BPOPF caught in double standards?


When flamboyant asset manager Bakang Seretse was arrested in connection with contract by government contract to procure military equipment, the then chairperson of Botswana Public Officers Pension Fund (BPOF), Carter Morupisi immediately instructed BPOPF to terminate Kgori Capital’s management contract.

Fast-forward two years, Investec Asset Management Botswana which manages billions on behalf of BPOPF is in a similar situation but thanks to its foreign ownership it is being subjected to different rules. James Hatuikulipi, Managing Director of Investec Asset Management Africa has resigned amid a fishing scandal in Namibia. Hatukulipi to whom the local Botswana Managing Director Martinus Seboni reports to was a board member of Investec Asset Management Botswana.

Hatuikulipi was arrested late November 2019

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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