en die bestuur van kliënteverhoudinge.

Die Raad raak nie betrokke by die dag-tot-dag-bedrywighede van die Fonds nie. Hierdie verantwoordelikheid is oorgegee aan die Hoof Uitvoerende Beampte (Sibusiso Luthuli, wat op 1 April 2018 deur Nopasika Lila vervang sal word). Die Hoof Uitvoerende Bestuurder word bygestaan deur 'n uitvoeren-de komitee van deskundiges op die gebied. Sibusiso verlaat die Fonds aan die einde van Maart 2018 (sien asseblief die voorbladstorie).

Hierdie deskundiges is versprei oor vyf kerneenhede, naam-lik Oudit en Risiko, Aftreefondsbedrywighede, Beleggings, Menslike Hulpbronne en Regs- en Tegniese sake. Hierdie kerneenhede verseker dat julle Fonds doeltreffend bestuur word ten einde die Raad se mandaat te vervul en sy doel-witte na te kom, wat weer tot voordeel is van jou as lid.

Die sleutel tot hierdie doelwitte is die Fondsbedrywighede- en Beleggingsbestuur-eenheid.

Dag-tot-dag-bestuur van die Fonds

A�reefondsbedrywighede

Die eenheid staan bekend as die Beleggingsbestuureenheid (IMU) en is 'n strategiese arm van die EPPF omdat dit daarop gefokus is om die Fonds se beleggingsbeleidstaat te imple-menteer soos vereis deur Regulasie 28 van die Pensioen-fondswet, Wet 24 van 1956. Deur hierdie beleidsverklaring verwoord die eenheid die Fonds se beleggingsfilosofie, beleg-gingsbestuurbeginsels en die dissipline van sy beleggingspros-es.

As die Fonds solvent wil bly en genoeg reserwes wil behou, moet dit nie net die bydraes van deelnemende werknemers op 'n doeltreffende manier inkry nie, maar moet dit ook jou geld in die markte belê. Die EPPF het gekies om 'n multi-bestuur-benadering te volg met hulle beleggingstrategie. Dit beteken dat die Fonds die meeste bates allokeer aan beleg-gingsbestuurders, wat hulle dan ten doel stel om die bates te laat groei namens die Fonds en sy lede. Party van die bates teiken byvoorbeeld aandele en obligasies, plaaslik en interna-sionaal, om puik opbrengste te lewer. Om die bestuur van die bates te diversifiseer, fokus die IMU op die interne bestuur van 40% van die EPPF se bates in die kategorieë kont-ant/geldmark, gelyste aandele en gelyste eiendomme.

Die EPPF is 'n vastevoordeel-pensioenfonds wat geregistreer is by die Raad op Finansiële Dienste onder die Wet op Pen-sioenfondse. Omdat dit 'n geslote skema is, streef ons daarna om dit die mees gesogte fonds in Suid-Afrika te maak en dit is die fonds met die tweede grootse hoeveelheid bates in Suid-Afrika.

Beleggingseenheid

Hoe jou geld belê word

Die EPPF se beleggingsdoelwit

Oorsig van Fondslidmaatskap

23

Die EPPF-lidmaatskap is in drie kategorieë verdeel:

In-service members – sluit aan by die Fonds as deel van hulle diensvoorwaardes van hulle deelnemende werkgewers. Deferred pensioners – lede wat die diens verlaat het van deel-nemende werkgewers en hulle pensioen uitgestel het.Pensioners and bene�ciaries – lede van die Fonds wat aftreeou-derdom bereik het en hulle begunstigdes wat hulle genomi-neer het, wat 'n huweliksmaat insluit.

Hierdie groepe van lede word verkry uit werkgewers van Eskom, Rotek Industries en die EPPF.

Om 'n netto, werklike Rand-beleggingsopbrengs van ten minste 4.5 persent per jaar te verdien oor 'n rollende tyd-perk van drie jaar. Met ander woorde, ons het dit ten doel om 'n jaarlikse opbrengs te verdien van ten minste 4.5 persent na inflasie (soos gemeet deur die Suid-Afrikaanse Verbruikersprysindeks), toepaslike belasting, asook beleg-gingsfooie en -kostes.

Know yourFund

Tseba letlole la hao –Re tsetetse ho ditho tsa rona

Power Talk


E le motsamaisi wa letlole la ho tlohela mosebetsi, EPPF e laolwa ke Boto ya Batsamaisi eo thomo ya yona e leng ho tsamaisa le ho aba penshene bakeng sa ditho tsohle. EPPF e boetse e tiisa hore ditjhelete tsa hao tsa penshene le tsa letlole la ho beha meja fatshe ha di tsetelwe ka mokgwa o bontshang boikarabelo feela, empa di boetse di sireletsehile.

Boikarabelo bona bo tumellanong lelepetjo la Letlole lena, Re tsetetse ho ditho tsa rona – e leng se bolelang hore sohle seo Letlole le se etsang se molemong wa hao bakeng sa ditjhelete tsa ha o tlohela mosebetsi kapa tseo o di bolokileng ka nak-wana. Bareki ba EPPF ke basebetsi ba Eskom feela, ho akarel-letsa le makalana a yona, e leng Roschcon, Diindasteri tsa Rostek le EPPF ka boyona.

Lefapha lena le etellwang pele ke Joey Sankar, le amehile haholo ka tsebedisano ya letsatsi le letsatsi le ditho, ho aka-relletsa ho bokella tjhelete e tswang Eskom le ho makalana a yona, ho fumana ditleleimi le ho di sebetsa, ho sebetsana le melemo ya letlole, ho buisana le ditho esita le ho laola tshebedisano le bareki.

Boto ha e ikamahanye le mosebetsi wa letsatsi le letsatsi wa Letlole. Boikarabelo bona bo behilwe mahetleng a Molaodi wa Phethahatso le Ofisiri e Ikarabellang (Sibusiso Luthuli, ya tlo nkelwa sebaka ke Nopasika Lila ka la 1 April, 2018). Mookamedi ya ka Sehloohong o thuswa ke komiti ya phetha-hatso ya batho ba nang le boiphihlelo ditabeng tsa mofuta ona. Sibusiso o tlohela Letlole lena mafelong a March, 2018 (ka kopo sheba pale e leqepheng le qalang).

Batho bana ba nang le boiphihlelo ba mafapheng a mahlano, lefapha la Tlhahlobo ya Ditjhelete le Dikotsi, la Tshebeletso ya Letlole la ho Beha Meja Fatshe, la Ditjhelete Tse Tsetel-wang, la Tsamaiso ya Basebetsi le la Molao le Theknoloji. Ma-fapha ana a bohlokwa a tiisa hore Letlole la hao le sebetsa hantle e le ho phethahatsa thomo ya oona e tswang ho Boto esita le ho finyella sepheo sa yona sa ho o sebeletsa jwaloka setho.

Lefapha la Tshebetso le Lefapha la Tsamaiso ya Ditjhelete ke ona a ka sehloohong ho etsa bonnete ba hore ho finyellwa sepheo seo.

Tsamaiso ya letsatsi le letsatsi ya Letlole

Tshebetso ya Letlole la ho Beha MejaFatshe

Lefapha lena le tsebahalang e le Lefapha la Tsamaiso ya Mat-sete (Investment Management Unit [IMU]), le ka bitswa letsoho la EPPF ka kutlwisiso ya hore ke lona le shebaneng le ho kenngwa tshebetsong ha Leano la Matsete jwalokaha ho hlokwa ke Molawana wa 28 tlasa Molao wa 24 wa Matlole a Penshene wa 1956.

E le hore Letlole le dule le na le tjhelete e lekaneng ho lefa bareki le be le be le e setseng, le lokela ho bokella tjhelete e lekaneng ho basebetsi ba nkang karolo, le be le tsetele tjhe-lete ya hao dimmarakeng tsa ditjhelete. EPPF e kgethile ho latela mokgwa wa ho tsetela tjhelete ka ho sebedisa batsa-maisi ba matsete ba sa tshwaneng, moo boholo ba diasete di abelwang batsamaisi bao ba matsete ka morero wa ho eketsa diasete molemong wa Letlole le ditho tsa lona. Ka mohlala, tse ding tsa diasete tse shebilweng ke matla a dishere le dib-onto bakeng sa mona lapeng le matjhabeng e le hore tswala e be e ntle haholo. E le ho hodisa tsamaiso ya diasete, IMU e sheba ka ho kgetheha taolo ya diasete tse etsang 40% tsa EPPF, e bang e ka ba ka mmaraka wa ditjhelete, matla a dish-ere esita le ka thepa e ngodisitsweng.

Ke tlasa Leano lena moo lefapha la matsete le hlalosang sepheo sa letsete la Letlole lena, melao e tataisang letsete hammoho le mehato e amehang ha ho etswa letsete.

EPPF ke letlole la penshene le ngodisitsweng ka molao Lek-gotleng la Ditshebeletso tsa Ditjhelete tlasa Molao wa Mat-lole a Penshene. Jwaloka setlamo sa batho ba itseng feela, morero ke hore e qetelle e le letlole le ratwang ka ho fetisisa Afrika Borwa mme ke la bobedi ha ho tluwa tabeng ya diasete tse ngata.

Lefapha la matsete

Ho tsetela tjhelete ya hao

Sepheo sa letsete la EPPF

Tlhaloso e kgutshwanyane ya ho ba sethosa Letlole

24

Ditho tsa EPPF di arotswe ka mekgahlelo e meraro:

Ditho tse sebetsang – di kena Letloleng e le karolo ya se fanwang ke bahiruwa ba bona.Mapenshenara a tjhetjhisitsweng – ditho tse tlohetseng moseb-etsi mme tsa tjhetjhisa penshene ya tsonaMapenshenara le ba unang molemo – ditho tsa Letlole tse dile-mong tsa ho tlohela mosebetsi hammoho le bahlokomeduwa bao di ba kgethileng, ho akare-letsa molekane.

Dihlopha tsena tse bopang ditho di tswa ho basebetsi, Eskom, Diindasteri tsa Rotek le EPPF.

Sepheo ke ho fumana tswala ya diphesente tse 4.5 ka selemo ho Ranta, nakong ya dilemo tse tharo tse latelanang. Ka mantswe a mang, re ikemiseditse ho fumana tswala ya bonya-ne diphesente tse 4.5 ka selemo ka mora ho ntsha ho phaha-ma ha theko ya dintho (jwalokaha ho lekanyetswa ke Pheto-ho ya Ditheko e Amang Bareki Afrika Borwa [South African Consumer Price Index]), lekgetho le lokelang ho lefuwa ham-moho le ditefello tsa matsete le ditjheho tsa ona.

Know yourFund

Interest ratesPower Talk

Fund Interest Rates

Interestrates


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0,3

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Quarter 1Year

2006200720082009201020112012201320142015201620172018

Quarter 2 Quarter 3 Quarter 4

16%18,5%24%16%5%7%

6,5%11,5%14,5%14,9%14,93%12,52%9,13%

8.40%21%23%0%7%7%

7,25%13,5%14,7%14,5%14,19%10,25%

16%24%22%0%7%7%

8,25%16%

14,63%15,16%13,96%9,64%

16%24%21%0%7%7%

9,5%14,7%17,15%14,84%13,87%10,18%

The Fund interest rate is a percentage set by the Board to apply to the investment schemes in the EPPF.

The investment schemes include your normal monthly contributions which make up your benefit in the EPPF, Additional Voluntary Contribution (AVC) Scheme, the Performance Bonus Scheme, in which the pensionable portion of members’ performance bonus-es are invested, and the Deferred Pension Scheme.

The percentage is set in order to determine the rate of return on members’ investment benefits in the various schemes. The Board reviews the interest rate on a quarterly basis, taking into consideration the financial performance of the EPPF’s investments.

Below are the Fund interest rates for the last 12 years.

25

Rentekoerse Power Talk

Fund Interest Rates

Rente-koerse


20060

0,05

0,1

0,15

0,2

0,25

0,3

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018


Quarter 1Year

2006200720082009201020112012201320142015201620172018


16%18,5%24%16%5%7%

6,5%11,5%14,5%14,9%14,93%12,52%9,13%

8.40%21%23%0%7%7%

7,25%13,5%14,7%14,5%14,19%10,25%

16%24%22%0%7%7%

8,25%16%

14,63%15,16%13,96%9,64%

16%24%21%0%7%7%

9,5%14,7%17,15%14,84%13,87%10,18%

Die Fonds se rentekoers is 'n persentasie wat deur die Raad bepaal word en wat van toepassing is op al die beleggingskemas in die EPPF.

Die beleggingskemas sluit in jou normale maandelikse bydraes, wat jou voordeel uitmaak in die EPPF, en die derde reël moet lees Addisionele Vrywillige Bydrae (AVB).

Skema, die Prestasiebonusskema, waarin die pensioengewende deel van lede se prestasiebonusse belê word, en die Uitgestelde Pen-sioenskema. Die persentasie word vasgestel om die opbrengskoers op lede se beleggingsvoordele in die verskillende skemas te bepaal. Die Raad hersien die rentekoers kwartaalliks, en neem die finansiële prestasie van die EPPF se beleggings in aanmerking.

Onder is die Fonds se rentekoerse vir die afgelope 12 jaar.

26

Sekgahla sa phaelloPower Talk

Fund Interest Rates

Sekgahla saphaello


20060

0,05

0,1

0,15

0,2

0,25

0,3

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018


Quarter 1Year

2006200720082009201020112012201320142015201620172018


16%18,5%24%16%5%7%

6,5%11,5%14,5%14,9%14,93%12,52%9,13%

8.40%21%23%0%7%7%

7,25%13,5%14,7%14,5%14,19%10,25%

16%24%22%0%7%7%

8,25%16%

14,63%15,16%13,96%9,64%

16%24%21%0%7%7%

9,5%14,7%17,15%14,84%13,87%10,18%

Sekgahla sa phaello ya Letlole ke diphesente tse behilweng ke Boto hore di sebetse ditlamong tsa matsete ho EPPF.

Setlamo sa letsetse se akarelletsa tjhelete e tlwaelehileng e lefuwang kgwedi le kgwedi, e leng yona e bopang melemo eo o tla e una ho EPPF, Mola wa boraro o lokela ho baleha tjena: Tjhelete e eketsehileng e ntshwang ka Boithatelo (Additional Voluntary Contri-bution [AVC])

Setlamo, e leng Phethahatso ya Setlamo sa Bonase, moo karolo e itseng ya bonase ya ditho e ka etswang karolo ya penshene e tsetelwang, hammoho le Setlamo sa Penshene e Tjhetjhisitsweng.

Diphesente di behwa ka morero wa ho fumana tswala ho melemo ya matsete a ditho ditlamong tse sa tshwaneng. Boto e hlahloba sekgahla sa tswala kotareng e nngwe le e nngwe, e nahanetse tshebetso ya ditjhelete tsa Matsete a EPPF.

Ka tlase mona ke sekgahla sa phaello ya Letlole dilemong tse 12 tse fetileng.

27

Protectionof PersonalInformation Act(POPI)In 2013, certain sections of the POPI Act came into effect. The POPI Act seeks to regulate the processing of personal information. The purpose of the POPI Act is to ensure that all South African institutions conduct themselves in a responsible manner when they are in possession of another entity or person’s personal information. This includes prohibiting the sharing of member’s personal information with third parties. The Fund complies with the POPI Act to ensure that our members’ information is secure and pro-tected. Therefore the EPPF does not provide pension information to third parties (e.g. financial advisors) unless compelled to do so by law.

Power TalkPOPI Act


28

Wet opBeskerming vanPersoonlike Inligting (POPI)In 2013 het ŉ sekere seksie van die POPI-wet in werking getree. Met POPI word daar gepoog om die verwerking van persoonlike inligting te reguleer. Die doel van POPI is om te verseker dat alle Suid-Afrikaanse instellings verantwoordelik optree wanneer hulle in besit is van ŉ ander entiteit of persoon se persoonlike inligting. Dit sluit ŉ verbod in dat enige lid se persoonlike inligting met der-departye gedeel mag word. Die Fonds tree op in ooreenstemming met die POPI-wet deur te verseker dat ons lede se inligting veilig is en beskerm word. Daarom verskaf die EPPF nie pensioeninligting aan derdepartye nie (bv. finansiële adviseurs) tensy ons wetlik daartoe verplig word.

Power Talk


29 POPI Act

Molao wa Tshireletsoya TlhahisolesedingyaDintlha Tsa Botho (POPI)Ka 2013, dikarolo tse ding tsa Molao wa POPI di ile tsa qala ho ho sebediswa. Molao wa POPI o shebane le ho laola tsela eo tlha-hisoleseding ya dintlha tsa botho e sebediswang ka yona. Sepheo sa Molao wa POPI ke ho netefatsa hore mekgatlo yohle ya Afrika Borwa e itshwara ka tsebo e bontshang boikarabelo ha e na le tlhahisoleseding ya mokgatlo o mong kapa ya motho. Sena se akarelet-sa ho e thibela ho fana ka tlhahiso leseding ya dintlha tsa botho mekgatlong e meng. Letlole le iphaphatha ka Molao ona wa POPI ho netefatsa hore tlhahisoleseding ya ditho tsa rona e sireletsehile. Kahoo, EPPF ha e fane ka tlhahisoleseding ya ditho tsa yona ho mek-gatlo e meng (mohlala, baeletsi ba tsa ditjhelete) ntle le haeba molao e le ona o fanang ka taelo e jwalo.

Power Talk


30 POPI Act

Power Talk IndustryNews31


High court ruling onMolefe pensionpay-out case

Fund seeks repayment

At the end of January 2018, the High Court in Pretoria ruled that the early retirement agreement between Eskom Holding SOC and its former Group Chief Executive Officer (GCEO), Brian Molefe, was unlawful and should be cancelled. The judgement stipu-lated that Molefe must repay the money he had received within 10 days and was also ordered to pay the legal costs of the appli-cants.

The judgement follows an application by Solidarity, joined by the Economic Freedom Fighters and the Democratic Alliance, to declare invalid and unconstitutional the Eskom Board’s decision to grant Molefe early retirement with higher benefits; the decision of the same Board in accepting Molefe’s early retirement proposal; and block his reinstatement.

This application, heard on 29 November 2017, was not opposed by the Fund although the Fund provided its version to the court in an affidavit and further asked the court to order Molefe to repay all monies paid to him should the court rule in favour of Soli-darity. Despite Molefe opposing the Fund’s counter application, the court ordered him to repay the money.

Safeguarded bene�ts

This matter has been a learning curve for the Fund and with the court making reference to the way the Fund applied its rules (Rules 21, 24 and 28), we are consulting in order to have possible amendments to these specific rules.

We want to reiterate that the Fund would not, and has not, wilfully done anything that would jeopardise the financial soundness of the Fund and therefore, our member benefits. Our main objective is to ensure that we are able to honour all promised benefits to members, pensioners and their beneficiaries.

Power Talk Industrie-nuus32


Hooggeregshof se uitspraakin die Molefe-pensioenuitbetalingsaak

Fonds eis terugbetaling

Aan die einde van Januarie 2018 het die Pretoriase Hooggeregshof die uitspraak gelewer dat die vroeë pensioen-ooreenkoms tussen Eskom Holdings SOC en sy voormalige HUB, Brian Molefe, onwettig was en gekanselleer moet word. Die uitspraak het gestipuleer dat Molefe die geld wat hy ontvang het, binne 10 dae moet terugbetaal, en hy is ook beveel om die regskoste van die aansoekers te betaal.

Die uitspraak volg op 'n aansoek deur Solidariteit, in samewerking met die Ekonomiese Vryheidsvegters en die Demokratiese Alli-ansie, om die besluit van die Eskom-raad om Molefe se vroeë aftrede met hoër voordele toe te staan; die besluit van dieselfde Raad om Molefe se aansoek om vroeë pensioen toe te staan; en om sy heraanstelling te verhinder, as ongeldig en ongrondwetlik te verklaar.

Hierdie aansoek, wat op 29 November 2017 aangehoor is, is nie deur die Fonds teëgestaan nie, hoewel die Fonds sy weergawe in 'n beëdigde verklaring aan die hof voorsien het en verder gevra het dat die hof Molefe moet gelas om al die geld wat aan hom betaal is, terug te betaal indien die hofuitspraak in die guns van Solidariteit is. Al het Molefe die Fonds se teenaansoek teëgestaan, het die hof hom beveel om die geld terug te betaal.

Beveiligde voordele

Hierdie saak was 'n leerkurwe vir die Fonds, en met die hof se verwysing na die manier waarop die Fonds sy reëls (Reëls 21, 24 en 28) toegepas het, is ons besig met onderhandelinge vir moontlike wysigings tot hierdie spesifieke reëls.

Ons wil net beklemtoon dat die Fonds niks opsetlik sal doen of gedoen het om die finansiële gesondheid van die Fonds, en dus ons lede se voordele, in gevaar te stel nie. Ons hoofdoelwit is om te verseker dat ons alle beloofde voordele aan lede, pensioenarisse en hulle begun-stigdes gestand sal doen.

Power Talk Ditaba TsaIndasteri33


Qeto ya lekgotla lephahameng mabapi letjhelete ya penshene elefuweng Molefe

Letlole le batla ho lefuwa

Mafelong a January 2018, lekgotla le phahameng la Pretoria le ile la diha kahlolo ya hore tjhelete eo Eskom Holding SOC le GCEO ya mehleng, Brian Molefe, ba dumellaneng ka yona hore a e fuwe ha a tlohela mosebetsi pele ho nako, e ne e se molaong mme e lokela ho phumulwa. Kahlolo e bontshitse hore Molefe o lokela ho lefa tjhelete eo a e fuweng pele matsatsi a leshome a fela, hape o ile a laelwa hore a lefe le ditshenyehelo tsa molao tsa ba hlahletseng nyewe.

Kahlolo e ile ya etswa kamora hore nyewe e hlahlelwe ke Mekgatlo e Ikemetseng, hammoho le mokga wa Economic Freedom Fighters le wa Democratic Alliance, moo ba neng ba bolela hore qeto ya Boto ya Eskom ya ho fa Molefe bokgolokgotho ba tjhelete ya ho tlohela mosebetsi pele ho nako ha ya nepahala ebile ha e molaong; hammoho le qeto e etsweng ke yona Boto eo ya ho dumela ha Molefe a tlohela mosebetsi pele ho nako; le ya ho mo thibela ho kgutlisetswa mosebetsing.

Kopo ena e ileng ya mamelwa ka la 29 November 2017, e ne e sa hanyetswe ke Letlole le hoja le ile la fana ka ntlhakemo ya lona ka lekgotleng e le bopaki, mme le ile la kopa lekgotla hore le laele Molefe hore a lefe ditjhelete tsohle tseo a di fuweng haeba lekgotla le ka dumellanana le Mekgatlo e Ikemetseng. Ho sa tsotellehe ho hanyetsa ha Molefe kopo ya Letlole, lekgotla le ile la mo laela hore a lefe tjhelete eo.

Melemo e sireleditsweng

Letlole le ithutile ho itseng tabeng ena ka mora hore lekgotla le bue ka tsela eo Letlole le sebedisitseng melao ya lona (Molao wa 21, wa 24 le wa 28), re ntse re batla boeletsi e le hore re lokise melao ena e tobileng.

Re rata ho pheta hape taba ya hore Letlole le ke ke, ebile ha le eso ka le etsa letho leo ka boomo le ka behang kotsing maemo a ditjhelete a Letlole, ka tsela eo ha ameha le melemo e tla unwa ke ditho tsa rona. Sepheo sa rona se ka sehloohong ke ho tiisa hore re kgona fana ka melemo yohle eo re e tshepisitseng ditho tsa rona, mapenshenara le ba bang ba unang molemo Letloleng.

Power Talk IndustryNews

Impact ofSteinho� Internationalon the EPPF

A well-diversified Fund

In early December 2017, the share price of Steinhoff International collapsed over a short period of time following serious accounting irregularities alleged by European financial authorities. The dramatic fall saw the price lose 80% of its value between the last week of November and the first week of December with 60% dip happening on 6 December alone.

In the aftermath, the companies CEO, Markus Jooste, resigned and was replaced by non-executive chairman of the company, Christo Wiese, who took up the reins as Executive Chairman. Wiese himself shortly vacated his operational involvement in Steinhoff Interna-tional.

Many investors were and remain affected by the events at Steinhoff International and the Fund is not excluded from that impact. In early December, the Fund updated you on its position. In that update, when the share price of Steinhoff International was trading at R11.10, the EPPF assured you that the impact toward the Fund was not too severe when compared to the equity benchmark. In essence, due to our diversified investment strategy, the Fund had only invested assets worth 1.2% of its total asset base.

The Fund is well-diversified and has enough assets to meet its liabilities. The Fund's management is monitoring the situation and will continue to respond proactively and responsibly in the best interests of our stakeholders.


34

Power Talk

Impak van Steinho� Internationalop die EPPF

'n Goed gediversifiseerde Fonds

Vroeg in Desember 2017 het Steinhoff International se aandeleprys oor ŉ kort tydperk in duie gestort ná ernstige onreëlmatighede in hulle boekhouding, volgens Europese finansiële owerhede. Die drastiese daling het daartoe gelei dat die prys 80% van sy waarde verloor het tussen die laaste week van November en die eerste week van Desember, en 60% van die daling het op 6 Desember alleen plaasgevind.

In die nasleep hiervan het die maatskappy se HUB, Markus Jooste, bedank en is hy vervang deur die nie-uitvoerende voorsitter van die maatskappy, Christo Wiese, wat toe die leiding oorgeneem het as Uitvoerende Voorsitter. Wiese het hom kort daarna onttrek aan enige operasionele betrokkenheid by Steinhoff International.

Talle beleggers is en word steeds beïnvloed deur die gebeure by Steinhoff International, en die Fonds het nie daardie impak vry-gespring nie. Die Fonds het julle vroeg in Desember in kennis gestel van die Fonds se posisie. In ons hersiening op 7 Desember, toe die aandeleprys van Steinhoff International teen R11.10 verhandel het, het die EPPF julle daarvan verseker dat die impak op die Fonds, vergeleke met die ekwiteitsmaatstaf, nie te ernstig is nie. Kortom, as gevolg van ons gediversifiseerde beleggingstrategie het die Fonds slegs 1.2% van sy totale batebasis daar belê.

Die Fonds se bates is goed versprei en hy het genoeg bates om sy verpligtinge na te kom. Die Fondsbestuur monitor die situasie en sal aanhou om proaktief en verantwoordelik op te tree in die beste belang van ons belanghebbendes.


35Industrie-nuus

Power Talk

KamooSteinho� Internationale ammeng EPPF

Letlole le sebedisang mekgwae sa tshwaneng

Maqalong a December 2017, theko ya dishere tsa Steinhoff International e ile ya putlama ka potlako ka mora hore ba hlahlobang tsa ditjhelete Europe ba fumane ho na le ho se dumellane ho itseng dibukeng tsa ditjhelete. Ho putlama hoo ho ile ha etsa hore 80% ya ditheko e theohe bekeng ya ho qetela ya November le bekeng ya pele ya December, ha ka la 6 December feela ditheko di ile tsa putla-ma ka 60%.

Ka mora moo, CEO ya khamphani, Markus Jooste, o ile a itokolla mosebetsing mme a nkelwa sebaka ke modulasetulo ya neng a se boemong ba tsa phethahatso ya khamphani, Christo Wiese, ya ileng a nka setulo sa ho ba Modulasetulo wa Phethahatso. Nakwana ka mora moo, Wiese o ile a tlohela mosebetsi Steinhoff International.

Batsetedi ba bangata ba ile ba angwa ebile ba ntse ba anngwe ke diketsahalo tsena tsa Steinhoff International mme le Letlole le amehile. Mathwasong a December, Letlole le ile la le tsebisa hore na le eme jwang. Tsebisong ya rona ya la 7 December, ha theko ya shere e le nngwe ya Steinhoff International e ne e le R11.10, EPPF e ile ya le tiisetsa hore Letlole ha le a ameha hampe haholo ha le bapiswa le botsitso ba matla a shere ka nngwe. Ka lebaka la ho sebedisa mekgwa e sa tshwaneng ya ho tsetela, Letlole le ne le tsetetse diasete tse etsang 1.2% ya diasetse tsohle tsa lona.

Letlole le sebedisa mekgwa e sa tshwaneng mme le na le diasete tse ngata hore le lefe ditshenye-helo tsa lona. Ba tsamaisang Letsete ba behile boemo leihlo mme ba tswela pele ho etsa dintlho ka bohlale le ka tsela e bontshang boikarabelo molemong wa ba nang le karolo Letloleng.


36Ditaba TsaIndasteri


Power Talk Announce-ments37

EPPF to launchrevamped website Big news! Be on the lookout. Our website is getting a much-awaited makeover. It’s been an exciting journey with our old look, but now it’s time for a change. We have evolved and we feel our look needs to evolve.

The website will become the central point for member needs with real-time access to information and improve self-service options. So watch this space!!

The EPPF aims to attract and retain talented, ambitious individuals in order to deliver its mandate with success. Being the second biggest pension fund in South Africa demonstrates our ability to attract and retain ‘the best of the best’ in the retirement fund industry. These individuals have recently joined the EPPF family:

Crysanther joined the EPPF on 4 January 2018 as a Talent Development Specialist in the Human Resources department.

She completed a Bachelor of Social Science in Industrial and General Psychology and an Hon-ours degree in Industrial Psychology with the University of KwaZulu-Natal. This was followed by a Master’s degree in Industrial Psychology which she obtained from the University of South Africa. Crysanther is a registered Industrial and Organisational Psychologist with the Health Pro-fessions Council of South Africa (HPCSA).

Before joining the EPPF, she was a Human Resources Consultant at LabourNet. She has also worked at KPMG South Africa as an Organisational Development and Talent Management Con-sultant.

Joan is our new Multi-Management Analyst, joining the EPPF family on 2 January 2018.

She obtained a Bachelor of Science degree and Bachelor of Science Honours degree from the University of Witwatersrand. She is pursuing a Bachelor of Arts degree in Politics and Economics.

Joan began her career with Nedbank Capital as a Graduate Trainee and was later promoted to a Quantitative Analyst position. Her next position was as a Quantitative Analyst at BNP Paribas Cadiz. Before joining the EPPF, she was an Investment Performance and Risk Insight Analyst at MMI Holdings.

Israel joined the EPPF as a Communications Specialist on 18 December 2017.

He completed a Bachelor of Arts degree in Journalism and Media Studies at Rhodes University and later a certificate in Marketing Management through Vega.

He was a Reporter at the Sunday Times following a stint as an intern at the same newspaper. He then moved on to become an Account Executive at Corporate Communications Consultants before joining the University of South Africa where he held roles such as the Communications Officer, Communications Manager and Web Content Manager. He later freelanced for Transnet’s magazines before joining Discovery Limited as a Communications Consultant. Before joining the EPPF he was a Communications Manager at Steel and Engineering Federation of Southern Africa.

Power Talk


The family is growing

Crysanther Shunmugum – Talent Development Specialist

Israel Mlambo – Communications Specialist

Joan Tshivhinda – Multi-Management Analyst

The familyis growing38

Updateof personalinformation

39Power Talk


PersonalInformation

It is important for the Fund to have accurate and up-to-date records of your personal information, hence we urge that members update their personal information. This includes ensuring that the Fund has the correct spouse’s date of birth. Should you go through a divorce and re-marry later, please ensure that you update the Fund with the details of your new spouse.

Call: 0800 11 45 48 Visit: www.eppf.co.za

Die bywerkingvan persoonlikeinligting

40Power Talk


PersoonlikeInligting

Dit is vir die Fonds belangrik om akkurate rekords te hê wat jou jongste persoonlike inligting bevat, en daarom spoor ons lede aan om hulle eggenoot se geboortedatum by te werk. Indien jy moontlik geskei is en later weer trou, is dit baie belangrik dat jy die Fonds moet voorsien van die inligting van jou nuwe eggenoot.

Skakel: 0800 11 45 48 Besoek: www.eppf.co.za

Ho fana katlhahisolesedingya moraorao yadintlha tsa botho

41Power Talk


Dintlha TsaBotho

Ho bohlokwa bakeng sa Letlole ho ba le direkoto tse nepahetseng le tse ntjhafaditsweng tsa dintlha tsa hao tsa botho, ka hona re kgothalletsa ditho hore o fane ka dintlha tsa moraorao tsa letsatsi la tswalo la balekane ba bona. Haeba o ba tlhalanong mme o boetse o nyala hape ha morao, ka kopo netefatsa hore o tsebisa Letlole ka dintlha tsa molekane wa hao e motjha.

Letsetsa: 0800 11 45 48 Etela: www.eppf.co.za

ESKOM PENSION AND PROVIDENT FUND

Toll free: +27 800 11 45 48 (Member queries)Landline: +27 11 709 7492 (HR support)Fax Number: +27 866 815 449 Email: [email protected] Postal Address: Private Bag X 50, Bryanston, 2021Physical address: Isivuno House, EPPF Office Park, 24Georgian Crescent East, Bryanston East, Johannesburg, 2191 Website: www.eppf.co.za

HEAD OFFICE AND JOHANNESBURG WALK-IN CENTRE

Reception Switchboard: +27 11 709 7400Physical Address: Isivuno House, EPPF Office Park, 24Georgian Crescent, Bryanston East, 2191GPS Coordinates: S26 02.437 E28 01.101

EMALAHLENI WALK-IN CENTRE

Contact numbers: +27 13 693 3240 / 3918Email address: [email protected] Address: House No. 27, Eskom Park, Visagie Street, Emalahleni, 1035

EAST LONDON SATELLITE OFFICE

Contact numbers: +27 43 703 5772Email address: [email protected] Address: Sunilaws Office Park, Block A, Corner Quenera Drive & Bonza Bay Road, East London, 5241

CAPE TOWN SATELLITE OFFICE

Contact numbers: +27 915 2721 Email address: [email protected] Address: Eskom Western Cape Regional Office, 60 Voortrekker Road, Bellville, 7530

DURBAN SATELLITE OFFICE

Email address: [email protected] Address: Eskom KwaZulu-Natal Regional Office,Ikhwezi Building, 25 Valley View Road, New Germany, 3620

ESKOM COMPULSORY DEATH BENEFIT

Contact M Lesese at ESKOM:Telephone: +27 11 800 4363/ +27 11 800 4526Fax: +27 86 668 6065Email: [email protected] /[email protected]

SANLAM CONTACT DETAILS (ESKOM VOLUNTARY BURIAL SCHEME)

Queries related to the scheme and your benefits must be directed to Sanlam at: Telephone number: +27 860 302 922Email: [email protected]

SANLAM: EXISTING RECORD AMENDMENTS AND CLAIMS SUBMISSIONS

Telephone number: +27 860 302 922Fax number: +27 860 276 884Email for claims: [email protected]

INDWE | CAR AND HOUSEHOLD INSURANCE CLAIMS Centre: +27 11 912 7300 / +27 860 843 244E-mail: [email protected] new claims: [email protected]

Power Talk Contact Us


While every effort has been made to ensure the accuracy of the information in this newsletter, if any discrepancy occurs between the Rules of the EPPF and any information or state-ment in this publication, the Rules of the EPPF will prevail. The articles and topics discussed in this publication are for information purposes only and are not intended to be and do not constitute, nor should they be construed as financial advice. It is strongly recommended that you consult an accredited financial advisor before taking up any financial products.

Disclaimer

42