Mmegi

Pension funds tick up to P149bn

Rainy day: Pensioners' assets are once again on the rise PIC.KENNEDY RAMOKONE
Rainy day: Pensioners' assets are once again on the rise PIC.KENNEDY RAMOKONE

The value of the country’s pension fund assets rose to P148.7 billion in April, following a drop to P145.9 billion in March, preliminary figures from the Bank of Botswana indicate.

At their prior level in March, the pension fund assets were at their softest position in 11 months.

While the central bank is quantitative and does not report the reasons behind the movements in the values of pension fund assets, it is known that government directly accessed a P3 billion loan from the Botswana Public Officers Pension Fund (BPOPF) which was approved on March 13.

Editor's Comment
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

Have a Story? Send Us a tip
arrow up