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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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