Debswana Pension Fund breaches P6bn mark
Tuesday, October 27, 2015
DPF is the largest pension fund in the outside the public officers pension fund.
In a presentation at the 2014-year end review at the 2015 Pensioners Conference, it was revealed that total fund value as at December 31, 2014 was P5.7 billion, which was an increase from P4.97 billion from the same period in 2013.
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...