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.

The central bank’s losses were however unrealised as it largely held onto its investments. Local pension funds, however, have turned the tide with their collective assets reaching P124.4 billion by March, then ending out the first six months of the year at P130.5 billion.


Global markets have largely held steady this year, while returns on local government bonds have continued a general upswing. The Botswana Stock Exchange, the primary vehicle for pension funds’ local investments, has enjoyed a strong year with growth of 4.2 percent in the first six months, compared to 2.5 percent over the same period last year.

The local bourse has accelerated since then and by Tuesday, was up nearly 12% since the beginning of the year.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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