DPF in P170 million property buying splurge

Friday, April 01, 2016

Molapo Crossing Mall.PIC: KENNEDY RAMOKONE

The Debswana Pension Fund (DPF) has set aside P170 million to buy properties in Gaborone and Jwaneng as the country’s second largest pension fund seeks to shore up domestic investments.

As part of a new investment strategy, which allows the pension fund to invest upto P800 million in properties, the DPF is on the lookout for quality domestic investments.

“In late 2015, the DPF Board approved the acquisition of approximately P170 million worth of domestic property investments. However, the DPF is unable to discuss the details of these property transactions as they are currently awaiting approval by the Competition Authority (CA).

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