Pension funds rebound in H1
Thursday, September 21, 2023 | 320 Views |
Seeking returns: BPOPF CEO, Moemedi Malindah are focussed on boosting value for members PIC: MORERI SEJAKGOMO
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.
As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...