Registrar of Friendly Societies Annual Report Re

20162017

REGISTRAR OF PENSION FUNDS ANNUAL REPORT RegistrarRegistrar of Friendly of Pension Societies Funds Annual Annual Report Report CONTENTS

1 Report by the Registrar of Friendly Societies to the Minister of Finance 4 Table 1: Revenue and expenditure of self-administered friendly societies 5 Table 2: Assets and liabilities of self-administered friendly societies 6 Table 3: Investment composition of self-administered friendly societies 7 Table 4: Five-year overview of number of registered friendly societies 7 Table 5: Number of societies that submitted returns 7 Table 6: Number of members in societies 7 Table 7: Benefits paid – all societies 8 Table 8: Types of benefits provided by self-administered friendly societies 8 Table 9: Five-year overview of statistics of self-administered friendly societies 8 Table 10: Top 20 friendly societies ranked in terms of asset value

9 Table 11: Self-administered societies in default for non-submission of financial returns for the year ending 31 December 2016 12 Table 12: Registered friendly societies as at 31 December 2016 I wish to express my appreciation for the cooperation shown by the friendly societies and individuals with whom this office has had dealings.

A special thank you to National Treasury for its guidance.

Finally, I wish to thank the staff of the microinsurance supervision department for assisting me to fulfil my regulatory mandate.

ADV DP TSHIDI REGISTRAR OF FRIENDLY SOCIETIES FEBRUARY 2018

ii REPORT BY THE REGISTRAR OF FRIENDLY SOCIETIES TO THE MINISTER OF FINANCE

I hereby submit the 54th Friendly of the Registrar of Friendly of 2016, there were 98 Societies Annual Report. It deals with Societies for inclusion in this self-administered societies, the activities of my office for the 2016 report. eight of which were in calendar year, as required by section process of liquidation. 45 of the Friendly Societies Act, 25 of (b) Societies that fall within the 1956 (the Act). provisions of the Act:

Friendly societies are non-profit - Exempted societies STATISTICS organisations or associations of persons established to provide relief or Societies with an aggregate maintenance during minority, old age, annual income of less than The tables in this report contain widowhood or illness for members R100 000 are conditionally statistical information submitted to or persons related to members. Such exempted from the this office by the societies for the year relief could include payment of a provisions of section 3(2) 2016. The tables contain full particulars sum of money upon birth of a child (a) of the Act and do not of membership, benefits paid, revenue or upon death of members, for the submit annual financial and assets of registered friendly insurance of tools used in a trade, for statements. The tables do societies. unemployment benefits, for education not contain information or training of members or their relating to these societies. There were 201 friendly societies children, or such other business as registered under the Act as at may be proclaimed in the Government - Underwritten societies 31 December 2016, 11 of which were Gazette. in process of liquidation (see Table 12). Societies operating Statistical information for only 32 of Societies are prohibited from exclusively by means of these societies is included in this report. advertising for business and may be policies of insurance issued Information on the remaining 158 promoted only by word of mouth by an insurance company friendly societies was excluded for the within the community for whose registered in terms of following reasons: benefit any such society has been the Long-Term Insurance established. Act, 52 of 1998, may - 65 societies failed to submit conditionally be exempted financial returns on time. A Friendly societies may be classified into from the provisions of complete list of these societies the following categories: the Act by virtue of the appears in Table 11; discretionary powers - 92 societies were exempted in (a) Societies that do not fall within granted to the Registrar by terms of section 3(2) (a) and the provisions of the Act: section 3(2)(b) of the Act. - One society was exempted in terms of section 3(2) (b) of the - Societies established - Self-administered societies Act. in terms of industrial

agreements and exempted Societies with an aggregate The financial year of all registered from the provisions of annual income above societies ends on 31 December as section 3(1) of the Act. R100 000 must furnish stipulated in section 1 of the Act. Such societies are required financial statements to the to submit certain statistical Registrar in terms of section information to the Office 22 of the Act. At the end

2016 Annual report of the Registrar of Friendly Societies 1 ADMINISTRATION

During the year under review, no new No new exemptions were granted societies were registered in terms of in terms of section 3(2) (a) and no section 5(3) and the registration of exemption was withdrawn in terms of no society was cancelled in terms of section 3(3) of the Act. section 36 of the Act.

INCOME, EXPENDITURE AND CASH FLOW

A summary of revenue and expenditure a percentage of income increased to Administration costs decreased to of self-administered societies appears 65.8% in 2016 from 55.3% in 2015. 30.3% of the total expenditure in 2016 in Table 1. In 2016, income from investments as a compared to 43.1% in 2015. percentage of total income increased Contributions decreased to R69 million to 31.7% compared to 22.3% in 2015. 2016 recorded total net cash inflow in 2016 compared to R102 million of R22.3 million compared to net cash in 2015, and total contributions as inflow of R63.2 million in 2015.

BENEFITS PROVIDED AND PAID

The greater proportion of benefits provided for were funeral benefits (84.5%), followed by death benefits (5.5%), then by other benefits (which includes educational benefits) (5.4%), and sick pay 4.5% (Table 7).

SELF-ADMINISTRATION SOCIETIES

84,5% Funeral

5,4% Other

4,5% Sick Pay

5,5% Death

2 ASSETS

Assets of self-administered friendly societies decreased by 6.7% from R911 million in 2015 to R850 million in 2016 (Table 2).

INVESTMENTS

Return on investments

The return on the balance sheet value of investments made by self-administered friendly societies is calculated by using the following formula:

2i R = A + B - i

Where R = Return on investments A = Initial value of investments B = End value of investments i = Interest, dividends, rent, policy income, net profit or losses on realisation of investments and the amount by which investments were written up or down to fair value. Funds are required to disclose in their financial returns the method used for determining accrued, vested or provisional income from insurance policies. Non- vested policy income is included in or excluded from the revenue account at the discretion of funds.

By applying this formula to the total investments of all the self-administered friendly societies, which are included in Table 2, the return on investments is calculated as follows:

Calendar Year 2012 2013 2014 2015 2016 % returns 5.8 5.9 4.6 5.4 4.3

The decrease in return is due to the change in the allocation of investments in the different asset classes, as well as lower market returns.

Composition of requirements of assets referred to in accounts accounted for 26.4% of investments the Annexure to Regulation 29, and the investments while shares in other investments (20.2%) which companies accounted for 18.7%. And are classified as bills, bonds and government, municipal and other stock In Table 3 the investments by societies securities, immovable properties and accounted 0.6%. comprise collective investment schemes investments outside the Republic of in securities (33.9%) which are certified South Africa. Deposits and savings as complying with the distribution

2016 Annual report of the Registrar of Friendly Societies 3 SUPERVISORY MATTERS

Inspections Overdue returns operating or changed registered address without advising the Registrar. None of the friendly societies were Sixty five (65) societies failed to The names of these societies are inspected during 2016 in terms of submit financial returns on time, published in Table 11. section 3 of the Inspection of Financial despite numerous requests to do so. Institutions Act, 80 of 1998. The majority appear to have ceased

TABLE 1: REVENUE AND EXPENDITURE OF SELF-ADMINISTERED FRIENDLY SOCIETIES (note 1)

REVENUE 2016 2015 R’ 000 R’000 1. Contributions 69 907 102 233 (a) Members 69 260 101 565 (i) Ordinary 67 883 100 189 (ii) Levies 933 1 082 (iii) Entrance fee 444 294 (b) Employers 647 668 2. Income from Investments 33 720 41 162 (a) Interest 27 707 28 604 (b) Dividends 5 294 7 801 (c) Rent 719 4 757 3. Other Income 667 16 771 4. Profit on realisation of investments(note 2) 2 017 24 598 TOTAL 106 311 184 764

EXPENDITURE 1. Benefits Paid 54 731 59 424 (a) Sick pay 2 812 2 690 (b) Death 6 326 3 271 (c) Funeral 40 772 50 226 (d) Other 4 822 3 237 2. Provision for Unpaid Claims 475 272 3. Administration Costs 25 440 52 328 (a) Salaries and wages 9 810 17 479 (b) Honoraria 208 223 (c) Audit fees 1 004 1 437 (d) Actuarial costs 277 293 (e) Contributions towards staff funds 252 292 (f) Office rent 265 1 479 g) Other 13 588 31 125 4. Other Provisions 5 560 5. Depreciation 169 263 6. Other Expenditure 3 162 8 670 7. Excess Of Revenue Over Expenditure (Note 2) 22 328 63 247 TOTAL 106 311 184 764

1. These figures relate to the 32 friendly societies that have submitted financial statements for 2016 in comparison to 36 that submitted for 2015. 2. Some societies made a loss while the majority made a profit for the year.

4 TABLE 2: ASSETS AND LIABILITIES OF SELF-ADMINISTERED FRIENDLY SOCIETIES (note1)

ASSETS 2016 2015 R’000 R’000 1. Fixed property (at cost) less depreciation 5 250 14 443 2. Properties In Possession 3 475 2 725 3. Furniture and equipment (at cost) less depreciation 2 187 693 4. Investments 772 872 829 422 (a) Deposits and savings account 203 778 202 822 (b) Government, municipal and other stock 4 449 19 019 (c) Collective investment schemes in securities 262 105 301 152 (d) Shares in companies 144 854 155 784 (e) Loans 1 792 3 298 (f) Other 155 893 147 347 5. Sundry debtors 32 285 26 601 (a) Arrear contributions 14 066 1 461 (b) Interest accrued 17 828 22 661 (c) Dividends receivable - - (d) Owing by members in respect of benefits 12 - (e) Other 379 2 478 6. Payments in advance 40 - 7. Cash 26 427 34 862 (a) On hand 123 266 (b) At bank 26 304 34 596 8. Other assets 7 560 2 556 TOTAL 850 096 911 301

LIABILITIES 1. Accumulated funds 437 602 469 038 (a) Sick pay 7 574 25 750 (b) Death 96 003 203 494 (c) Funeral 225 024 110 555 (d) Other (note 2) 109 002 129 239 2. Capital and guarantee deposits 70 407 9 633 3. Reserves 292 864 393 506 4. Provisions for unpaid claims 496 6 869 5. Other provisions 1 800 12 731 6. Sundry creditors 45 211 16 954 (a) Contributions received in advance 11 155 10 092 (b) Other 34 056 6 862 7. Other liabilities 1 717 2 570 TOTAL 850 096 911 301

1. These figures relate to the 32 friendly societies that have submitted financial statements in 2016 in comparison to the 36 that submitted for 2015. 2. This figure includes all other benefit types not provided for in 1(a), (b) and (c) under Liabilities.

2016 Annual report of the Registrar of Friendly Societies 5 TABLE 3: INVESTMENT COMPOSITION OF SELF-ADMINISTERED FRIENDLY SOCIETIES (note1)

INVESTMENTS (note 2)

Value (R’000) Deposits and savings accounts 203 778 Government, municipal and other stock 4 225 Collective investment schemes in securities (note 3) 262 105 Shares in companies 144 854 Loans (note 4) 1 792 Other 156 117 TOTAL 772 872

0,23% Loans

18,74% Shares in companies

20,20% Other

26,37% Deposits and Savings Accounts

33,91% Collective investment schemes in securities

0,55% Government, municipal and other stock

1. These figures relate to the 32 friendly societies that submitted financial statements for 2016. 2. All societies account for investments at fair value. 3. Collective investment schemes in securities as defined in the Collective Investment Schemes Control Act, 45 of 2002, in respect of which the society obtains a certificate that the scheme has throughout the period covered by its income and expenditure account, complied with the distribution requirements of assets referred to in the Annexure to Regulation 29. 4. Loans granted to members in terms of section 20(5) (b) are restricted to seventy-five percent of the market value accrued.

6 TABLE 4: FIVE-YEAR OVERVIEW OF NUMBER OF REGISTERED FRIENDLY SOCIETIES

2012 2013 2014 2015 2016 1. Number of friendly societies required to submit returns 92 94 94 94 94 2. Number of friendly societies not required to submit returns 109 107 107 107 107 (note 1)

TOTAL 201 201 201 201 201

Note: This includes societies that operate exclusively by means of insurance policies issued by a registered insurance company, societies exempted from submitting returns, and societies in liquidation.

TABLE 5: NUMBER OF SOCIETIES THAT SUBMITTED RETURNS

TYPE OF SOCIETY 2016 2015 Self-administered societies 32 36 Bargaining council 0 1 Total 32 37

TABLE 6: NUMBER OF MEMBERS IN SOCIETIES

TYPE OF SOCIETY 2016 2015 Self-administered societies (note 1) 392 978 485 884 Bargaining council 0 8 867 Total 392 978 494 751

Note: These figures relate to the 32 friendly societies that submitted financial statements in 2016 compared to the 36 that submitted for 2015

TABLE 7: BENEFITS PAID – ALL SOCIETIES

Self-administered societies (note 1) 2016 2015 R’000 R’000 Sick Pay 2 812 2 690 Death 6 326 3 271 Funeral 40 772 50 226 Other 4 822 3 237 TOTAL 54 732 59 424

Notes: These figures relate to the 32 friendly societies, which submitted financial statements for 2016 in comparison to the 36 submitted for 2015.

2016 Annual report of the Registrar of Friendly Societies 7 TABLE 8: TYPES OF BENEFITS PROVIDED BY SELF-ADMINISTERED FRIENDLY SOCIETIES

NUMBER OF SOCIETIES TYPES OF BENEFITS PROVIDED (note 1) 2016 2015 Sick pay (note 2) 7 8 Death 9 10 Funeral 11 14 Other (note 3) 8 9

Notes: Several societies offer more than one type of benefit. Sick pay benefits consist of sick and medical benefits. Other benefits included educational benefits and community assistance benefits.

TABLE 9: FIVE-YEAR OVERVIEW OF STATISTICS OF SELF-ADMINISTERED FRIENDLY SOCIETIES

Members Revenue Benefits Paid Total Assets ‘000 R’000 R’000 R’000 2012 417 195 960 64 611 714 617 2013 518 192 813 60 561 794 699 2014 486 164 627 63 249 830 818 2015 410 184 764 59 424 911 301 2016 392 106 311 54 731 850 096 (note 1)

Note: These figures relate to the 32 friendly societies, which submitted financial statements for 2016 in comparison to the 36 submitted for 2015.

TABLE 10: TOP 20 FRIENDLY SOCIETIES RANKED IN TERMS OF ASSET VALUE

SOCIETY SOCIETY NAME TOTAL ASSETS NUMBER R’000 2016 2015 2016 1 1 138 445 GROEP-BEGRAFNISASSOSIASIE 208 611.00 2 2 138 747 NEW APOSTOLIC CHURCH BURIAL FUND 98 962.00 3 3 1 381 109 PRINTING INDUSTRY EMPLOYEE BENEFIT FUND FOR SATU MEMBERS 4 5 138 760 STERFTEFONDS VAN DIE ATKV 56 081.00 5 6 138 411 NATIONAL MUTUAL AID ASSOCIATION OF RAILWAYS, AIRWAYS AND 45 834.00 HARBOUR SERVANTS (SA) 6 7 1 381 255 OAC BURIAL SOCIETY: DISTRICT WESTERN CAPE 34 509.00 7 8 138 354 UNION CORPORATION MINES DEATH BENEFIT FUND 32 666.00 8 9 1 381 250 OAC BURIAL SOCIETY: DISTRICT GAUTENG 19 593.00 9 10 138 813 FELTEX SICK PAY FUND 17 049.00 10 13 1 381 267 LEBOWA FRIENDLY SOCIETY 13 657.00 11 12 1 381 254 OAC BURIAL SOCIETY: NORTHERN DISTRICT 13 532.00 12 14 1 381 251 OAC BURIAL SOCIETY: DISTRICT EASTERN CAPE 11 880.00 13 15 138 942 LEATHER WORKERS DEATH SOCIETY 9 407.00 14 - 138 900 BENEFIT FUND OF THE CAPE TOWN AND WELLINGTON BRANCH OF THE 7 648.00 NATIONAL UNION OF LEATHER AND ALLIED WORKERS 15 16 1 381 266 LEDWABA FRIENDLY SOCIETY 7 548.00 16 18 138 539 PINETOWN TEXTILE MILLS MEDICAL BENEFIT SOCIETY 7 324.00 17 19 1 381 281 JAMIATUT TOLIBIEN MUSLIM BURIAL SERVICES 8 355.00 18 20 1 381 256 OAC BURIAL SOCIETY: DISTRICT FREE STATE 5 366.00 19 - 1 381 096 PHILAROLD FUNERALS FRIENDLY SOCIETY 5 147.00 20 - 1 381 011 DIE ARME MUSLIMS 5 011.00

8 TABLE 11: SELF-ADMINISTERED SOCIETIES IN DEFAULT FOR NON-SUBMISSION OF FINANCIAL RETURNS FOR THE YEAR ENDING 31 DECEMBER 2016

SOCIETY SOCIETY NAME NUMBER 1381149 AAM FRIENDLY SOCIETY 1381263 ACHIEVERS’ CLUB 1381117 AERO MANNESKAPGROEP ONDERLINGE HULPVERENIGING (AMG OHV) 1381274 AFRIKA ONDERLINGE HULPVERENIGING 1381278 APOSTOLIC JERUSALEM BURIAL SOCIETY (THE) 1381327 12 APOSTLE CHURCH OF JESUS CHRIST BURIAL SOCIETY ALEXANDRA 1381282 BAKGADITSI FAMILY BURIAL SOCIETY 1381237 BAMBANANI BURIAL SOCIETY 1381258 BDB BENEFIT SOCIETY 138867 BENEFITS FUND OF THE MIDLAND BRANCH OF THE NATIONAL UNION OF LEATHER WORKERS 1381163 BOPANANG BURIAL SOCIETY 1381178 CHEMICAL AND OIL INDUSTRIES EDUCATION FUND (THE) 1381285 CLASSIC FRIENDLY SOCIETY 1381319 CHURCH OF JESUS CHRIST OUTREACH SOCIETY 138722 CONSOLIDATED TEXTILES MEDICAL BENEFIT SOCIETY (EAST LONDON) 1381049 DEMOCRATIC INTEGRATED MUNICIPAL EMPLOYEES`SOCIETY`S BENEFIT FUND SCHEME 1381311 DIKHUTSANA AFRICAN FRIENDLY SOCIETY 1381284 DIPUTA FRIENDLY SOCIETY 1381194 DRS G & R DE MUELENAERE INC. FRIENDLY SOCIETY 138887 DURBAN LEATHER WORKER’S BENEFIT FUND 1381031 EDUCATIONAL FUND OF THE NATIONAL UNION OF FURNITURE AND ALLIED WORKERS OF SA 138975 ELIM SPAARVERENIGING 1381166 FORESTRY AND HORTICULTURE INDUSTRIES EDUCATION FUND 1381168 GLOBAL EDUCARE BENEFIT FUND 138726 GREAT NORTH BURIAL SOCIETY 138725 HARMONY GENOOTSKAP 138618 HARTEBEESTFONTEIN GOLD MINE EMPLOYEES BENEVOLENT SOCIETY 1381268 INTERCHURCH FUNERAL SERVICES SOCIETY 1381280 KGOMOTSO SOCIETY 138556 KLERKSDORP MINES BENEFIT SOCIETY - MONETARY BENEFITS 138523 KRUGERSDORPSE ONDERLINGE BEGRAFNIS GENOOTSKAP 138454 MODDERFONTEIN MUTUAL AID FUND 138343 MOTOUNION DEATH FUND 138853 NATIONAL UNION OF LEATHER AND ALLIED WORKERS AND ALLIED WORKERS NORTHERN DISTRICT DISTRESS FUND 1381297 NDABA FRIENDLY SOCIETY 1381286 NEWCASTLE PEOPLE’S FRIENDLY SOCIETY 1381277 NON-MATHATA FRIENDLY SOCIETY 138919 NUMSA BENEFIT FUND 1381313 PALESA ENTLE GO BATHO BURIAL SOCIETY 1381155 PERFORMA DIENSTEFONDS 1381093 PMP BENEVOLENT FUND 138350 POST OFFICE DEPENDANTS AID SOCIETY

2016 Annual report of the Registrar of Friendly Societies 9 SOCIETY SOCIETY NAME NUMBER 1381217 RHEMA FRIENDLY SOCIETY 138873 SA ELECTRICAL WORKERS ASSOCIATION SICKNESS AND ACCIDENT FUND 138963 SA WOODWORKERS UNION BENEVOLENT FUND 138467 SACTA LIFE ASSURANCE SCHEME 1381200 SASBO EDUCATION FUND 1381276 SIHLALI FRIENDLY SOCIETY 1381290 SOCIETY HELPER PROJECT FRIENDLY SOCIETY 1381054 SOMERSET WEST FACTORY MUTUAL AID FUND 1381059 SOUTH AFRICAN COMMERCIAL CATERING AND ALLIED WORKERS UNION BENEVOLENT FUND (THE SACCAWU BENEVOLENT FUND) 1381097 STAFF ASSOCIATION HOSPITALISATION FRIENDLY SOCIETY 1381271 T.S BURIAL SOCIETY 1381312 THE MOTORSPORT LEGENDS BENEVOLENT FRIENDLY SOCIETY 1381321 THE ROAD USER’S SOCIETY 1381231 TRANSAFRICA FUNERAL SOCIETY 138809 TRANSPORT AND OMNIBUS WORKER’S BENEVOLENT FUND 1381189 TRANSPORT INDUSTRIES EDUCATION FUND (THE) 1381192 TSWARAGANO FRIENDLY SOCIETY 138785 UITLIEFDE GENOOTSKAP 138369 USCO SICK PAY AND BENEFIT FUND 1381017 VAAL REEFS BENEVOLENT FUND 138341 WESTERN PROVINCE BUILDING AND ALLIED TRADES SICK FUND AND DEATH BENEFIT FUND 1381279 ZENZELE FRIENDLY SOCIETY 1381275 ZIYA FRIENDLY SOCIETY

SOCIETY SOCIETY NAME NUMBER 1381149 AAM FRIENDLY SOCIETY 1381263 ACHIEVERS’ CLUB 1381274 AFRIKA ONDERLINGE HULPVERENIGING 1381278 APOSTOLIC JERUSALEM BURIAL SOCIETY (THE) 1381282 BAKGADITSI FAMILY BURIAL SOCIETY 1381237 BAMBANANI BURIAL SOCIETY 1381258 BDB BENEFIT SOCIETY 138867 BENEFITS FUND OF THE MIDLAND BRANCH OF THE NATIONAL UNION OF LEATHER WORKERS 1381163 BOPANANG BURIAL SOCIETY 1381178 CHEMICAL AND OIL INDUSTRIES EDUCATION FUND (THE) 1381285 CLASSIC FRIENDLY SOCIETY 138722 CONSOLIDATED TEXTILES MEDICAL BENEFIT SOCIETY (EAST LONDON) 1381049 DEMOCRATIC INTEGRATED MUNICIPAL EMPLOYEES`SOCIETY`S BENEFIT FUND SCHEME 1381311 DIKHUTSANA AFRICAN FRIENDLY SOCIETY 1381284 DIPUTA FRIENDLY SOCIETY 1381194 DRS G & R DE MUELENAERE INC. FRIENDLY SOCIETY 1381031 EDUCATIONAL FUND OF THE NATIONAL UNION OF FURNITURE AND ALLIED WORKERS OF SA 138975 ELIM SPAARVERENIGING 1381166 FORESTRY AND HORTICULTURE INDUSTRIES EDUCATION FUND

10 SOCIETY SOCIETY NAME NUMBER 1381168 GLOBAL EDUCARE BENEFIT FUND 138726 GREAT NORTH BURIAL SOCIETY 138618 HARTEBEESTFONTEIN GOLD MINE EMPLOYEES BENEVOLENT SOCIETY 1381268 INTERCHURCH FUNERAL SERVICES SOCIETY 138556 KLERKSDORP MINES BENEFIT SOCIETY - MONETARY BENEFITS 138523 KRUGERSDORPSE ONDERLINGE BEGRAFNIS GENOOTSKAP 138454 MODDERFONTEIN MUTUAL AID FUND 138343 MOTOUNION DEATH FUND 138853 NATIONAL UNION OF LEATHER AND ALLIED WORKERS AND ALLIED WORKERS NORTHERN DISTRICT DISTRESS FUND 1381297 NDABA FRIENDLY SOCIETY 1381286 NEWCASTLE PEOPLE’S FRIENDLY SOCIETY 1381277 NON-MATHATA FRIENDLY SOCIETY 138919 NUMSA BENEFIT FUND 1381313 PALESA ENTLE GO BATHO BURIAL SOCIETY 1381155 PERFORMA DIENSTEFONDS 1381217 RHEMA FRIENDLY SOCIETY 138873 SA ELECTRICAL WORKERS ASSOCIATION SICKNESS AND ACCIDENT FUND 138963 SA WOODWORKERS UNION BENEVOLENT FUND 138366 SASBO DEATH BENEFIT FUND 1381200 SASBO EDUCATION FUND 1381276 SIHLALI FRIENDLY SOCIETY 1381290 SOCIETY HELPER PROJECT FRIENDLY SOCIETY 1381054 SOMERSET WEST FACTORY MUTUAL AID FUND 1381059 SOUTH AFRICAN COMMERCIAL CATERING AND ALLIED WORKERS UNION BENEVOLENT FUND (THE SACCAWU BENEVOLENT FUND) 1381097 STAFF ASSOCIATION HOSPITALISATION FRIENDLY SOCIETY 1381271 T.S BURIAL SOCIETY 1381312 THE MOTORSPORT LEGENDS BENEVOLENT FRIENDLY SOCIETY 1381321 THE ROAD USER’S SOCIETY 1381231 TRANSAFRICA FUNERAL SOCIETY 1381189 TRANSPORT INDUSTRIES EDUCATION FUND (THE) 1381192 TSWARAGANO FRIENDLY SOCIETY 138785 UITLIEFDE GENOOTSKAP 138369 USCO SICK PAY AND BENEFIT FUND 1381017 VAAL REEFS BENEVOLENT FUND 138341 WESTERN PROVINCE BUILDING AND ALLIED TRADES SICK FUND AND DEATH BENEFIT FUND 1381279 ZENZELE FRIENDLY SOCIETY 1381275 ZIYA FRIENDLY SOCIETY

2016 Annual report of the Registrar of Friendly Societies 11 TABLE 12: REGISTERED FRIENDLY SOCIETIES AS AT 31 DECEMBER 2016

SOCIETY SOCIETY NAME NUMBER 1381149 AAM FRIENDLY SOCIETY 1381263 ACHIEVERS’ CLUB 1381117 AERO MANNEKRAGGROEP ONDERLINGE HULPVERENIGING (AMG OHV) 1381274 AFRIKA ONDERLINGE HULPVERENIGING 138812 ALL SAINTS BURIAL SOCIETY 138422 AMALGAMATED UNION OF BUILDING TRADE WORKERS OF SA BENEFITS FUND 1381262 AMMUNITION AND ALLIED WORKERS FRIENDLY SOCIETY 1381278 APOSTOLIC JERUSALEM BURIAL SOCIETY (THE) 1381070 AREBOLOKANENG S.A. SOCIETY 1381010 ARGUS SICK PAY FUND (IN LIQUIDATION) 1381011 ARME MUSLIM BURIAL SOCIETY 1381327 12 APOSTLE CHURCH OF CHRIST BURIAL SOCIETY ALEXANDRA 1381282 BAKGADITSI FAMILY BURIAL SOCIETY 1381237 BAMBANANI BURIAL SOCIETY 1381015 BARRYDALESE KLEURLING BEGRAFNISGENOOTSKAP 138775 BATTSWOOD DOODGENOOTSKAP 1381258 BDB BENEFIT SOCIETY 138881 BENEFIT FUND OF THE NATIONAL UNION OF LEATHER WORKERS 138900 BENEFITS FUND OF THE CAPE TOWN BRANCH OF THE NATIONAL UNION OF LEATHER & ALLIED WORKERS 138867 BENEFITS FUND OF THE MIDLAND BRANCH OF THE NATIONAL UNION OF LEATHER WORKERS 1381090 BENEVOLENT SOCIETY OF THE SOUTHERN AFRICA UNION CONFERENCE OF THE SEVENTH DAY ADVENTIST 1381100 BETHEL BEGRAFNIS GENOOTSKAP 1381179 BEVERAGE AND HOTEL INDUSTRIES EDUCATION FUND (THE) 1381163 BOPANANG BURIAL SOCIETY 138883 CAPE FRIENDLY SOCIETY 138817 CAPE TOWN EMBEE SICK BENEFIT SOCIETY 1381178 CHEMICAL AND OIL INDUSTRIES EDUCATION FUND (THE) 1381272 CHRISTELIKE HULPGENOOTSKAP (DIE) 138685 CHURCH OF GOD OF RSA BURIAL SOCIETY 1381319 CHURCH OF JESUS CHRIST OUTREACH SOCIETY 1381285 CLASSIC FRIENDLY SOCIETY 1381188 CLOTHING,FOOTWEAR AND TEXTILE INDUSTRIES EDUCATION (THE) 138722 CONSOLIDATED TEXTILES MEDICAL BENEFIT SOCIETY (EAST LONDON) 1381137 CONSTRUCTION INDUSTRIES EDUCATION TRUST FUND 1381108 CORRECTIONAL SERVICES WIDOW AND ORPHAN SOCIETY 1381131 DADDIES BURIAL SOCIETY 1381049 DEMOCRATIC INTEGRATED MUNICIPAL EMPLOYEES`SOCIETY`S BENEFIT FUND SCHEME 1381139 DIE SUID-AFRIKAANSE VOLKSVERENIGING 1381311 DIKHUTSANA AFRICAN FRIENDLY SOCIETY 1381284 DIPUTA FRIENDLY SOCIETY 1381194 DRS G & R DE MUELENAERE INC. FRIENDLY SOCIETY 138887 DURBAN LEATHER WORKERS’ BENEFITS FUND (IN LIQUIDATION) 138960 EAST COAST EMPLOYEES BENEFIT PLAN 138651 EAST LONDON COLOURED PEOPLES BURIAL SOCIETY

12 SOCIETY SOCIETY NAME NUMBER 138414 EASTERN PROVINCE NEWSPAPERS SICK PAY FUND 138935 EASTERN PROVINCE OWNERS AND TRAINERS BENEVOLENT FUND 1381031 EDUCATIONAL FUND OF THE NATIONAL UNION OF FURNITURE AND ALLIED WORKERS OF SA 1381154 EDUCO BENEFIT FUND 1381183 ELECTRONIC,ELECTRICAL AND BATTERY INDUSTRIES EDUCATION FUND (THE) 138966 ELIM BEGRAFNISVERENIGING 138975 ELIM SPAARVERENIGING 1381182 ENGINEERING INDUSTRIES EDUCATION FUND (THE) 1381143 EUREKA ALGEMENE HULPGENOOTSKAP 1381264 FAMILY FUNERAL FRIEND SOCIETY & SERVICES 138813 FELTEX SICK PAY FUND 1381181 FOOD INDUSTRIES EDUCATION FUND (THE) 1381166 FORESTRY AND HORTICULTURE INDUSTRIES EDUCATION FUND 138552 FRAME MEDICAL BENEFIT SOCIETY (DURBAN) 138514 FRAME TEXTILE CORPORATION LTD (LADYSMITH MILLS) MEDICAL BENEFIT SOCIETY (IN LIQUIDATION) 138740 FREE STATE GEDULD MINES LIMITED BENEVOLENT FUND 1381238 FRIENDS FOR LIFE 1381168 GLOBAL EDUCARE BENEFIT FUND 138720 GLYNNS BENEFIT FUND (IN LIQUIDATION) 138691 GOEDEMOED DOODGENOOTSKAP 138634 GOLDEN ARROW EMPLOYEES` BENEVOLENT FUND 138764 GRAND LODGE FREE GARDENERS 138726 GREAT NORTH BURIAL SOCIETY 138445 GROEP-BEGRAFNISASSOSIASIE 1381206 H NAUDE FRIENDLY SOCIETY 138725 HARMONY GENOOTSKAP 138618 HARTEBEESTFONTEIN GOLD MINE EMPLOYEES BENEVOLENT SOCIETY 138735 HELPMEKAAR GENOOTSKAP 1381083 HLOMANI BURIAL SOCIETY 1381241 IKEMELENG WOMEN’S CLUB 138933 INDEPENDENT BENEFIT SOCIETY 138610 INDEPENDENT MOSLEM BURIAL SOCIETY 1381268 INTERCHURCH FUNERAL SERVICES SOCIETY 1381071 IPOLOENG BURIAL CLUB 1381281 JAMIATUT TOLIEBIEN MUSLIM BURIAL SERVICES 1381063 JEWELLERS AND GOLDSMITHS UNION BENEVOLENT FUND 138940 JOHANNESBURG TRANSPORT AND MUNICIPAL EMPLOYEES UNION SICKNESS AND ACCIDENT BENEFIT FUND 138569 JOURNALISTS JOINT UNEMPLOYMENT BENEFIT FUND (IN LIQUIDATION) 1381065 KAROO EENDRACHT BEGRAFNISVERENIGING 138806 KEIMOES EENDRACHT BEGRAFNIS VERENIGING 1381280 KGOMOTSO SOCIETY 1381133 KING`S SCHOOL BRYANSTON PARENTS AND PUPILS EDUCATION TRUST FUND 138556 KLERKSDORP MINES BENEFIT SOCIETY - MONETARY BENEFITS 138523 KRUGERSDORPSE ONDERLINGE BEGRAFNIS GENOOTSKAP 138942 LEATHER WORKERS DEATH SOCIETY

2016 Annual report of the Registrar of Friendly Societies 13 SOCIETY SOCIETY NAME NUMBER 1381267 LEBOWA FRIENDLY SOCIETY 1381266 LEDWABA FRIENDLY SOCIETY 138689 LELIEBLOEM HULP EN DOODGENOOTSKAP 138704 LOYAL ALFRED LODGE FRIENDLY SOCIETY NO 5072 138385 LOYAL BELLAIR LODGE NO 7919 OF THE NATAL DISTRICT IOOF MUFS 138381 LOYAL DURBAN LODGE NO 5403 OF THE NATAL DISTRICT IOOF MUFS 138588 LOYAL VICTORIA LODGE NO 6119 OF THE SA DISTRICT IOOF MUFS 1381027 MAIN TIN INDIAN BENEFIT SOCIETY 1381050 MAMRE HULP BEGRAFNIS GENOOTSKAP 1381242 MASINCEDISANE SOCIETY SCHEME 138482 METAL BOX NON-EUROPEAN BENEFIT SOCIETY 1381066 MIDDELBURG (KAAP) EENDRACHT BEGRAFNISVERENIGING 138938 MIDLAND FACTORY MUTUAL AID FUND 1381190 MINING INDUSTRIES EDUCATION FUND (THE) 138454 MODDERFONTEIN MUTUAL AID FUND 1381136 MOTOR AND ALLIED WORKERS EDUCATION TRUST FUND 138343 MOTOUNION DEATH FUND 1381232 MUAVHA BURIAL SOCIETY 1381098 NAMPAK GROUP FAMILY FUNERAL BENEFIT PLAN (IN LIQUIDATION) 138379 NATAL DISTRICT OF THE INDEPENDENT ORDER OF ODD FELLOWS MANCHESTER UNITY FRIENDLY SOCIETY 138411 NATIONAL MUTUAL AID ASSOCIATION OF RAILWAYS, AIRWAYS AND HARBOUR SERVANTS (SA) 138853 NATIONAL UNION OF LEATHER AND ALLIED WORKERS NORTHERN DISTRICT DISTRESS FUND 1381297 NDABA FRIENDLY SOCIETY 138747 NEW APOSTOLIC CHURCH BURIAL FUND 1381286 NEWCASTLE PEOPLE’S FRIENDLY SOCIETY 1381277 NON-MATHATA FRIENDLY SOCIETY 138395 NOORDELIKE BOUWERKERSVAKBOND 138919 NUMSA BENEFIT FUND 1381253 OAC BURIAL SOCIETY 1381255 OAC BURIAL SOCIETY : DISTRICT WESTERN CAPE 1381254 OAC BURIAL SOCIETY : NORTHERN DISTRICT 1381251 OAC BURIAL SOCIETY: DISTRICT EASTERN CAPE 1381256 OAC BURIAL SOCIETY: DISTRICT FREE STATE 1381250 OAC BURIAL SOCIETY: DISTRICT GAUTENG 1381252 OAC BURIAL SOCIETY: DISTRICT KWAZULU-NATAL 1381125 P A B ONDERLINGE HULPVERENIGING 1381313 PALESA ENTLE GO BATHO BURIAL SOCIETY 1381155 PERFORMA DIENSTEFONDS 138996 PERSKOR TEGNIESE PERSONEEL SIEKEFONDS (IN LIQUIDATION) 1381177 PHARMACEUTICAL AND MEDICAL INDUSTRIES EDUCATION FUND (THE) 1381096 PHILAROLD FUNERALS FRIENDLY SOCIETY 1381094 PHILLIPPI HULPGENOOTSKAP 138539 PINETOWN TEXTILE MILLS MEDICAL BENEFIT SOCIETY 138742 PIONEER ISLAMIC FRIENDLY SOCIETY 1381039 PMP BENEVOLENT FUND 1381057 POLIFIN MUTUAL AID FUND

14 SOCIETY SOCIETY NAME NUMBER 138350 POST OFFICE DEPENDANTS AID SOCIETY (IN LIQUIDATION) 1381109 PRINTING INDUSTRY EMPLOYEE BENEFIT FUND FOR SATU MEMBERS 138846 RETREAT BEGRAFNISVERENIGING 1381217 RHEMA FRIENDLY SOCIETY 1381203 RHINO EMPLOYEES BENEVOLENT FUND 1381174 RIDGE EDUCATIONAL TRUST FRIENDLY SOCIETY 1381093 RIEBEEK-WES BEGRAFNISGENOOTSKAP 138811 ROBERTSON ALGEMENE HULPGENOOTSKAP 1381084 ROVONINGO BURIAL SOCIETY 138459 SA DISTRICT INDEPENDANT ORDER OF ODD FELLOWS, MANCHESTER UNITY FRIENDLY SOCIETY 138873 SA ELECTRICAL WORKERS ASSOCIATION SICKNESS AND ACCIDENT FUND 138963 SA WOODWORKERS UNION BENEVOLENT FUND 138467 SACTA LIFE ASSURANCE SCHEME 138344 SAICCOR SICK BENEFIT FUND 1381061 SAMANCOR FUNERAL BENEFIT SCHEME 138476 SANTA PORT ELIZABETH BRANCH CONTRIBUTORY SICK FUND 1381200 SASBO EDUCATION FUND 1381276 SIHLALI FRIENDLY SOCIETY 1381244 SIZANANI BURIAL SOCIETY 1381290 SOCIETY HELPER PROJECT FRIENDLY SOCIETY 1381022 SOMERSET OOS BEGRAFNISVERENIGING 1381054 SOMERSET WEST FACTORY MUTUAL AID FUND 1381059 SOUTH AFRICAN COMMERCIAL, CATERING AND ALLIED WORKERS`UNION BENEVOLENT FUND (THE SACCAWU BENEVOLENTFUND) 138314 SOUTH AFRICAN PRINTERS SICK BENEFIT SOCIETY 138688 SOUTHFIELD DOOD EN HULPGENOOTSKAP 138638 SPOEGRIVIER BEGRAFNISGENOOTSKAP 138695 ST DAVID LODGE NO.1 ORDER OF FREE GARDENERS (AFRICA) 1381097 STAFF ASSOCIATION HOSPITALISATION FRIENDLY SOCIETY 138656 STAR OF KILMARNOCK LODGE (A.O.F.G.) SCOTLAND NO 99 1381191 STEEL AND ALLIED INDUSTRIES EDUCATION FUND (THE) 138760 STERFTEFONDS VAN DIE ATKV 1381033 STEWARTS AND LLOYDS GROUP SICK PAY FUND (IN LIQUIDATION) 1381271 T.S BURIAL SOCIETY 1381309 TEXTILE OPEN BENEFIT SOCIETY 1381312 THE MOTORSPORT LEGENDS BENEVOLENT FRIENDLY SOCIETY 1381321 THE ROAD USER’S SOCIETY 1381111 THE SOUTH AFRICAN EDUCATION TRUST FUND 1381086 TIHARIHANI BURIAL SOCIETY 1381079 TIRHISANANI BURIAL SOCIETY 1381231 TRANSAFRICA FUNERAL SOCIETY 138809 TRANSPORT AND OMNIBUS WORKERS`BENEVOLENT FUND 1381189 TRANSPORT INDUSTRIES EDUCATION FUND (THE) 138749 TRANSVAAL MUSLIM BURIAL SOCIETY 138593 TRAWLERMENS SICK BENEFIT AND BENEVOLENT FUND 1381192 TSWARAGANO FRIENDLY SOCIETY

2016 Annual report of the Registrar of Friendly Societies 15 SOCIETY SOCIETY NAME NUMBER 138785 UITLIEFDE GENOOTSKAP 138592 ULCO EUROPEAN EMPLOYEES WELFARE FUND 138930 UMBOGINTWINI FACTORY MUTUAL AID FUND 138354 UNION CORPORATION MINES DEATH BENEFIT FUND 138804 UPINGTON EENDRACHT BEGRAFNISVERENIGING 138369 USCO SICK PAY AND BENEFIT FUND 1381158 UTLWANANG BURIAL SOCIETY 1381017 VAAL REEFS BENEVOLENT FUND 1381292 VERONICA’S FUNERALS FRIENDLY SOCIETY 138818 VREDEHULP DOODGENOOTSKAP 138692 WELCOME ESTATE BURIAL SOCIETY 138341 WESTERN PROVINCE BUILDING AND ALLIED TRADES SICK FUND AND DEATH BENEFIT FUND 138528 WORKERS WELFARE FUND (IN LIQUIDATION) 1381279 ZENZELE FRIENDLY SOCIETY 1381144 ZIKLIFE FUNERAL BENEFIT FUND 1381275 ZIYA FRIENDLY SOCIETY 1381073 ZWAMITA SAVING CLUB

CONTACT INFORMATION

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Website: http://www.fsb.co.za

16 2016 Annual report of the Registrar of Friendly Societies 17 NOTES

18 REGISTRAR OF PENSION FUNDS ANNUAL REPORT RP31/2018 www.fsb.co.za RP344/2017 ISBN: 978-0-621-46069-8 www.fsb.co.za ISBN: 978-0-621-45934-0