Botswana to probe Alex Forbes client

Geoffrey Nzau, the chief executive of Alex Forbes' Afrinet, said yesterday that its client, the Botswana Public Officers Pension Fund, the biggest pension fund in that country, was under investigation for issues related to the competency of the trustees of the fund. Afrinet is a unit of Alex Forbes that focuses on the company's subsidiaries outside of South Africa.

"This investigation is also centred on service providers of which Alexander Forbes is one. The investigation will soon include bulking," Nzau said.