Batswana and the finance industry - Part 2 :: Mmegi Online

The financial sector manages the savings of the nation in the form of households, corporates and government. To this effect, major decision makers are those who manage the banks, pension funds, provident funds, insurance money and retirement annuities.

Digging deeper, the investment management industry typically has two types of investors or asset owners: institutional and retail investors. As indicated in the last column, Non Bank Financial Institutions Regulatory Authority has it that the total assets under management of retirement funds are in the region of P113 billion as at December 2018. That is a little over a tenth of a trillion, and that is significant.

The financial services industry is an essential element in the development of economies worldwide. As an intermediary between asset owners and those with ventures into which to invest, the sector has become an indispensable agent in the allocation of capital.

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