Summary of Amendments Pukwana ya Kganya April 2023
21 8. By amending Part IV to make it clear that Part IV does not apply to the Basic Needs Benefit Policy. 9. By amending Annexe E.1 in disclosing the premium amount for the Basic Needs Benefit Policy as R6.90 per Policyholder per month. This Premium will be paid by the Trust from the Trust’s funds, without any initial increase in the Membership Contributions, provided that the Membership Contributions will be reviewed in February 2024. 10. By amending Annexe E.5, dealing with the Forgiveness Rules by making it clear that the Forgiveness Rules apply to the core Basic Needs Benefit but do not apply to the loyalty Basic Needs Benefit. D. Summary of your Basic Needs Benefit Policy Basic Needs Benefit in terms of the Basic Needs Benefit Policy What We will pay Core Basic Needs Benefit Month Core Basic Need Benefit – Voucher value* Month 1 R330 Month 2 R330 Month 3 R330 Month 4 R330 Month 5 R330 Month 6 R330 * The core Basic Needs Benefit of R330 will be paid simultane- ously by way of three Vouchers of R110 each.
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