How we work

HISTORY AND PURPOSE FOR EXISTENCE

 

SACAFMA was formed back in 1986 when they were called the Mine Secretaries & Administrative Managers of the Chamber of Mines. Affiliated Coal Mining Houses got together to debate, discuss and resolve common matters of the day. Since then the Association has grown with the changing times and now include members from all the sub financial disciplines including Supply Chain, Commercial and Payroll.

 

WHAT DO WE STAND FOR?

 

We are directed by the South African Colliery Managers Association (SACMA) and assist them in fulfilling their objectives by aligning ours with theirs. Through talks and Technical visits, we disseminate relevant information from and to the other associations, we lobby with the Minerals Council of South Africa & other institutions when required and create a platform for open discussion on various financial topics, within our industry as well as on international and domestic economic trends and accounting legislation. We strive to create meaningful networking opportunities amongst our members by exposing them to changes in the industry through talks and presentations by professionals on topical issues of the day.

 

At our meetings we follow a set agenda and discuss the complete value chain of the coal industry, ranging from safety, malpractice & fraud, economics & taxation, through to feedback on the performance of relevant Pension Funds & Medical Aids.

 

During all our discussions we are guided by our adherence to the Competition Law/Anti-trust principles and will not divulge or discuss any information that could be damaging to our companies. In this regard we are very strict, and members have the right to object at any time if it is felt we have transgressed.

 

 

TECHNICAL SUPPORT TEAMS

 

These are members of council who have been dedicated to keep the association updated on issues like:

 

  •        Accounting practices – Changes to legislation, interpretation and application thereof.
  •        Economics & Taxation – due to our link with the Minerals Council of South Africa we are constantly updated by their economist & other lobby groups, not only on current issues affecting the industry (clarification & application) but also what is planned in the future by Governmental Policy & International trends.
  •        Malpractice and Fraud – Updates on current status (we have links to Audit Firms, etc.) and tips on prevention.
  •        Retirement Funds & Medical Aid performance – Because Council Members are on various Boards of Sentinel and WCMAS, we can provide thorough feedback on not only Sentinel and WCMAS but also other funds our members subscribe to.
  •        Procurement/Commodities Management – We deal with mostly the same suppliers and experience the same problems; therefore, we can share experiences and best practices.
  •        HR & Payroll Legislation changes, wage negotiations updates & other IR issues are provided from feedback as SACAFMA links into the South African Collieries Human Resources Association (SACHRA)
  •        Social Media A new exciting portfolio – Watch this space.

 

NETWORKING

 

Through the Mines Professional Associations’ Secretariat, we have affiliation with the following associations:

 

 

© 2012 SACAFMA
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