# Motor Industry Retirement Fund

Motor Industry Retirement Fund is a Pension Fund based in Randburg, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Randburg, South Africa
- **Region:** Africa
- **Address:** 275 Kent Avenue, Randburg, Gauteng, South Africa
- **Founded:** 1952
- **Assets under management:** 2316 (Altss estimate)
- **Website:** mirf.co.za
- **LinkedIn:** https://www.linkedin.com/company/motor-industry-retirement-funds

## Regulatory record

- **Reports private funds:** No

## About

The Motor Industry Retirement Fund was founded in 1952 to serve employees in the motor industry retail sector. It functions as a multi-fund structure governed by a Board of Trustees that includes representatives from NUMSA, MISA, RMI and FRA. Japhtaline Mantuka Maisela serves as chairperson. The fund deploys capital across listed South African equities, inflation-linked bonds, direct real estate and private market commitments. Confirmed holdings include positions in the Sesfikile BCI Property Fund and mandates with Allan Gray, Coronation, Ninety One and Sanlam. It maintains exposure to Sanari Capital, Ditiro Fund I, African Development Partners III and the Everstrong Kenya Infrastructure Fund. Geographic reach centers on South Africa with additional allocations to pan-African infrastructure and private equity. Assets total $2.3 billion. The fund employs Motor Industry Fund Administrators as long-term administrator and retains RisCura as investment consultant since 2010. It maintains membership in Batseta, ASISA and the Asset Owners Forum South Africa. In December 2025 the fund participated as a speaker at SuperReturn Africa on private equity and infrastructure allocation. Governance rests with a multi-stakeholder Board of Trustees that incorporates union and employer representatives. This structure channels contributions collected by the Motor Industry Bargaining Council and enforces adherence to the Code for Responsible Investing in South Africa.

## Sectors

- Pension Fund
- Real Estate
- Private Equity
- Infrastructure

## People

- Japhtaline Mantuka Maisela — Chairperson of the Board of Trustees

## Questions

### Who runs investment decisions at Motor Industry Retirement Fund?

A Board of Trustees chaired by Japhtaline Mantuka Maisela sets policy. Day-to-day implementation uses external managers and RisCura as investment consultant.

### Does Motor Industry Retirement Fund participate in fund commitments or only direct deals?

The fund makes commitments to private equity and infrastructure funds while also holding direct property assets through its MIRF Property Fund.

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

Membership comprises employees in the retail motor industry whose contributions are collected via the Motor Industry Bargaining Council.

### How is Motor Industry Retirement Fund related to MIBCO?

The Motor Industry Bargaining Council established the funds and continues to collect contributions and interface with employers.

### Does Motor Industry Retirement Fund maintain an ESG policy?

The fund is a signatory to the Code for Responsible Investing in South Africa and adheres to the Financial Sector Transformation Charter.

### Which external managers hold mandates from Motor Industry Retirement Fund?

Mandates are held by Allan Gray, Coronation Fund Managers, Ninety One, Sanlam Investments, Meago Asset Management and Sesfikile Capital.

## Related profiles

- [Sagis Asset Management Family Office](https://altss.com/profile/sagis-asset-management-family-office)
- [SmallVille Capital](https://altss.com/profile/smallville-capital)

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

Canonical page: https://altss.com/profile/motor-industry-retirement-fund

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