Mr. Bongi Mkhize

MESSAGE FROM THE CEO/PRINCIPAL OFFICER

Members of NJMPF, greetings!

August is a month of reflection and celebration as South Africa honours the incredible women who continue to shape our communities, workplaces and families.
At NJMPF, we recognise the invaluable contribution made by women across local government. Whether serving in administration, finance, operational roles, community services or leadership, your dedication is instrumental in keeping our municipalities strong, resilient, and moving forward.

As your retirement fund, we remain steadfast in our commitment to protecting and growing your retirement savings through sound governance, prudent investment management and ongoing member education, empowering you to make informed financial decisions for a secure future.

We encourage every member to take an active role in securing their financial future by understanding their pension benefits, keeping their beneficiary nominations up to date, and participating in our member education sessions. Staying informed today is an important step towards a more secure retirement tomorrow.

Happy Women’s Month to all the phenomenal women who continue to inspire us.

WOMEN’S MONTH FEATURE

Investing in yourself is the best investment you will ever make.

Financial independence doesn’t happen by chance; it happens through planning.

Women often face unique financial challenges throughout their working lives, making proactive retirement planning essential. By planning ahead and making informed financial decisions, women can build greater financial security for the future.

This Women’s month, we encourage every member to:
• Know your retirement benefits.
• Update your beneficiary nomination forms.
• Preserve your retirement savings wherever possible.
• Attend NJMPF educational sessions (member roadshows).
• Speak directly to an NJMPF representative when you have questions.

The foundation of a secure retirement is built on the informed financial choices you make today, creating greater peace of mind for tomorrow.

KNOW YOUR FUND

UNDERSTANDING YOUR INVESTMENT PORTFOLIO AS A PROVIDENT FUND MEMBER

NJMPF appoints experienced and reputable asset managers to oversee your retirement savings, ensuring that they are managed professionally through a disciplined long-term investment strategy designed to protect and grow your retirement benefits.

For NJMPF Provident Fund members, these results are highly encouraging, demonstrating that the Fund is not only preserving members’ retirement savings but also growing them at a rate that exceeds its long-term objectives. This reflects the Fund’s commitment to delivering sustainable value and enhancing members’ financial security over the long term.

The Fund continues to deliver strong investment performance, outperforming both its benchmark and long-term inflation objective over the five-year rolling period. This achievement reflects the effectiveness of its investment strategy and the commitment to preserving and enhancing members’ retirement savings over time.

Why does this matter for you as a member:
Your retirement benefits are growing at a rate that outpaces inflation, helping to protect the future purchasing power of your savings. But what exactly is inflation? Inflation refers to the gradual increase in the cost of goods and services over time, which reduces the amount of goods and services that money can buy.

CPI + 4.5% was 9.44% as at 31 March 2026, and the Fund achieved an impressive 13.71%. This means that members’ retirement savings not only kept pace with rising prices but also grew in real terms, increasing their purchasing power overtime.
In simple terms, this means that the value of your retirement savings today is expected to provide greater financial benefit in the future than it would have if it had only kept pace with inflation. By achieving returns above inflation, the Fund helps to preserve and enhance the purchasing power of your retirement savings.

FINANCIAL LITERACY

Three things every member should do this year.

1. Update your beneficiaries
This ensures that your loved ones can be located promptly and that any benefits due to them can be processed without unnecessary delays.

2. Read NJMPF communications
Stay informed and connected by making use of the Fund’s communication channels, including newsletters, member presentations, SMS notifications, and social media updates. Keeping up to date helps you make informed decisions about your retirement benefits.

3. Ask questions
If you are uncertain about your benefits or require further clarification, please contact the NJMPF Client Services team or attend one of our member education presentations for assistance.
Knowledge is one of the most valuable assets you can have when preparing for a secure and successful retirement.

MEMBER ROADSHOWS

Bringing NJMPF closer to you

One of the Fund’s key priorities is ensuring members understand their retirement benefits.

Over the past few months, the NJMPF team has travelled across KwaZulu-Natal, meeting members through our member roadshows.

Recently, members have had the opportunity to:
• Learn about their retirement benefits.
• Understand the two-pot retirement system.
• Ask questions directly to NJMPF representatives.
• Receive guidance on beneficiary nominations and retirement planning.

We encourage every member to attend these presentations when the Fund visits your municipality.
Your retirement is one of the most important financial milestones in your life, and it requires careful planning, informed decisions, and proactive engagement to help secure your future.