Dear Valued Members of the Municipal Employees Pension Fund,

This year, Akani Retirement Fund Administrators proudly celebrates 23 years of service in the financial sector. Over the past two decades, we have remained steadfast in our commitment to providing innovative and value-driven services to you, our members. We deeply appreciate the trust and loyalty you have placed in us and want to assure you that Akani RFA will continue to prioritize transparency, integrity, and excellence in everything we do.

In light of recent developments, we understand that many of you may have concerns regarding an article published by News24 on August 8, 2024, titled "Workers for Jam: How Workers' Fund Manager Scored R300m by Selling Property…to the Workers," written by Mr. Sikonathi Mantshantsha. The article contains several unfounded and malicious allegations that have understandably caused concern among our members, stakeholders, and the public.

At Akani, we believe that transparency is key to fostering trust. Therefore, we are writing this letter to provide clarity that will dispel any misconceptions and inform you of the steps we are taking to address
these allegations

Please Download the attachment to read the fully detailed letter.