The Federated Employers Mutual Assurance Company (RF) (Pty) Ltd (“FEM”) is licensed to conduct non-life insurance business.

FEM Rolls Out Financial Literacy Project For Pensioners

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November 2023, Johannesburg – This month, the Federated Employers Mutual Assurance Company (RF) Proprietary Limited (FEM) hosted a Financial Literacy programme in Kidd Beach, East London. The training was aimed at FEM pensioners i.e., policyholder employees who receive compensation for severe occupational injury, disease, or death on duty. A total of 169 employees attended the session, they were trained on how to better manage their finances, including practical ways to take control of money affairs. The sessions form part of a larger project by FEM that plans to reach a number of stakeholders across South Africa.

The training programme included teaching methods related to budgeting, impulse buying, debt and understanding credit scores. The sessions’ facilitator from Breakout Africa said, “We sought to achieve scale and impact through the programme and it has been a privilege to see the participants recognise the importance of financial literacy.”

The East London session marked another milestone in FEM’s project, following successful financial literacy training sessions held in Johannesburg and Pretoria. Recognising the gravity and importance of financial literacy for pensioners, FEM started the project as a tool to support stakeholders’ level of financial knowledge and help them to effectively apply financial skills in navigating their own financial situations.

The 2023 sessions follow last year’s successful results in delivering training to pensioners. The number of beneficiaries trained reached 394 people (comprising FEM pensioners, construction workers and union members) across Gauteng, North-West province, Kwa-Zulu Natal and the Eastern Cape. During engaging discussions with beneficiaries, positive feedback demonstrated growing interest in financial upskilling and well-being.

FEM CEO Ndivhuwo Manyonga acknowledged the collaborative efforts of the team in driving the project. “FEM has a commitment to empower individuals with the necessary knowledge and skills, beneficial in driving informed financial decision-making. The organisation believes that this ultimately contributes to enhancing financial inclusion and economic growth in South Africa”, she stated.

About The Federated Employers Mutual Assurance Company (RF) (Pty) Ltd (FEM)

The Federated Employers Mutual Assurance Company (RF) (Pty) Ltd (FEM) is a mutual insurer that provides Workmen’s Compensation Cover to the construction industry in terms of the Compensation for Occupational Injuries and Diseases Act 1993 (COIDA). FEM was established as a mutual insurer in 1936 and, on the introduction of the Workmen’s Compensation Act 1941, was granted a license to continue to transact workmen’s compensation insurance for the construction industry. FEM business operations are essentially confined to the insurance of employers against their liabilities under COIDA, and related Regulations. For more information, visit:

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Media Contact:

For 1Africa Consulting  (Communications Agency):

Contact: Ms Nompumelelo Mngqibisa

Telephone +27 10 824 5611


FEM's Benefits Include:

Any medical costs related to the accident are covered.

Valid Letter of Good Standing for entrance to sites as well as tender applications.

Access to private healthcare for injured employees.

All administration is done by FEM which includes requesting all reports.

Online submission of claims documentation which helps speed up processing allowing for quick response

Merit rebates paid on favourable claims experience.

In addition, FEM has long-established relationships with an extensive list of private hospital groups as well as qualified professional nurses who monitor treatment to ensure it is in line with the injury, eliminating over-servicing. Accident statistics are also available on-line to assist employees in reducing risk. FEM also lodges Road Accident Fund claims for Motor Vehicle accidents on the employer’s behalf.

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