'Wiser' BPOPF launches fresh P1bn investment drive

Friday, August 03, 2018

Molefe says lessons from the CMB saga have been learnt PIC: KENNEDY RAMOKONE

The Botswana Public Officers Pension Fund (BPOPF) on Wednesday launched a fresh P1 billion private equity drive, days after the Court of Appeal kickstarted a probe to trace P400 million in pensioners’ funds unaccounted for in a fierce dispute against a local asset management firm.

On Wednesday, BPOPF CEO, Boitumelo Molefe said lessons had been learnt and the process of appointing the two managers of the latest private equity drive had been rigorous, spanning nine months.

BPOPF and the asset manager it chose in 2014 for the plus-P400 million private equity investment, fell out last year amid allegations of mismanagement and lack of accountability.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Off to The Bahamas: The relay team at the Sir Seretse Khama Airport on Sunday PIC: BAA FACEBOOK

GU face Galaxy hurdle in title defence

Boitumelo Khutsafalo | 22 h ago

Tables turn on disciplined forces

Mqondisi Dube | 23 h ago

Softball constitution under scrutiny

Calistus Kolantsho | 23 h ago

Bodybuilders ready to flex muscles

Mqondisi Dube | 6 h ago

Ditlhokwe returns after long term injury

Larona Makhaiza | 18 h ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More