The administration of the fund

Fund statistics: pension and provident sections

Benefit payments

On average from 1 October 2021 to 30 September 2022:

• 37.28 claims were paid per day in the provident section

• 22.88 claims per day in the pension section

On average from 1 October 2020 to 30 September 2021:

• 25.77 claims were paid per day in the provident section

• 13.16 claims per day in the pension section

Financial year-end: 30 September 2022

The trustees are pleased to inform you that the audited annual financial statements for the last financial year ended on 30 September 2022 are in the process of finalisation for submission to the FSCA within the legislated deadline. The annual financial statements are set to be in good standing. You can view the fund’s annual financial statements by appointment at the fund’s registered address: Alexforbes, 115 West Street, Sandton, Johannesburg.

Deloitte is the external auditor of the fund, the company’s service is closely monitored.

The fund is valuation exempt. This means that the fund doesn’t have to appoint a valuator or submit a valuation report on the financial condition of the fund to the Registrar every three years:

• The pension section exemption is valid until 30 September 2024

• The provident section exemption is valid until 30 September 2024