Who’s Who

Trustees

Craig Coltman

Occupation: Chairperson: Board of Trustees
Division: Not Applicable
Date of birth: 27/12/1960
Qualifications: National Higher Diploma: Cost and Management Accounting
B Com ( Honours) : Financial Management
Chartered Management Accountant

Colin Blanckenberg

Occupation: Pensioner
Date of birth: 09/01/1950
Qualifications: LLB

Alan Ashworth

Occupation: Pensioner
Division: Not Applicable
Date of birth: 12/08/1954
Qualifications: BSc Mining Engineering, Mine Managers Certificate of Competency

Daryl Kerspuy

Occupation: Financial Manager
Division: DBGS
Date of birth: 09/03/1979
Qualifications: Chartered Accountant and CIMA

Fred Ludick

Occupation: Senior Financial Analyst
Division: DBGS
Date of birth: 27/04/1970
Qualifications: B. Comm (Hons) (Financial Management), CGMA

Carol Ann Nefdt

Occupation: HR Business Partner and Rewards Manager
Division: De Beers Group
Date of birth: 18/09/1973
Qualifications: B Comm

Joseph Soyizwaphi

Occupation: Full-time Shop Steward
Division: DBSSSA
Date of birth: 15/02/1979
Qualifications: National Technical Diploma

Rabia Hannie

Occupation: Financial Manager
Division: DBGS Finance
Date of birth: 08/10/1968
Qualifications: B Com

Wayne Smerdon

Occupation: Senior HR Manager, Employee Relations
Division: DBCM HR
Date of birth: 22/10/1964
Qualifications: BA (Soc Sci)

Martha Thembo

Occupation: Diamond Sorter
Division: Venetia Mine
Date of birth: 08/04/1966
Qualifications: Grade 12, short course in safety management, risk management and incident investigation.

Abraham Shushu

Occupation: Pensioner
Division: Not Applicable
Date of birth: 14/11/1954
Qualifications: Grade 8

Ayatu Mbewe

Occupation: Shop steward at C & I Engineering
Division: Venetia Mine
Date of birth: 12/07/1973
Qualifications: Grade 12

Roger Ketley

Occupation: Pensioner
Division: Not Applicable
Date of birth: 12/10/1952
Qualifications: CIS Diploma / Higher Diploma in Company Law

Jenilee Jaftha

Occupation: Senior Reporting Analyst
Division: De Beers Group: Managed Operations
Date of birth: 28/06/1985
Qualifications: Chartered Accountant

Board Committee Members

Investment

  • C W Coltman (Chairperson)
  • C J Blanckenberg
  • R Hannie
  • R W Ketley
  • W F Ludick
  • D C Kerspuy
  • N J Soyizwaphi
  • D Bhana (Non-Trustee)
    Occupation: Pensioner
    Division: Not Applicable
    Date of birth: 08/07/1958
    Qualifications: B Compt (Hons), Post Graduate Diploma in Investment Planning, AGA (SA)

Death Benefit

  • S Mathonzi (Chairperson)
  • H Moodaley
  • N J Soyizwaphi
  • A Shushu
  • Patrick Mazibuko
    Occupation: Pensioner
    Division: Not Applicable
    Date of birth: 1954/01/31
    Qualifications: Grade 11 / 5th Form

Ill-Health

  • C W Coltman (Chairperson)
  • W J B Smerdon
  • N J Soyizwaphi

Audit and Risk

  • R W Ketley (Chairperson – Trustee)
  • R Hannie (Trustee)
  • J Jaftha (Trustee)
    Occupation: Senior Finance Manager
    Division: DBCM
    Date of birth: 28/06/1985
    Qualification: Chartered Accountant (SA)
  • D Meyer (Non-Trustee)
    Occupation: Accountant
    Division: DBCM Finance
    Date of birth: 06/06/1985
    Qualification: Honours in BSC
  • A Ashworth (Trustee)
  • D Bhana (Non Trustee)
    Occupation: Pensioner
    Division: Not Applicable
    Date of birth: 08/07/1958
    Qualifications: B Compt (Hons), Post Graduate Diploma in Investment Planning, AGA (SA)

Actuarial

  • C W Coltman (Chairperson)
  • R Hannie
  • R W Ketley
  • N J Soyizwaphi
  • D C Kerspuy

Communication and Education

  • W J B Smerdon (Chairperson)
  • C W Coltman
  • R W Ketley
  • W F Ludick
  • M Thembo

Remuneration

  • W J B Smerdon (Chairperson)
  • C W Coltman
  • R W Ketley
  • C A Nefdt

Disciplinary

  • C W Coltman (Chairperson)
  • N J Soyizwaphi
  • R W Ketley
  • W J B Smerdon
  • M Thembo

The facilitated home ownership programme proposal

  • C W Coltman (Chairperson)
  • W F Ludick
  • A Mbewe

Management

Stanley Mathonzi

Principal Officer

Kobus Badenhorst

Chief Operating Officer

Hemah Moodley

Fund Manager

David Datnow

Secretarial and Communications Manager

Wendy Chan Yan

Fund Administrator

Asmahaan Joseph

Financial Manager

Cornel Wiese

Office Manager

Departments

Pension Payroll

Sonia Hendricks

Supervisor

Jolanna Dawson

Candice Middleton

Mpho Moeti

Innocentia Siamisang

Member Ledger Administration

Barbara Jansen

MLA Supervisor

Elreza Diedericks

Lauren Van Staden

Kayla McNally

Communications

Charmaine Motto Ros

Accounts

Catherine-Anne Crowie

Supervisor

Samantha van der Ross

Investment Accountant

Charlene Barnes

IT & Office Administration

Andrew Boraine

Candice Starr

Diane Mushet

Pascalia Berend

Actuary

The Trustees of the Fund have appointed Mr. Andreas Michael from Keystone Actuarial Solutions as the Fund’s actuary.

The De Beers Pension Fund consists of defined benefit (DB) and a defined contribution (DC) section. In the DB section, most of the benefits are defined in terms of a members service and salary. Members pay a fixed contribution to the Fund (7.5% of pensionable salary) while the Company pays the balance of the cost of the benefits. The Company contribution varies depending on the actual experience of the Fund, i.e. investment returns, pension increases, resignations, deaths, new members, etc. In the DC Section, your benefits are determined by the value in your Fund Credit. Members pay a fixed contribution to the Fund (7.5% of pensionable salary) while the Company also pays a fixed contribution of 14.16% of pensionable salary – hence the name of this section of the Fund is Defined Contribution.

The Fund Actuary assesses the financial condition of the Fund (DB and DC) from time to time (at least every three years) and recommends the rate which the Company should pay in addition to the members’ contribution of 7.5% of salary in order for the Fund to continue to support the benefits as provided in the Fund rules.

Additional duties of the actuary

The Actuary is also involved in advising the Trustees on a wide variety of related matters such as:

  • recommendations for benefit improvements and the costs thereof
  • annual pension increase recommendations
  • individual member calculations
  • market trends and how the Fund should respond to these
  • changes to the Fund rules
  • calculations and advice related to mergers or acquisitions or transfers of individual members to or from other funds
  • a broad range of miscellaneous queries
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