Alexander Forbes loses lucrative BPOPF deal

Boitumelo Molefe.PIC.KENNEDY RAMOKONE
Boitumelo Molefe.PIC.KENNEDY RAMOKONE

The Botswana Public Officers Pension Fund (BPOPF) has moved to insource the management of records and benefits payments for its 153,000 members, in a move that will save the pension fund upto 70 percent of the cost of outsourcing the services.

The services, which include collection of members’ contributions and administration of benefits, are currently outsourced to Alexander Forbes Financials Services.

Speaking to Mmegi Business on the sidelines of the launch of the fund’s whistle blowing facility in Gaborone yesterday, BPOPF’s new CEO, Boitumelo Molefe said the decision to insource administration of members’ files and pensioners’ benefits was based on the realisation that the fund, as a secretariat, should be handling its members’ accounts.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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