Connect with us

Hi, what are you looking for?

BPOPF CEO: Malindah


BPOPF registers ‘phenomenal’ growth

The country’s largest pension fund has got decidedly bigger and richer in the last year.

Addressing local media this week, Botswana Public Officers Pension Fund (BPOPF) Board Chairman, Solomon Mantswe described the organisation’s recent growth as phenomenal.

Beaming with pride, Mantswe revealed BPOPF has declared interest rates on its member portfolio of 23.2 percent on active member and deferred pensioner portfolio.

“This is indeed a strong performance compared to the -1 percent that we declared in the prior year. We have had a phenomenal growth in the bonus declaration interest,” he declared.

Considering the cyclic nature of the investment world, Mantswe stressed BPOPF is moving at full-speed to deliver desired investment returns for members.

Advertisement. Scroll to continue reading.


“The market remains volatile with less predictability, but we are in a much better position than when the pandemic started,” said the board chair, adding the Fund remains fully diversified.

Mantswe also expressed excitement that the Fund has been managed at the lowest possible cost, explaining that for every P100 under management, BPOPF used P0.72 to deliver the services.

“The remaining P99.28 was used to create value for a member for their retirement. Our target as the board is to ensure that total expenses as a function of assets under management do not exceed P1.25 for every P100 invested by the shareholder,” explained Mantswe.

Meanwhile, BPOPF Chief Executive Officer (CEO), Moemedi Malindah stated that the Fund’s total portfolio has registered a 24.4 percent growth in the prior year, from P61.2 billion to P83.5 billion.

Painting a picture of how the Fund has been performing, Malindah said from 2011 to 2016, the annualized return was 4.66 percent, over performing benchmark of 3.87 percent.

“However, take 2011 to 2020 the annualized return was 2.88 percent versus benchmark of 3.31 percent, this was a painful experience for our members.”

Malindah said now the tables have changed and the annualized return for 2019/2020 is 3.26 percent against the benchmark of 3.25 percent.

Advertisement. Scroll to continue reading.

“We are happy with this but not comfortable because we really need to do more so that members can have a wonderful experience in terms of investment returns.”

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Business Botswana (BB) held the 5th Prosperity Africa Small Business Exporters Conference in Gaborone last week. The three-day conference, which attracted over 70 international...


Friday saw the start of a powerful new partnership as Botswana Power Corporation (BPC) and Francistown College of  Technical and Vocational Education (FCTVE) joined...


As part of their efforts to promote the country as a tourism hub, Cresta Marakanelo Limited (CML) sang Botswana’s praises at the Africa Travel...


Health Generation adds zest to the HATAB Conference Botswana’s best juicers, Health Generation had plenty of admirers at the just ended Hospitality and Tourism...


Coal mine set sights on Europe Morupule Coal Mine (MCM) are in hot pursuit of an exciting new partnership, with the coal producers in...


There is a famous Chinese proverb that states life begins the day you start a garden. This certainly rings true for 41-year-old Unaswi Tafila,...


Fallout from Ukraine invasion worries Minerals Minister Calling for divine intervention, Minister of Minerals and Energy, Lefoko Moagi has warned that the on-going Russia/Ukraine...


Distribution company open Gabs office East Africa’s leading ICT distribution company, Red Dot has honed in on Botswana, officially opening an office in Gaborone’s...