Mmegi

The market’s view of the BETP

Charting the path: Gaolathe and his lieutenants are marshalling the economy towards the True North
Charting the path: Gaolathe and his lieutenants are marshalling the economy towards the True North

Pension fund assets are on track to top P180bn this year. Thus far, little appears to have been committed to the BETP, government’s 10-year flagship economic transformation programme. Asset managers and fiscal authorities are weighing returns, risk and national development. MBONGENI MGUNI writes

Vice President, Ndaba Gaolathe, stresses that prudential guardrails will not be lowered.

As Finance Minister, he has a bird’s eye view of the billions of pula in capital held by sectors such as the pension funds and insurers. He also has an eye on the True North, a policy direction underpinned by the Botswana Economic Transformation Programme (BETP).

Editor's Comment
Exercise extra caution!

Unfortunately, petty thieves tend to be more vicious around this time as they also prepare for the festive season. Culturally, many Batswana go home for the holiday, and petty thieves are amongst those who go home. Burglaries, car break-ins, and attacks on unsuspecting pedestrians seem to be on the rise!That is not all, as scammers continue to take money from pensioners as well as other Batswana who may fall prey to their unscrupulous tactics....

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