# Destiny Fund

Destiny Fund is a Pension Fund based in Johannesburg, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** Johannesburg, South Africa
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** www.destinyfund.co.za

## Regulatory record

- **Reports private funds:** No

## About

Destiny Fund was established to provide umbrella retirement solutions for South African employers. Herman Mashaba founded Lephatsi Financial Services and chairs GIB Holdings, the parent sponsor. The structure pools contributions from multiple participating employers into shared administration and investment options. The fund offers conservative and moderate portfolios built around a LifeStage model. Employers select from these options to meet employee benefit needs including retirement accumulation and risk cover. Geographic focus remains South Africa with administration tied to GIB Holdings in Johannesburg. No recent operational events from the last 24 months appear in available records. The firm maintains ties to the Institute of Retirement Funds Africa through Wayne Hiller van Rensburg's executive role and to ASISA. Footprints 4 Sam Trust is listed as an associated philanthropic vehicle. GIB Holdings acts as both sponsor and administrator, creating a direct operating-company relationship that distinguishes the fund from standalone pension entities.

## People

- Herman Mashaba — Chairman of GIB Holdings
- Wayne Hiller van Rensburg — Principal Officer of the Destiny Retirement Funds
- Alan Coomber — Independent Chairman of the Board of Trustees
- Glenn Gamsy — Managing Director of GIB Financial Services

## Questions

### Who runs investment decisions at Destiny Fund?

Wayne Hiller van Rensburg serves as Principal Officer. Alan Coomber acts as Independent Chairman of the Board of Trustees. Glenn Gamsy manages GIB Financial Services, the administrative arm.

### How is Destiny Fund related to GIB Holdings?

GIB Holdings (Pty) Ltd serves as parent company and sponsor. The fund is administered in association with GIB Holdings and its BEE partner Lephatsi Financial Services.

### What investment options does Destiny Fund provide?

The fund supplies conservative and moderate portfolios that follow a LifeStage model. These options cover retirement accumulation along with death and disability benefits.

### Does Destiny Fund operate as a single-employer or multi-employer vehicle?

It functions as an umbrella fund that pools retirement investments from multiple employers under shared administration and investment choices.

### Where does Destiny Fund maintain its primary operations?

Headquarters sit in Johannesburg, South Africa. All known activity and administration remain within South Africa.

## Related profiles

- [Destiny Capital Corporation](https://altss.com/profile/destiny-capital-corporation)
- [Desun Capital](https://altss.com/profile/desun-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/destiny-fund

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