Pension funds near PFR 2 target

Under the updated Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Pension Fund Rules, local pension funds are required to gradually increase the proportion of assets they hold domestically to 50% in the years to December 2027.

According to the timetable, by December 2024, pension funds should have moved 41% of their assets onshore, a figure which equals P61.3 billion when using the September value of total pension funds assets. According to the central bank figures, as at September, the domestic assets largely comprised listed equities on the Botswana Stock Exchange at P20.9 billion and government bonds of P15.4 billion. The balance of domestic assets were invested in cash or near cash, property and equities either unlisted or dual listed.