Pension funds shed P3.7bn in tough 2018

Friday, April 05, 2019

The country's pensioners saw their nest eggs shrink this year

The country’s pension funds emerged bruised from a difficult 2018, with their collective assets declining by P3.7 billion, mainly due to the weak performance of offshore asset classes.

Bank of Botswana (BoB) figures released this week indicate that the country’s pension funds ended the year with assets worth P78.97 billion, down from P82.69 billion as at January 2018.

The pension fund arena is dominated by the Botswana Public Officers Pension Fund, which had assets of about P60 billion by late last year, and the Debswana Pension Fund (DPF) that ended the year with assets of P7.14 billion.

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Pension funds shed P3.7bn in tough 2018

The country’s pension funds emerged bruised from a difficult 2018, with their collective assets declining by P3.7 billion, mainly due to the weak performance of offshore asset classes.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

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Serowe woman ingests acid, attempts suicide

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Inspect the voters' roll!