BPOPF eyes local property as pension overhaul nears

Seeking returns: Malindah and the BPOPF’s asset managers are looking for opportunities to invest the additional funds due to return home when the new pension fund rules kick in PIC: MORERI SEJAKGOMO
Seeking returns: Malindah and the BPOPF’s asset managers are looking for opportunities to invest the additional funds due to return home when the new pension fund rules kick in PIC: MORERI SEJAKGOMO

The Botswana Public Officers Pension Fund (BPOPF) plans to increase its domestic allocation on local equities with an eye on the property market.

The country’s largest pension fund is also the biggest investor in local listed equities, with a P13 billion portfolio as at March 2023. Officials this week said this exposure was expected to increase as changes in pension fund legislation will require an increase in domestic allocations.

Under changes to the Retirement Funds Act, local pension funds will soon be required to invest a minimum of 50% domestically, from the current 30%, although the changes will be done in a phased manner over several years.


Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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