BPOPF set to terminate P3.9bn Kgori Capital contract

Friday, December 15, 2017

The Botswana Public Officers Pension Fund (BPOPF) is set to terminate a P3.9 billion contract with Kgori Capital following the charging of the asset management company’s former managing director, Bakang Seretse with money laundering.

Kgori was thrown into the spotlight last week when Seretse appeared before the courts on money laundering charges before he was later released on bail. Seretse resigned from the company on Monday.

The Investment and Risk committees of the P60 billion Funds yesterday met to deliberate on the Kgori matter and recommended that the contract, which comprises management of listed equities, fixed income and cash, be terminated.

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BPOPF set to terminate P3.9bn Kgori Capital contract

The Botswana Public Officers Pension Fund (BPOPF) is set to terminate a P3.9 billion contract with Kgori Capital following the charging of the asset management company’s former managing director, Bakang Seretse with money laundering.

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