Momentum’s FundsAtWork is an umbrella fund solution that combines both a pension fund and a provident fund under one umbrella. The structure is designed to simplify the administration and management of employee benefits for companies while delivering significant value to employees. With multiple options to cater to varying needs, FundsAtWork provides employees with retirement planning, savings, investments, and group insurance.
Key Components of Momentum FundsAtWork
Momentum FundsAtWork is built on three essential pillars to address the diverse needs of South African employees and employers:
- Investments and Savings for Retirement
FundsAtWork provides retirement savings and investment solutions to help employees meet their financial goals for retirement. With a variety of investment portfolios to choose from, employees are more likely to reach their retirement targets, thanks to a well-structured and flexible investment framework. Additionally, FundsAtWork includes multiple annuity options to help employees sustain their lifestyle post-retirement. - Group Insurance for Financial Security
Group Insurance offers essential protection against unexpected life events. This coverage includes group life, funeral, and disability insurance, ensuring employees and their families have financial support during critical times. These benefits not only provide peace of mind but also foster a sense of security among employees, knowing their families are financially protected. - Value-Adding Services for Holistic Support
Momentum goes beyond the typical benefits by offering additional services. The Employee Assistance Programme provides support during traumatic life events, and the Housing Loan Guarantee helps employees secure financing for home purchases or renovations. Additionally, Hello Doctor offers free expert health advice over the phone, promoting health and wellness among employees.
FundsAtWork Product Options
FundsAtWork offers several product tiers to meet the varying needs of employers and employees:
- FundsAtWork Core: A basic, cost-effective option offering essential retirement and insurance benefits, such as basic death, disability, critical illness, and funeral cover.
- FundsAtWork Founder: A straightforward plan with limited investment and insurance flexibility, ideal for employers seeking basic employee benefits.
- FundsAtWork Provider: A balanced option providing more investment flexibility and a broad range of insurance benefits, including FlexiCovers for members who need more comprehensive coverage.
- FundsAtWork Entrepreneur: Tailored for companies with diverse needs, this option offers a wide selection of investment portfolios and comprehensive insurance benefits, maximizing flexibility for employees.
Why Choose Momentum FundsAtWork?
Momentum’s FundsAtWork solution is designed to provide businesses with flexible and cost-effective employee benefit plans, while supporting employees’ long-term financial well-being. Here’s what sets FundsAtWork apart:
- Flexible Contribution and Investment Options: Employers can set contribution rates, and depending on the product tier, employees can adjust their investments and contributions.
- Robust Support Resources: Momentum provides detailed resources, including signed forms, brochures, fund fact sheets, legal updates, and newsletters to keep both employers and employees informed and empowered.
- Compliance and Transparency: FundsAtWork adheres to POPIA and PAIA regulations, ensuring the highest standard of privacy and transparency.
Getting Started with Momentum FundsAtWork
Starting with FundsAtWork is simple. Employers can select from the product options that best align with their company’s needs, and employees can take advantage of a tailored retirement and insurance solution that secures their future. For more details on the available product tiers and to access the essential resources, visit Momentum FundsAtWork.
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.