The Eskom Pension and Provident Fund, one of South Africa's largest retirement funds managing assets on behalf of Eskom employees, engaged Synergy Evolution to deliver comprehensive fixed asset management services for its operational asset portfolio.
The Challenge
As one of SA's largest retirement funds, EPPF operates under heightened financial scrutiny and governance requirements.
The fund's operational assets had not been comprehensively verified against the financial register.
Parastatal financial reporting standards require meticulous asset classification and disclosure.
Staff were primarily focused on fund management, with limited capacity for asset management.
Our Solution
Managed the complete asset portfolio for EPPF's operational infrastructure.
Conducted physical verification and FAR reconciliation across all fund facilities.
Ensured compliance with parastatal financial standards and reporting requirements.
Delivered asset management and accounting services tailored to fund operations.
Outcomes & Deliverables
Key Results
- Complete verification and reconciliation of all operational assets.
- Parastatal financial standards compliance achieved.
- Accurate asset register established for financial reporting.
- Audit readiness strengthened for fund governance reviews.
Core Deliverables
- Managed asset portfolio for one of SA's largest pension and provident funds.
- Conducted physical verification and FAR reconciliation.
- Ensured compliance with parastatal financial standards.
- Delivered asset management and accounting services.