02 Aug 2018

Botswana Public Officers Pension Fund (BPOPF)  chief executive officer, Ms Boitumelo Molefe says her organisation will spread out P1 billion in private equity.

Speaking at a media briefing on August 1, Ms Molefe said the equity represents a good opportunity for small and medium enterprises looking to expand.

She said BPOPF has appointed two incubation managers to manage the investment which would allow small and medium enterprises to invest a minimum of P15 million.

Ms Molefe stated that plans were underway to sign partnership agreements, and that the investment committee was working on the investment policy statement which would look at new markets such as China and some African entities for the first time.

“BPOPF has in place management structures that enable it to function effectively which include a board of trustees, the supreme body that manages the fund comprising  of employer trustees, employees trustees, a pensioner trustee, an independent trustee and the principal officer,” she said.

She highlighted that the same principles that governed the operations amongst them transparency and integrity would continue to be at the heart of who BPOPF was as an organisation.

Ms Molefe also said BPOPF’s new brand identity represents a new era for the fund and was aligned to its aim of driving member value. She added that the implementation of their strategy was to ensure that the fund administration mandates precipitates the need to restructure the organisation.

She said as they moved into a new and exciting phase in the life of the fund, they thought it fitting to create an identity that spoke to the strategic direction that BPOPF was moving into; a symbol that would be as enduring as the fund has been. ENDS