BPOPF�s delicate balancing act

Boitumelo Molefe PIC.KENNEDY RAMOKONE
Boitumelo Molefe PIC.KENNEDY RAMOKONE

Staff Writer BRIAN BENZA, doorstepped the newly appointed BPOPF CEO, Boitumelo Molefe at the recent launch of the fund’s whistle blowing facility and picked the principal officer’s views on an array of market issues including the craft of balancing offshore investments with domestic requirements

Sitting on an asset base worth as much as P51 billion ($5 billion), the Botswana Public Officers Pension Fund (BPOPF) is one of the largest pension funds in sub-Saharan Africa.  About 35 percent of these funds are invested in Botswana.

Although BPOPF is above the regulatory 30 percent onshore investments threshold, market sentiment, which came to the fore during the recent liquidity shortages in the banking system, is that more pension funds should be brought back home to spur the domestic economy rather than promote the growth of foreign economies.

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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