NBC Holdings (Pty) Ltd ("NBC") is the first black-owned employee benefits company in South Africa. NBC pioneered the establishment of defined contribution funds, a trend that accelerated during the late 1980s and early 1990s. Trade unions gained more influence and companies took advantage of the commercial certainty offered by defined contribution funds. Today NBC is a leading force in the South African employee benefits arena. NBC provides a comprehensive range of employee benefit products and services to more than 123 registered pension and provident funds representing the retirement fund savings of more approximately 450 000 members.