Motor Industry Fund Administration

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Motor Industry Fund Administration

Description: MIFA was established in 1952 by the then National Industrial Council for the Motor Industry (NICMI) for the express purpose of managing and administering retirement funds for the Retail Motor Industry.
MIFA is a separate legal entity from the Bargaining Council and currently administers the following retirement funds of the Motor Industry (details as at 31 March 2011) :-

Motor Industry Pension Fund (2005)
- A closed pension fund comprising some 7 200 pensioners, with assets of
R4,9 Billion

Auto Workers’ Provident Fund
- Employees Grade 1-6
- 175 000 members
- R8,3 Billion assets

Motor Industry Provident Fund
- Employees other than Grades 1-6
- 47 000 members
- R5,8 Billion assets

Total number of members = 222 000
Total number of Employers = circa 15 000
Total annual contribution income = R1,65 Billion
Total number of claims paid = 40 000 p.a.
Total value of claims paid = R1,6 Billion
Total value of pensions paid = R228 million

Location: South Africa
City: Johannesburg,
Address: 275 Kent Avenue
Postal code: 2001

Legal form: Sole Proprietorship

Nr of employees: 51-200 employees


Industry: Financial Services

Motor Industry Fund Administration Contacts

Name Position Experience Current position Contact informations
Colleen Fassie Operations Manager at MIFA (Motor Industry Fund Administration) Yes unavailable
Melusi Moses Nkosi Head: Strategic Client and Benefit Support Yes unavailable
Bernadette Petersen Contribution Collections Administrator Yes unavailable
Keba Mogapi Personal Assistant Yes unavailable
Charmaine Munro Committee & Compliance at Motor Industry Fund Administration Yes unavailable
Anna-Paula Sathee Portfolio Head Yes unavailable
Lynn Naude Financial Manager Yes unavailable
Luvuyo Sigadla Client Relationship Manager Yes unavailable
Moagi Mokatsane Administrator Yes unavailable
Jakes Neale Company Secretary Yes unavailable

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