The Mineworkers Provident Fund (MWPF) was formed in 1989, with a clearly defined vision and strategic objectives which include being the retirement fund of choice in the mining industry but most importantly providing retirement benefits to the most vulnerable workers of our society – the mineworkers. Our core values as a Fund are respect, Dignity and Legacy where we are driven by our desire to leave something of value for the next generations. This is based on the notion that just like other workers, mineworkers have the right to retire with dignity thus accounting for all the years of hard labour they put in. Throughout the years we have focused our efforts on ensuring that we remain true to our founding principles of treating our members with respect and restoring their dignity.
In 2011, the fund moved key services in-house and in 2012 new leadership came on board, improving administrative processes and establishing effective corporate governance. The fund is now one of the few financial services companies that truly understands the needs of mineworkers. We operate servicing centres throughout South Africa and satellite offices in the Eastern Cape and Mozambique to better service our members. We have assets in excess of R32bn and have never delivered a negative return to our members since inception.
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Honest and Dependable
According to the audited financial statements as at 31 December 2014, the membership of the Fund was 100 136. The Fund is mostly made up of members from category two to category eight. The bulk of the Mineworkers Provident Fund membership is made up of members belonging to the National Union of Mineworkers. .
Always Improving
Each year members will receive a benefit statement telling them how much they have contributed, and what their withdrawal, death and disability and retirement benefits amount to at the date of the statement. Members must check their details carefully and refer any queries or errors to the Human Resources Department. .