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DPF poised to breach P10 billion

patriot by patriot
December 9, 2021
in Business
237 15
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DPF poised to breach P10 billion

Gosego January, Debswana Pension Fund CEO

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Boosts of 12 465 members

 Fund hails its well diversified investment strategy

Fund remains cautious of external shocks 

Debswana Pension Fund – the country’s leading private defined contribution pension fund set up in October 1984 as a joint initiative of the Debswana Group of Companies – has grown exponentially.

In a statement, Gosego January, Debswana Pension Fund CEO, noted that over the past years, they have seen the Fund’s Assets Under Management (AUM) grow exponentially and securing members’ futures through sustainable superior returns amidst the challenging environment and uncertainties brought about recently by the Covid-19 Pandemic.

DPF is currently at P9.79 Billion with 12465 Members (5959 active members, 2009 deferred members and 4477 Pensioners) and is poised to reach the P10 Billion mark as its various investments continue to grow.

This growth can be attributed to the Fund’s robust and well diversified Investment Strategy that has been able to weather through periods of economic uncertainties.

“In addition to delivering year-on-year growth for our members, as a Fund we are putting even greater focus on our member needs as we strive to being member centric and improve on our solution offering which includes, revamping our annuity products and introducing new options to meet the diverse needs of our members and their beneficiaries,” said January.   

This has been accomplished through the product extension that includes amongst others, Mmila Preservation Fund and Mmila Beneficiary Fund being offered by Mmila Fund Administrators.

DPF Investment Manager, Thato Norman, highlighted that the Fund’s aggregate growth is underpinned by a well-diversified portfolio, which seeks to invest across different asset classes with low levels of correlation. Against this background, the unprecedented monetary and fiscal policy stimulus driven by governments and central banks across the globe provided a much needed tailwind to asset prices, in particular global equities which have reached new historic highs.

Norman stated that DPF remains cautiously optimistic and mindful of external shocks to the global and domestic economy. Furthermore, he highlighted that the Fund has a resilient investment strategy that continues to withstand different economic and market cycles. In particular, he noted that Botswana would benefit from the broadening global economic recovery and improving commodity markets which play a significant role in the country’s economy.

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  • VACANCY: WILDERNESSMay 22, 2023
     HUMAN RESOURCE OFFICER Closing Date: 4th June 2023
  • VACANCY: Choppies Distribution Centre (Pty) Ltd May 22, 2023
     MECHANICAL- TECHNICAL MANAGER Closing Date:  5th June 2023 
  • UDC Constitution provides for an elective congressMay 22, 2023
    Adam Phetlhe The elephant in the room of the Umbrella for Democratic Change (UDC) has for the longest time been its reactive as opposed to the proactive attitude towards the criticism of the unwillingness to hold an elective congress […]
  • StanChart’s share price jump 32.4%May 19, 2023
    For period January to April BAKANG TIRO editors@thepatriot.co.bw   Botswana Stock Exchange (BSE) market performance report for period 1 January to April 30 2023 indicates that local companies performed better than foreign ones in contribution to equity turnover. The […]
  • Diamond dealMay 19, 2023
    Botswana poised for global dominance BAKANG TIRO editors@thepatriot.co.bw Al Cook, Chief Executive Officer (CEO) of the world’s largest producer of diamond by value – De Beers – has said the company aims to transform Botswana into a diamonds retail […]
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