Fi­den­tia fi­asco

Finweek English Edition - - Letters - MIN­NOW

AMID ALL THE Fi­den­tia tur­moil, cer­tain is­sues seem to have been swept un­der the car­pet: • Who are the trustees of the Minework­ers’ Prov­i­dent Fund (MPF)? Busi­ness Day re­ports the Cham­ber of Mines and the NUM nom­i­nate the un­known trustees. What are their names? What are their re­spon­si­bil­i­ties to MPF mem­bers/ben­e­fi­cia­ries? What was their role in the ap­point­ment of Fi­den­tia to man­age its as­sets? • Who is the as­set man­age­ment con­sul­tant who rec­om­mended Fi­den­tia to the MPF trustees? It would be nice to have the Cham­ber of Mines and NUM clar­ify th­ese points pub­licly for the sake of good or­der.

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