# Eskom Pension & Provident Fund

Eskom Pension & Provident Fund is a Pension Fund based in Johannesburg, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** Isivuno House, EPPF Office Park, 24 Georgian Crescent, Bryanston East, Johannesburg, 2021, South Africa
- **Founded:** 1932
- **Assets under management:** Undisclosed
- **Website:** eppf.co.za
- **LinkedIn:** https://za.linkedin.com/company/eppf-south-africa

## Regulatory record

- **Reports private funds:** No

## About

The Eskom Pension and Provident Fund was established in 1932 to serve workers at the national utility. Shafeeq Abrahams holds the role of Chief Executive and Principal Officer. Sonja Saunderson serves as Chief Investment Officer. Caroline Mary Henry chairs the board of trustees. The fund maintains a balanced mandate with allocations to South African listed equities, global equities, index-linked bonds, and private markets. Real estate holdings include minority positions in student accommodation through Eris Property Group and Growthpoint. Private equity exposure runs through PAPE Fund 3 and Ethos Mid Market Fund I, with holdings that include Gammatek and Singular Systems. Infrastructure commitments target transport, healthcare, education, and renewable energy projects inside South Africa. Geographic reach centers on South Africa with additional real estate exposure in Kenya, Tanzania, and Ghana via the RMB Westport vehicle. Assets under management stand in the multi-billion dollar range according to internal records. The fund employs service providers that include Apex Group for administration and PwC as independent auditor. It maintains membership in the Principles for Responsible Investment since 2011 and the Net-Zero Asset Owner Alliance. In September 2024 the fund sponsored the Beyond Tomorrow Thought Leadership Breakfast in Johannesburg focused on sustainability and impact themes. The fund operates as a self-administered retirement vehicle tied directly to its sponsoring employer Eskom Holdings. This structure channels investment decisions through an internal team rather than external consultants for core portfolio construction. Governance rests with a board of trustees that includes representation from the utility workforce.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Energy & Utilities

## People

- Shafeeq Abrahams — Chief Executive and Principal Officer
- Sonja Saunderson — Chief Investment Officer
- Caroline Mary Henry — Chairman of the Board of Trustees

## Questions

### Who runs investment decisions at Eskom Pension and Provident Fund?

Sonja Saunderson serves as Chief Investment Officer. Shafeeq Abrahams acts as Chief Executive and Principal Officer. The board of trustees, chaired by Caroline Mary Henry, oversees overall governance.

### Does Eskom Pension and Provident Fund participate in fund commitments or only direct deals?

The fund commits to private equity vehicles such as PAPE Fund 3 and Ethos Mid Market Fund I.

### What investment stages does Eskom Pension and Provident Fund typically target?

The fund pursues buyout, growth, and early-stage strategies through its private equity allocations. It also holds secondaries and mezzanine positions via fund commitments.

### Where does the underlying membership base come from?

Membership consists of current and former employees of Eskom Holdings SOC Ltd together with their beneficiaries. The fund serves approximately 85,000 members, pensioners, and dependents.

### How is Eskom Pension and Provident Fund related to Eskom Holdings?

Eskom Holdings SOC Ltd established the fund in 1932 as the retirement vehicle for its employees. The utility remains the sponsoring employer.

### What is Eskom Pension and Provident Fund's known posture on co-investments alongside external GPs?

The fund enters joint ventures in real estate and takes limited partner positions in private equity funds. It has executed co-investments through vehicles such as Equites EPPF JV and RMB Westport Real Estate Fund.

## Related profiles

- [London Pensions Fund Authority](https://altss.com/profile/london-pensions-fund-authority)
- [Autodesk](https://altss.com/profile/autodesk)

---

Last updated: 2026-07-06T00:33:13.018Z

Canonical page: https://altss.com/profile/eskom-pension-provident-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology