# Iscor Employees Umbrella Provident Fund

Iscor Employees Umbrella Provident Fund is a Pension Fund based in Johannesburg, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** Max Maisela Park, 22 Ridge Road Parktown, Johannesburg, South Africa
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.nbc.co.za
- **LinkedIn:** https://sz.linkedin.com/company/nbc-eswatini

## Regulatory record

- **Reports private funds:** No

## About

Iscor Employees Umbrella Provident Fund was established in 2016. Soyisile Mokweni serves as Executive Chairman of the Board of Trustees and Investment Committee. The fund provides retirement benefits to eligible employees of participating South African companies. The fund holds positions in South African listed equities including Metair Investments and maintains exposure to collective investment schemes in property shares as well as an alternative assets portfolio that includes hedge funds. Allocations remain subject to Regulation 28 limits. Geographic focus stays within South Africa. Service providers include Coronation Asset Management, Ninety One, Alexander Forbes Investments, Brandywine Global, Hosking & Co, BNY Mellon, Northern Trust and Ernst & Young. The fund participates in the SAVCA Private Equity Conference and holds membership in the Asset Owners Forum of South Africa. NBC Fund Administration Services handles day-to-day administration. Governance rests with a trustee board that includes an executive chairman and external expert advisors. The structure separates participating employers from direct asset control.

## Sectors

- Diversified

## People

- Soyisile Mokweni — Executive Chairman of the Board of Trustees and Investment Committee
- Kutlwano Mokhele — Member Expert Advisor

## Questions

### Who runs investment decisions at Iscor Employees Umbrella Provident Fund?

Soyisile Mokweni serves as Executive Chairman of the Board of Trustees and Investment Committee. Kutlwano Mokhele acts as Member Expert Advisor.

### How is Iscor Employees Umbrella Provident Fund administered?

NBC Fund Administration Services provides fund administration. Multiple external advisors including Coronation, Ninety One and Alexander Forbes support investment management.

### What asset classes does the fund hold?

The fund maintains exposure to South African equities, collective investment schemes in property shares and alternative assets permitted under Regulation 28.

### Which employers participate in the fund?

Participating employers include ArcelorMittal South Africa, Exxaro Resources and Kumba Iron Ore.

### What regulatory framework governs the fund?

The fund adheres to Regulation 28 of the South African Pension Funds Act, which includes ESG factor consideration.

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

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