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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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