Inside BPOPF’s plans as billions drift back home
Wednesday, December 13, 2023 | 1730 Views |
Looking ahead: Malindah sees pension funds as game changers for the local economy PIC: BPOPF
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.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...