Debswana Pension Fund breaches P6bn mark

The Debswana Pension Fund (DPF) registered growth on its investment portfolio as it breached the P6 billion mark for the period ending 30 June 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.

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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