DPF’s assets soar to P10.5bn
Friday, October 06, 2023 | 1250 Views |
Bouncing back: DPF CEO, Gosego January, is overseeing a surge in asset value
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.
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...