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
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

Have a Story? Send Us a tip
arrow up