Mmegi

BPOPF to cut out opportunistic ‘middlemen’

Tightening up: Malindah
Tightening up: Malindah

The Botswana Public Officers Pension Fund (BPOPF) seeks to shut the door on deal makers who broker investments by matchmaking pension funds with investable projects to earn a commission.

The decision shows that the country’s largest pension fund wants to remain unshaken even as it hunts for opportunities to invest the billions of pula in funds being returned home as part of changes in the law.

Under changes to the Retirement Funds Act, the BPOPF has to return no less than half of the P100 billion it holds in assets, back home by December 2027, but CEO Moemedi Malindah, said the pension fund would not entertain intermediaries.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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