South African retirement fund wins global accolade

The Natal Joint Municipal Pension/KwaZulu-Natal Joint Municipal Provident Funds (NJMPF) has been declared the winner of the “African Pension Fund Initiative of the year” at the prestigious Africa investor Capital Market Index Series Awards held in New York.

The awards are based on the Africa investor Index Series and they are designed to recognise Africa's best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and fund managers. The awards were presented at the leading international investment and communications group Africa investor Summit during September 2015, a unique African Capital Markets event. 

It is truly a great achievement for KwaZulu-Natal and South Africa for the NJMPF to have been selected as the success story to showcase to the global investment community. The fund was among excellent company: some of the supporting partners for the event include the New York Stock Exchange, World Bank, Thompson Reuters, Office of the Special Advisor on Africa and the World Pension Council. Also in attendance were the African Presidents, Leaders and delegates of the United Nations Summit, 70 Session, New York 2015. 

“This accolade received by the NJMPF shows the continued commitment by the fund to strive for excellence and exceed expectations in the retirement funding industry,” notes Sam Camilleri, Principal Officer of the Fund. “It shows the fund’s ongoing commitment to provide superior retirement service for our stakeholders in all activities affecting the fund”. 

Commenting on this achievement, Anne Marie D'Alton, CEO of Batseta Council of Retirement Funds of SA enthuses that “Batseta is so proud of our member’s achievement. The NJMPF is a founding member of Batseta and this reflects everything that we stand for: excellence in retirement fund management and governance. We appreciate the hard work and dedication which has made NJMPF stand out. The main beneficiaries of this type of quality are ultimately their own members.”