• Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Thursday, October 9, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Pension Funds industry grows

patriot by patriot
February 8, 2021
in News
0

Minister of Finance and Economic Development Dr Thapelo Matsheka says pension funds industry has shown some growth for the year ending December 2019. Answering a question from Member of Parliament for Selibe Phikwe West Dithapelo Keorapetse in Parliament, Dr Matsheka said the latest audited figures show that total assets of Pension Funds represent approximately 47% of the GDP.

“In 2018, the ratio was 42 percent, which confirms the growth of the Pension Funds industry,” he said.

RelatedPosts

FMD surges in SA

Botswana Council of Churches calls for peace

Botswana defends slaughtering elephants

On the number of the stand-alone Funds in Botswana, Matsheka said that they are 75 and six umbrella Funds with 320 sub-Funds. “The income of the Funds in 2019 amounted to P11.8 billion, of which P7 billion was investment income and P4.6 billion was both employer and employee contributions. The total expenditure for the Funds for the corresponding period was P3.7 billion, of which P3 billion was benefit payments,” he informed parliament.

On the assets of the Pension Funds, Matsheka said that they were P93 billion and made up of P57 billion for offshore investments which translates into 61% while P36 billion for domestic investments making 39%.

On the listed equities and bonds, he revealed that they make up 61% and 17% of the investments of the funds respectively.

“In the past 10 years, Pension Funds experienced a growth of 171 percent, which is nearly a doubling in size. Such growth was achieved through contribution inflows and investment returns,” said Matsheka.

There has been some concerns that Pension Funds are investing little locally thus not helping to boost the economy and Keorapetse wanted to know what is been done to encourage them to invest locally.

In response Matsheka said Pensions Funds are currently mandated to invest a minimum of 30% locally but indicated that of late they have been investing an average of 40% of their assets locally. “This confirms that Pension Funds are free to invest more locally. Therefore, Mr. Speaker, such allocation has so far not deprived the domestic economy of the resources required for local investment. However, my Ministry is currently doing some work, with the view to reviewing the 30/70 guideline in line with the prevailing and prospective economic and financial conditions in the country,” he said.

Regarding returns, Matsheka revealed that in the last six years Pension Funds have earned decent returns averaging 7% annually adding that the offshore investments contributed the largest portion of the returns recorded by Pension Funds.

One of the thorny issues facing Pension Funds has been on governance and Matsheka admitted that they require improvement in terms of timely submission of reports to the regulator and up-to-date members’ records to enable efficient and timely distribution of benefits and member statements.

“In this regard, NBFIRA’s latest Directive on minimum standards for Trustees is an effort to enhance governance and management of Pension Funds,” he said.

The Selibe Phikwe West MP also wanted to know the preliminary observation of 2020 in terms of the effect of the Covid-19 associated economic problems.

In answering, Matsheka said that during the period February to April 2020 markets experienced extreme pressure but ray of hope was exhibited by the Covid-19 vaccine trials, markets have started to rebound.

He said that it is expected that Pension Funds will not be materially affected.

Tags: pension fund
Previous Post

End sexual harassment and gender discrimination in the workplace

Next Post

Fighting corruption still a priority –Masisi

Related Posts

FMD surges in SA
News

FMD surges in SA

October 6, 2025
Botswana Council of Churches calls for peace
News

Botswana Council of Churches calls for peace

October 6, 2025
Botswana defends slaughtering elephants
News

Botswana defends slaughtering elephants

October 6, 2025
Boko gave voices to some, but…
News

Boko gave voices to some, but…

October 6, 2025
Boko CRACKS
News

Boko CRACKS

October 6, 2025
UDC chaos open Up Kgalagadi South
News

UDC chaos open Up Kgalagadi South

October 2, 2025
Next Post
Fighting corruption still a priority –Masisi

Fighting corruption still a priority –Masisi

Please login to join discussion
  • Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?