Batswana and the finance industry - Part 2

The financial sector manages the savings of the nation in the form of households, corporates and government. To this effect, major decision makers are those who manage the banks, pension funds, provident funds, insurance money and retirement annuities.

Digging deeper, the investment management industry typically has two types of investors or asset owners: institutional and retail investors. As indicated in the last column, Non Bank Financial Institutions Regulatory Authority has it that the total assets under management of retirement funds are in the region of P113 billion as at December 2018. That is a little over a tenth of a trillion, and that is significant.

The financial services industry is an essential element in the development of economies worldwide. As an intermediary between asset owners and those with ventures into which to invest, the sector has become an indispensable agent in the allocation of capital.

Editor's Comment
Who watches the watchdog?

For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...

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