Home Forum Shop Alumni
THE AIRFORCE - SAAF FUND
 
 
The South African Air Force Fund is an officially acknowledged establishment which strives to render a service to its beneficiaries with benefits which the State does not provide.

The following members are eligible to become members of the Fund and share in the benefits:
  • Regular Force members of the SAAF who are voluntary contributing to the Fund;
  • Public Service Act Personnel of the SAAF who are voluntary contributing to the Fund from a date prior to demilitarization;
  • Public Service Act Personnel who occupies approved post on the establishment of the SAAF who are voluntary contributing to the Fund; and
  • Members of the SAAF Reserve Force who are contributing members of the Fund.
Life-Long Membership upon Retirement
Members will be granted free life membership of the Fund as a benefit should they reach the minimum age of 50 years or above, and have contributed for a period of at least 10 years (continuous or non-continuous membership) to the Fund.

Membership benefits

The beginning

Managers Report for 2013/14

Contact details

National Office:
Private Bag X199
Pretoria
0001
Telephone: +27 (0)12 312 2281
Fax: +27 (0)12 325 6078
Email: info@airforcefund.co.za
Website: www.fund.af.mil.za/
 

The earliest minutes on record of the SAAF Fund is dated 11 August 1959. On these minutes the Fund was still officially known as the SA Air Force Regimental Fund with four members (including the Chairman) as the Board of Trustees. On 19 May 1960 the SAAF Regimental Fund was closed and the Fund registered as the SA Air Force Fund. The princely sum of 49,615 pounds three shillings and 11 pennies was subsequently transferred to the newly established SAAF Fund. Taking the then exchange rate (one Rand equals one Pound) this equates to R49 615-00. The then Air Chief of Staff was appointed as the Chairman with 5 trustees. Today the Fund Board of Trustees has 28 members including the manager and secretary.

Throughout the subsequent years the Fund continuously evolved in respect of its benefits structure to that what we have today. In those early years the manager of the Fund was a serving SAAF officer. This was later changed by appointing a retired SAAF officer as the fulltime manager. The Fund office at present consists of four personnel (all civilian members) namely the manager, bookkeeper, bookings clerk and office assistant.

At a meeting in May 1984 the Board gave principal approval for the purchase of holiday accommodation provided that the opinion of Fund members wrt where and what is to be purchased is first obtained. Today the Fund owns 22 holiday units situated in St Lucia, Umdloti, Durban beach front, Scottburgh, Shelley beach, Port Edward, Jeffreys bay, Mossel bay, The Strand and Blaauwbergstrand. The Fund also owns 79 weeks time share (Kruger Park Lodge, Castleburn, Ngwenya Lodge, Champagne Sports, The Peninsula, Mount Champagne, La Cote DíAzur, Durban Spa and Burchellís Bushveld Lodge) of which the 56 weeks at Kruger Park Lodge (close to Hazyview) is the jewel in our time share crown.

Funding iro the day to day activities are done utilising membership fees and commission received from various insurance companies. The Fund has on average 7 200 members (serving SAAF members). Our ex members eg retirees, members whom have accepted a severance package, contract terminations, resignations etc automatically become lifelong Fund members upon service termination providing such a member has contributed to the Fund for 10 years or longer. It must be noted that our retirees are valued members and our holiday accommodation are continuously being utilised by them.