BPOPF shakes up capital markets
Friday, December 09, 2016
In a pioneering and valiant bid to see more Batswana owning more shares in fund management businesses as well as more citizen managers in such firms, the BPOPF will from next year only hand new mandates to managers that have a 25% citizen shareholding, 50% local representation on the board and 70% citizen participation in executive management.
In addition, the BPOPF will also fund start-up asset management companies owned by Batswana to the tune of P500 million as seed capital in a bid to see more citizens venture into the lucrative investment management business.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...