mmegi

Inside BPOPF’s plans as billions drift back home

Looking ahead: Malindah sees pension funds as game changers for the local economy PIC: BPOPF
Looking ahead: Malindah sees pension funds as game changers for the local economy PIC: BPOPF

All eyes are on how the country’s largest fund, the BPOPF which sits just shy of P100 billion in assets, will handle the statutory requirement for pension funds to increase their local investments to 50% by 2027. CEO Moemedi Malindah speaks to Staff Writer, MBONGENI MGUNI

Mmegi: The Non-Bank Financial Institutions Regulatory Authority has published the revised pension fund rules, which require that pension funds repatriate a certain percentage of their offshore holdings in the years to 2027. Into what areas does the BPOPF expect to invest these repatriated funds into locally?

Malindah: Our main focus or where we really want to place is on the infrastructure side and as these amounts come in, we are going to be playing there. Infrastructure is a very difficult asset class to penetrate because it takes a long time, it’s contract based and there are a whole lot of things that need to happen.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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