# ISASA Provident Fund

ISASA Provident Fund is a Pension Fund based in Sandton, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sandton, South Africa
- **Region:** Africa
- **Address:** Sandton, South Africa
- **Assets under management:** Undisclosed
- **Website:** www.isasapensionfund.co.za

## Regulatory record

- **Reports private funds:** No

## About

The ISASA Provident Fund was established by the Independent Schools Association of Southern Africa to serve its member schools. It functions as a voluntary retirement arrangement rather than a compulsory scheme. Assets sit in multiple portfolios including the Performer Portfolio for growth, the Protector Portfolio for capital preservation, and index-tracking plus Shari'ah-compliant options. Exposure spans equities, property, bonds and alternatives. Geographic focus remains South Africa. The fund maintains membership in Batseta and the Institute of Retirement Funds Africa. Old Mutual has administered the fund since 1974. Alexander Forbes provides investment consulting. PwC serves as external auditor. A dated operational event includes sponsorship of the Include 2026 symposium for LSEN schools. The fund maintains a separate Staff Development Fund that supports leadership training through the ISASA/Wits University programme. Governance includes representation from SAHISA and SABISA on the board of trustees.

## Sectors

- Education

## People

- Deslin Naidoo — Independent Chairman of the Board of Trustees
- Adv. Leslie Primo — Independent Principal Officer

## Questions

### Who runs investment decisions at ISASA Provident Fund?

Deslin Naidoo serves as independent chairman of the board of trustees. Adv. Leslie Primo acts as independent principal officer. Day-to-day administration sits with Old Mutual.

### How is ISASA Provident Fund structured relative to its sponsoring association?

The fund was founded by the Independent Schools Association of Southern Africa as an umbrella vehicle. SAHISA and SABISA hold board seats. It remains legally separate from the association.

### Does ISASA Provident Fund make direct investments or use external managers?

Assets are allocated across internal portfolios and index funds. Alexander Forbes acts as investment consultant and asset manager. No direct deal programme is disclosed.

### What service providers support ISASA Provident Fund operations?

Old Mutual handles administration and actuarial work. PwC serves as external auditor. First National Bank provides pension-backed loans to members.

## Related profiles

- [Invest Northern Ireland](https://altss.com/profile/invest-northern-ireland)
- [Lewis & Clark College](https://altss.com/profile/lewis-clark-college)

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

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