NBC Holdings (Pty) Ltd

NBC Holdings (Pty) Ltd

NBC brings to the market a choice of employee benefits services, and related products for defined contribution, defined benefit and hybrid retirement funds. NBC pioneered the establishment of negotiated retirement funds in South Africa with member representation on the boards of trustees from the early 1980’s. NBC became an independent company in 1998, and with more than a decade behind them, the organisation looks forward to leading the charge in banking on Africa’s future.

NBC founder and visionary leader, Max Maisela, actively encouraged retirement fund stakeholders to negotiate the benefits and management structures of retirement funds to ensure that members’ legitimate expectations were met by their funds.

One of the key characteristics of a negotiated fund is a direct member representation on the board of trustees – a feature that was legislated in 1996 as a compulsory requirement for all registered retirement funds in South Africa. This trend is now starting to permeate the African continent.

NBC is proud to have taken an active lead in training, educating and empowering elected member trustees to take charge of their retirement fund savings and their financial destiny. Today, NBC is making great strides to achieving its vision as ‘Leader in People Benefits in Africa’.

CONTACT INFORMATION 
STATISTICS/ DEMOGRAPHICS/ HISTORY

Founding member: Max Maisela
Head office: Braamfontein, Johannesburg
Main branches: Cape Town, Durban and Port Elizabeth
Satellite branches: Polokwane, Richards Bay and Rosslyn, and Witbank
Southern African Offices: Maseru, Windhoek,Blantyre, Mbabane, Maputo
Memberships: Financial Intermediaries Association of SA, Approved S13B Administrator, Authorised Financial Services and Credit Provider (License no. 991)

BUSINESS & FINANCE

Financial year-end: 31 March
Holding company: NBC Holdings (Pty) Ltd
Bank: Standard Bank of SA Ltd
Auditors: PricewaterhouseCoopers Inc.
Key clients: Large industry retirement funds and retirement funds of many of South Africa’s blue-chipcompanies

NATURE OF BUSINESS

Vision: Leader in People Benefits in Africa
Activity: Delivering a choice of employee benefits services and related products for the retirement fund industry

NBC services

• Fund administration and account services

• Consulting services

• Legal services

• Actuarial services  NBC products

• Umbrella beneficiary fund

• Personal financial advice

• Investment consulting

• Unclaimed benefits provident preservation fund

• Home loans

• Credit life insurance

• Health risk management

• Negotiated solutions retirement fund

• Vukani member education

• Compulsory funeral cover

• Voluntary funeral cover

 

CONTRACTS & AWARDS

Awards: Nominated as one of South Africa’s Top Performing Companies for 2008 and 2009 –TOP300 Awarded the “Golden Arrow Award” from PMR

FAST FACTS

1. Established in 1998 and founded by the late Max Maisela
2. Is fully representative of South Africa’s demographic profile with more than 453 employees across the country
3. Has no ownership or shareholding ties with any life insurance companies, banks, asset managers or multi – managers
4. Involved in a number of CSI initiatives aimed at developing opportunities for black students and young black graduates from previously disadvantaged communities: Student Sponsorship Programme, Student Learnership Programme through INSETA, Soweto Career Day & Expo, Take a Girl Child by Cell C and Tracker’s Men in the Making Programme 

CONTACT INFORMATION

Executive Director & CEO: Bassie Maisela
Executive Directors: Tony Mercer and Balan Chetty
Executive Head: Africa & Regional Consulting: David Foo
Executive Head: Internal Support and Fund accounts: Stella Oakes
Executive Head: Professional Products: Andre Prinsloo
Executive Head: Consulting & New Business: Godfrey Vatsha
Executive Head: ICT: Seren Thomas
Executive Head: Administration: Jayna Pancham
Physical address: 76 Juta Street, Braamfontein
Postal address: PO Box 32528, Braamfontein
Telephone: +27 (0)10 206 0000
Fax: 086 688 5566
Email: info@nbc.co.za
Website: www.nbc.co.za

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Posted on

December 5, 2013

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