Mmegi

Pension funds beat NBFIRA target

Leading the market: Botswana Public Officers Pension Fund CEO, Moemedi Malindah. The BPOPF is the country's largest pension fund
Leading the market: Botswana Public Officers Pension Fund CEO, Moemedi Malindah. The BPOPF is the country's largest pension fund

The country’s pension funds held 42.6% of their assets domestically as at November, or P64.4 billion, comfortably above NBFIRA's target of 41%, central bank data shows.

Bank of Botswana (BoB) figures show that by November, the pension funds held total assets of P151.3 billion.

Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of domestic assets to 50% in the years to December 2027. The target for December 2024 was 41% and will move to 44% by December 2025.

Editor's Comment
Govt must crack whip on Cross border crime

“Betrayal hurts, but knowingwho was betraying hurts even more.”- Garima SoniWhat the men of Ditlharapa, Molete and neighbouring villages uncovered is a cross-border enterprise. The modus operandi, as the suspect himself reportedly confessed, is industrial: groups operating in multiple villages, fences cut with impunity, stolen goats walked into South Africa, warehoused at Makhubung, then sold in batches of 200 to a commercial farmer in...

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