# Mineworkers Provident Fund

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** 3rd & 4th Floor, 26 Ameshoff Street Braamfontein, Johannesburg, Gauteng, South Africa, 2000
- **Founded:** 1989
- **Assets under management:** R45 Billion
- **Website:** mwpf.co.za
- **LinkedIn:** https://za.linkedin.com/company/mineworkers-provident-fund

## Regulatory record

- **Reports private funds:** No

## About

The Mineworkers Provident Fund was formed in 1989 after the 1987 strike led by the National Union of Mineworkers. It provides retirement benefits to mineworkers and receives employer trustee appointments from the Minerals Council South Africa. The fund allocates across JSE-listed equities, debt instruments, and alternative assets. Confirmed holdings include the MWPF Immovable Property Portfolio and a cell captive structure for disability insurance. It maintains a commitment to Convergence Partners Digital Infrastructure Fund and participates in hedge fund and private equity portfolios. Geographic exposure centers on South Africa with additional Sub-Saharan reach. The fund employs 79 professionals at its Johannesburg headquarters. It belongs to the Asset Owners Forum South Africa and the Southern African Venture Capital and Private Equity Association. In 2024 it terminated its relationship with 27four Investment Managers and appointed Mila Risk Management Solutions as investment advisor. Governance ties the fund directly to the National Union of Mineworkers as founder and to employer representatives appointed by the Minerals Council. This structure shapes mandate and trustee composition in ways distinct from standard public pension vehicles.

## Sectors

- Diversified
- Private Equity
- Real Estate

## People

- Mathabo Makhaya — Chairperson of the Board of Trustees and Investment Committee
- Frans Phakgadi — Principal Officer

## Questions

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

Mathabo Makhaya serves as Chairperson of the Board of Trustees and Investment Committee. Frans Phakgadi acts as Principal Officer.

### How does Mineworkers Provident Fund source proprietary deal flow?

The fund participates in local venture capital and private equity conferences and maintains founding membership in the Asset Owners Forum South Africa.

### Does Mineworkers Provident Fund participate in fund commitments or only direct deals?

The fund holds both direct property assets and limited partner positions in private equity vehicles such as Convergence Partners Digital Infrastructure Fund.

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

The fund serves mineworkers and was established following the 1987 strike organized by the National Union of Mineworkers.

### What recent changes have occurred in the fund's advisor relationships?

In 2024 the fund terminated its asset consultant relationship with 27four Investment Managers and appointed Mila Risk Management Solutions.

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Last updated: 2026-07-08T21:03:56.736Z

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