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Global turmoil shaves P300m from DPF

Gosego January
Gosego January

The value of Debswana Pension Fund’s (DFP) assets declined by about P349 million in the second quarter of the year, due to volatility in global markets where the funds are invested, BusinessWeek has learnt.

From about P9.6 billion at the end of the first quarter of the year, the country’s second-largest pension fund ended the second quarter with net total assets of P9.2 billion.

“Investor pessimism seeped into markets driving both equities and bonds to fall further, thereby providing investors with limited opportunities for growth in the quarter,” the pension fund said in a recent update to its members.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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