BPOPFBotswana Public Officers Pension Fund
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* Government employees who are not covered under the BPOPF are covered under the unfunded pension plan, which is financed from government revenues.
This was said by BPOPF chief executive officer, Ms Boitumelo Molefe on May 25 in Francistown at a meeting to interact with and update members on the progress of the fund.
'You must therefore hold us and the board of trustees accountable, ask questions and seek answers every time you see us on the news for the wrong reasons,' said the BPOPF head.
Minister Molefhi highlighted that BPOPF lost potential sum of P450 million from the private equity investment in Botswana Opportunity Partnership (BOP), a private fund that was operated by Capital Management Botswana (CMB).
He added that BPOPF also sought to recover any losses from CMB with respect to the remaining asset being Bona Life, Kawena, Agile University and Makuba Airlines.
He was responding to another question from Kgosi Modise, who had asked if he was aware that the Department of Tribal Administration staff, especially dikgosi, had no representative in the BPOPF board.
The purpose of this media briefing is to confirm that indeed BPOPF has a pending matter before the courts in regards to its business relations with CMB.