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.
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.