Fleming probes BPOPF contract termination

The BPOPF shook the markets last Friday when it issued a statement announcing an immediate termination of all contracts it had with Fleming Asset management. Fleming managed equities, bonds and properties on behalf of BPOPF.

 Although speculation is rife that the termination was based on the financial impropriety allegations that were made against a top Fleming Asset Management Botswana official, the company’s board chairman, Charles Tibone has said there could be confusion around what transpired hence they have instituted an investigation.