# The Municipal Gratuity Fund

The Municipal Gratuity Fund is a Pension Fund based in Johannesburg, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Johannesburg, South Africa
- **Region:** Africa
- **Address:** 14 Bedfordview Office Park, 3 Riley Road, Bedfordview, Johannesburg, South Africa
- **Assets under management:** Undisclosed
- **Website:** mymgf.co.za

## Regulatory record

- **Reports private funds:** No

## About

The Municipal Gratuity Fund operates as a defined contribution pension fund for municipal workers. It was structured to deliver post-retirement benefits to employees of participating local authorities. No public founding date or single wealth creator is disclosed. The fund allocates across public equities on the JSE, direct holdings in corporate office parks and industrial properties in South Africa, and private equity commitments. Confirmed positions include Vantage Capital Mezzanine Fund III, Ninety One Private Equity Funds, and Stanlib Infrastructure Funds. It also maintains exposure to global real estate through the Catalyst Global Real Estate Units Fund and holds equity stakes in issuers such as AECI Ltd and Anglo American Platinum Ltd. Geographic focus remains South Africa with limited global allocations via third-party managers. Assets under management stand at an undisclosed level. The fund employs external administrators and advisors including Sanlam Life Insurance Ltd as primary administrator and BDO South Africa as external auditor. It maintains memberships in Batseta and the Institute of Retirement Funds Africa. In November 2024 the fund participated in a Constitutional Court hearing concerning interpretation of Section 37C of the Pension Funds Act on death benefit distribution. The fund operates under a board governance model with participating employers such as the City of Tshwane Metropolitan Municipality and Rustenburg Local Municipality holding seats on the General Committee. This structure ties investment decisions to fiduciary oversight by municipal representatives rather than a single family or sponsor.

## Sectors

- Financial Services
- Real Estate
- Private Equity

## People

- C Seierlein — Chief Executive Officer and Principal Officer
- Piet Venter — Chairperson of the Board of Fund
- Roja Ramare — Vice Chairperson of the Board of Fund

## Questions

### Who runs investment decisions at The Municipal Gratuity Fund?

C Seierlein acts as Chief Executive Officer and Principal Officer. The board chaired by Piet Venter provides oversight with input from participating municipalities.

### Does The Municipal Gratuity Fund participate in fund commitments or only direct deals?

The fund commits to third-party vehicles including Vantage Capital Mezzanine Fund III, Ninety One Private Equity Funds, and Stanlib Infrastructure Funds while also holding direct real estate assets.

### What asset classes does The Municipal Gratuity Fund hold?

Holdings include JSE-listed equities, South African commercial and industrial real estate, private equity funds, infrastructure funds, and a global real estate units fund.

### Where does The Municipal Gratuity Fund source its membership?

Membership comes from employees of municipalities in Mpumalanga, Gauteng, Northwest, and Limpopo provinces.

### How is The Municipal Gratuity Fund governed?

A board of trustees and General Committee include representatives from participating employers such as the City of Tshwane and Rustenburg Local Municipality.

## Related profiles

- [Molson Coors (UK) Pension Plan](https://altss.com/profile/molson-coors-uk-pension-plan)
- [DMGT](https://altss.com/profile/dmgt)

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

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