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DPF’s assets soar to P10.5bn

Friday, October 06, 2023 | 1240 Views |

Bouncing back: DPF CEO, Gosego January, is overseeing a surge in asset value

Debswana Pension Fund's (DPF) assets soared to P10.5 billion at the end of the second quarter, from P10.2 billion in the first quarter, helped along by a strong performance in African and global equities.

The DPF is the country’s second-largest pension fund after the Botswana Public Officers Pension Fund, and the largest covering the private sector.

The DPF’s positive performance was driven by stronger economic growth, positive earnings outlook, declining inflation and the weakening dollar, officials said in a commentary released recently.

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DPF’s assets soar to P10.5bn

Debswana Pension Fund's (DPF) assets soared to P10.5 billion at the end of the second quarter, from P10.2 billion in the first quarter, helped along by a strong performance in African and global equities.