0860 22 22 88
[email protected]
Helpdesk hours: 8h00 to 16h00 Monday to Friday.
1 Adderley Street
Cape Town
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Fund Management
Thacsa is a separate legal entity from your employer. In that way your retirement savings – and those of all the other members – are completely safe, irrespective of what happens to your employer’s business.
Rules of the Fund
The Fund is set up and operated in terms of the Pension Funds Act. Every aspect, including benefit entitlements, are defined in the Rules of the Fund. All must be approved by the Financial Sector Conduct Authority (FSCA), an independent regulating authority.
Governance of the Fund
In addition to the Rules there are numerous other regulating, governance and legislative requirements to assist in the proper and effective management of your retirement savings. The links below can provide more information for you.
Fund Governance
- Legal Update 4 of 2022
- FSCA Notice 8 of 2023
- FSCA Conduct Standard 1 of 2022
- Annexure A – Conduct Standard – Requirements
- Payment of pension fund contributions FINAL 30 07 21
- Momentum Legal Update 4 of 2022
- Sanlam Annual Risk Review Nov 2022
- Legal Update 4 of 2022
- Payment of Funeral Benefits
- The Pensions Fund Act
- Regulations to the Act
- The Financial Services Board
- Pension Funds Circulars
- The Income Tax Act 1962
- The Divorce Act
- The Pension Fund Adjudicator
- FSCA Communication 17 of 2022
Financial Statements
The Fund prepares annual financial statements at the end of its financial year. These are verified by external auditors and submitted to the Financial Services Conduct Authority. The annual financial statements from the year ending 2013 are listed below, click on the relevant link to download that year’s report.
Annual Reports
Communication and member education forms an integral part of looking after your retirement future. This is achieved through various communication channels introduced by the Fund to ensure that our members and are kept informed of any Fund and Industry developments and educated on the benefits you enjoy as a Thacsa Pension Fund Member.
Statements
Financial Statement for year ending 31 December 2020
Financial statement for year ending 31 December 2019
Financial statement for year ending 31 December 2018
Financial statement for year ending 31 December 2017
Financial statement for year ending 31 December 2016 Part 1 Part 2
Financial statement for year ending 31 December 2015 Part1 Part2
Financial statement for year ending 31 December 2014
Financial statement for year ending 31 December 2013
Board of Trustees
The Fund is managed by a Board of Trustees. Members and employers have equal representation on the Board. Trustees have a fiduciary responsibility to manage the Fund in good faith and in the best interests of all members. Trustees are appointed in terms of the Rules of the Fund for a period of three years. The Independent Trustee is appointed by the Board of Trustees for a period of one year. The Board consists of seven member Trustees, seven employer Trustees and one Independent Trustee. Alternates may be appointed for each Trustee as required.
Employers:
Fedhasa Trustees: C Godenir (Chairman), A Nold (Deputy Chairman), M de Witt, J. Duvenage, B Ross, F Jones
Non–Fedhasa: S Faussner-Ringer
Members:
Saccawu: C Booi (H Nqoro Alternate), T Sontaba, T Gqalana, S Jamjan, S Matyeni
Fedcraw: K Thabata, J Saka
Independent Trustee: R Grosch
Principal Officer: K Barnes
Service Providers
Administrators:
Momentum Retirement Administrators
Actuarial Services:
Arch Actuarial Consulting
Death GLA | Funeral | Disability:
Sanlam
Investment Advisors:
WillisTowersWatson
Communications:
Imbongi Communications
Beneficiary Funds:
ABSA Trust
Bankers:
Nedbank
Auditors:
Price Waterhouse Coopers
Housing Loans:
Standard Bank
Investment managers:
Allan Gray | Ninety One | Momentum | Coronation