Private Security Sector Provident Fund

Private Security Sector Provident Fund

The Private Security Sector Provident Fund was created in 2002 under South African sectoral legislation. It serves employees covered by the National Bargaining Council for the Private Security Sector. Mmamosotho Kgosiemang was appointed Principal Officer in March 2025. The fund targets a CPI plus 4 percent return through a mix of South African equities, international equities and commercial property. Confirmed holdings include positions in the Prescient China Equity Fund and the Prescient Global Balanced Fund. It also maintains a direct property portfolio in South Africa and has explored additional African real estate markets. The fund operates as a legislated provident fund rather than a discretionary family or institutional vehicle. Assets stand at $3.1 billion. The fund maintains its registered office at the Metropolitan Building in Johannesburg and a corporate office in the Woodmead Country Club Estate. It engages Salt Employee Benefits as administrator and works with Mergence Investment Managers and Mianzo Asset Management on investment execution. In June 2024 the fund attended the Batseta Winter Conference. Governance rests with a board of employer and member trustees under oversight from the Financial Sector Conduct Authority. The fund reports B-BBEE metrics to the Financial Sector Transformation Council and participates in the Association for Savings and Investment South Africa.