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DPF assets firm despite emerging headwinds

Pushing on: DFP CEO, Gosego January
Pushing on: DFP CEO, Gosego January

The country’s second-largest pension fund, the Debswana Pension Fund (DPF), has registered growth in its assets in the first quarter of the year to P10.2 billion, from P9.6 billion in the fourth quarter of last year, despite market turbulence experienced over the latter part of the period.

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.


Editor's Comment
Get back what was stolen, and lock the door

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...

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