Investments power MVA Fund income
Tuesday, May 06, 2014
The fund recorded a surplus of P142.9 million and a total comprehensive income of P423.2 million in the year ended December 31, 2013. This was an increase from the previous year, in which the Fund recorded P130 million surplus and total comprehensive income of P258.4 million.
MVA Fund chief executive officer, Cross Kgosidiile said the increase in income was largely driven by the rise in net fair value on available-for-sale and offshore investments.
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...