'Wiser' BPOPF launches fresh P1bn investment drive

Friday, August 03, 2018

Molefe says lessons from the CMB saga have been learnt PIC: KENNEDY RAMOKONE

The Botswana Public Officers Pension Fund (BPOPF) on Wednesday launched a fresh P1 billion private equity drive, days after the Court of Appeal kickstarted a probe to trace P400 million in pensioners’ funds unaccounted for in a fierce dispute against a local asset management firm.

On Wednesday, BPOPF CEO, Boitumelo Molefe said lessons had been learnt and the process of appointing the two managers of the latest private equity drive had been rigorous, spanning nine months.

BPOPF and the asset manager it chose in 2014 for the plus-P400 million private equity investment, fell out last year amid allegations of mismanagement and lack of accountability.

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'Wiser' BPOPF launches fresh P1bn investment drive

The Botswana Public Officers Pension Fund (BPOPF) on Wednesday launched a fresh P1 billion private equity drive, days after the Court of Appeal kickstarted a probe to trace P400 million in pensioners’ funds unaccounted for in a fierce dispute against a local asset management firm.

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Inspect the voters' roll!