BPOPF invests 60% of assets offshore
Friday, October 18, 2013
The Acting CEO of BPOPF Lesedi Moakofhi has said that in terms of head count, BPOPF is the largest fund in Botswana with a membership base of 150,370 as at 31 March 2013, comprising 143,273 active and deferred pensioners and 7,097 pensioners.
"We take pride in the resilience and robustness of our investment strategy, which is premised on diversification both geographically and by asset class. This propelled the fund to great heights leading to double digit returns during the early years of the fund, with the exception of 2003 when the world economy witnessed the burst of the dot.com bubble and later in 2009 when the credit crunch resulted in the global financial crises," Moakofi said.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...