- Retirement Bill to inject P13bn into the economy
- Fears over impact on bonds
- It might cause certain bubbles
- There is adequate liquidity in Botswana
- BPOPF says this may not be as disruptive as many have think
A panel discussion at a recent breakfast seminar hosted by Botswana Insurance Fund Management (Bifm) in Gaborone directed attention to the Retirement Fund (Amendment) Bill, notably a clause that seeks to increase the limit of funds that can be invested locally by pension funds from the current minimum of 30 percent to a minimum of 50 percent.
According to the Minister of Finance and Economic Development, Peggy Serame, this is a pivot that seeks to make more capital available for development purposes in Botswana and thus help boost the country’s economy and create much-needed sustainable jobs.
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