Pension funds rebound in H1

Seeking returns: BPOPF CEO, Moemedi Malindah are focussed on boosting value for members PIC: MORERI SEJAKGOMO
Seeking returns: BPOPF CEO, Moemedi Malindah are focussed on boosting value for members PIC: MORERI SEJAKGOMO

The value of assets collectively held by the country’s pension funds rebounded from losses in 2022, to reach P130.5 billion by June of this year, more than P12.5 billion above the level in December 2022.

Pension funds, which are predominantly invested offshore, endured a trying 2022 with much of the losses associated with downtrends in global giants such as Meta, Apple, Amazon, Netflix, and Google, the global tech giants.

The situation was mirrored at the Bank of Botswana where the pula value of the foreign reserves took a beating on the global bond market, where returns sank to three times worse than their all-time low.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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