STATEMENT IN RESPONSE TO NEWS24 ARTICLE REGARDING THE MOTOR INDUSTRY FUND ADMINISTRATORS (MIFA)
The Motor Industry Retirement Funds (MIRF) takes note of the recent News24 media article published on 13 June 2025, regarding MIFA laying civil and criminal charges against certain employees who colluded with members to defraud MIRF. MIRF views these criminal activities in a very serious light, as we have a firm zero-tolerance approach to any fraud and corruption activities.
As a valued service provider to MIRF and its members, MIFA has a longstanding relationship with us that is rooted in mutual integrity and a shared commitment to serving our members’ best interests. We acknowledge the MIFA Board’s swift response and its dedication to thoroughly dealing with this matter and holding all responsible parties accountable. The MIFA Board continues to provide MIRF with regular feedback on the matter.
It is important to note that there are no allegations or investigations against MIRF or any of its employees. MIRF remains fully committed to protecting the interests of its members and stakeholders, and will continue to engage closely with MIFA and monitor the developments.
MIRF would like to assure its members and stakeholders that their interests will always be protected throughout this process.
FOR MORE INFORMATION:
Mr Adam Esat
Principal Officer – Motor Industry Retirement Funds
Tel: 076 5571097
Email: adam@mirf.co.za