Pension funds beat NBFIRA target
Wednesday, February 05, 2025 | 1840 Views |
Leading the market: Botswana Public Officers Pension Fund CEO, Moemedi Malindah. The BPOPF is the country's largest pension fund
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.
“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...