ASSETS

As at 31 March 2010 the total market value of the assets of the Fund amounted to R48 113 million.
These assets were held in the following types of investments (per market values as set out in the Audited Annual Financial Statements).

ACTUARIAL REVIEW AS AT 31 MARCH 2008

In terms of the Pension Funds Second Amendment Act of 2007, the Surplus Apportionment date (SAD) of the Fund is 31 March 2008. The Trustees of the Fund are currently finalizing the Surplus Apportionment Scheme for submission to the Financial Services Board. The result of the Actuarial Valuation of the Fund will be approved by Trustees when the Surplus Apportionment Scheme is finalized.