Metals, engineering sector pension boards undertaking due diligence for worker housing

Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) says the agreement to provide access to housing for industry workers has been referred to the Metal Industries Provident Fund and Engineering Industries Pension Fund (MIPF/ EIPF) Investment Committee, which is testing the veracity of the undertaking from a legal due diligence point of view before any investment case will be considered. This follows collective bargaining negotiations over many years under the auspices of the Metal and Engineering Industries Bargaining Council.