BOSETU funeral scheme invests P1.8m in property

Tuesday, November 17, 2015

PALAPYE: The Botswana Sector of Educators Trade Union (BOSETU) Funeral Scheme (BOFUS) has invested P1.8 million in property as a way of diversifying investments to reduce overreliance on subscriptions.

Speaking at the BOFUS Annual General Meeting held at Majestic Hotel on Saturday, treasurer Samuel Aboneng revealed that the funeral wing has secured a lucrative investment in a prime location in Palapye. This property is currently attracting monthly rentals of around P22,000 per month, the treasurer revealed.

“However, it is what the scheme can do with the property in the long-term which is of essence.

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