DPF eyes infrastructure as pension assets overhaul nears

Thinking big: January
Thinking big: January

The Debswana Pension Fund (DPF) plans to redirect more holdings into local infrastructure and property, as NBFIRA finalises changes that will increase the minimum value of assets pension funds can invest at home.

Known as the Pension Fund Rule 2 or PFR 2, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) statute at the moment requires pension funds to invest at least 30% of their assets locally.

Under changes to the Retirement Funds Act, local pension funds will be required to invest a minimum of 50% domestically, a figure that by last week meant the return of P15 billion in pensioners’ assets back home from offshore markets. At the last count, 33% of pension funds, which amounted to about P115 billion, were invested locally.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

Have a Story? Send Us a tip
arrow up