BPOPF caught in double standards?

Bakang Seretse. PIC. MORERI SEJAKGOMO
Bakang Seretse. PIC. MORERI SEJAKGOMO

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
Khama, Serogola should find each other

Khama’s announcement to take over as Kgosikgolo was met with jubilation by some, but it also exposed deep-seated divisions. The Bogosi Act, which clearly states that a Mothusa Kgosi cannot be removed without the minister’s involvement, serves as a crucial legal safeguard. This law is designed to prevent arbitrary decisions and ensure stability within traditional leadership structures.The tension between Khama and Serogola has been simmering...

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