DPF assets firm despite emerging headwinds
Friday, July 07, 2023 | 460 Views |
Pushing on: DFP CEO, Gosego January
The DPF is a defined contribution pension fund established in 1984 as a trust through a joint initiative between Debswana, Anglo American Corporation Botswana, and De Beers Prospecting Botswana with key investments in property, equity, bonds and alternatives.
In an update to members recently, DPF officials said the first quarter kicked off with positive market performance due to several factors, which helped the pension fund’s returns.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...