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BPOPF terminates Alexander Forbes contract

Botswana Public Officers Pension Fund (BPOPF) has terminated the contract of the current Fund Administrator, Alexander Forbes.  As an outsourced service provider, Alexander Forbes was responsible for keeping member records and administering pension benefits on behalf of the fund. It is unclear why only the service of Alexander Forbes was been terminated.

Other service providers that have been outsourced for the pension fund include banking Services who are responsible for providing banking services to the fund; and audit services which are responsible for carrying out audits on the books of accounts of the Fund. The fund has also solicited asset consulting responsible for giving advice to the Trustees on issues concerning investments as well as custodial services that provide safe custody of the Fund’s assets.

Other services include actuarial services that deal with calculating members’ transfer values and advising the Trustees on how to manage the returns achieved by the Fund and also investment services which assist with investing members’ funds in suitable asset classes all of which are still utilized.

Information reaching WeekendPost suggests that the decision to severe ties with Alexander Forbes was reached recently and communicated last week. Others say it was meant to ensure that the BPOPF internalize some of its core functions that were outsourced to service providers.

“The decision to internalize these functions was motivated by the need to reduce the turn-around time on service, costs on service delivery as well as deliver a rewarding customer experience,” reads part of a communication from Director of Public Service Management (DPSM) Ruth Maphorisa a copy of which has been passed to this publication.  

Consequently, the DPSM Director says there will be a data clean up exercise which will run from January to April 2015 to ensure proper management of member records which are held by the current fund administrator (Alexander Forbes) in which its services it was agreed by government to be terminated.

“To this end, the pension fund secretariat will visit ministries in this regard for information verification.” The clean-up campaign will be carried out all across government ministries and some departments like Botswana Defense Force (BDF), Botswana Police Service (BPS), National AIDS Coordinating Agency (NACA), Independent Electoral Commission (IEC), Ombudsman, Auditor General, Attorney General, National Assembly, Botswana Prisons Service, Accountant General, Tribal Administration and Administration of Justice, where information pertaining to members of BPOPF will be verified – for a smooth transition of services from Alexander Forbes to wholly BPOPF.

BPOPF was registered in 2001. The establishment of the Fund came as a result of Government decision to change the Public Officer’s Pension arrangement from a Defined Benefit Pension Scheme to a Defined Contribution Pension Scheme.

The Fund has experienced phenomenal growth since inception owing to the overwhelming positive response from the entire public service as public servants exercised their option to join the fund.

As is required by the Pensions and Provident Funds Act, the BPOPF has in place management structures that enable it to function effectively. A Board of Trustees is the supreme body that manages the Fund and is comprised of nine (9) Employer Trustees, nine (9) Employees Trustees, one (1) Pensioner Trustee and one (1) Independent Trustee appointed by the Board of Trustees. In total there are 21 Trustees including the Principal Officer.

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6th February 2023

After falling to close the gap on Arsenal by losing to a record breaking goal by Kane at the Tottenham stadium.Manchester City now find themselves being charged by the Premier League with more than 100 breaches of its financial rules following a four-year investigation.

According to BBC , it has referred the club to an independent commission over alleged rule breaches between 2009 and 2018 , and also that Man-city has not been co-operating since the investigation which started in 2018 .

BBC further states that The commission can impose punishment including a fine , points deduction and expelling the club from the Premier league.

The alleged breaches include ,  breaching rules for requiring full details of manager remuneration,from 2009-2010, to 2012-2013 seasons when Roberto Mancini was in charge . Also player remuneration between 2010-2011 and 2015-2016.

The Premier league stated that City breached rules related to UEFA regulations , including Financial Fair Play , from 2013-2014 to 2017-2018 ,as well as Premier League rules on profitability and sustainability from 2014-2016 to 2017-2018

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South Korean Embassy aids students living with disabilities

6th February 2023

South Korean Ambassador in South Africa has donated e-learning equipment through Botswana Red Cross Society (BRCS) to Tlamelong Rehabilitation Centre in Tlokweng recently, in a bid to fine tune the student’s textile skills.  

When talking at the handing over ceremony, Chull-Joo Park, said they agreed with BRCS to give out e-learning equipment to better the training skills of students living with disabilities.

“With the Information and Communication Technology (ICT) equipment and job training skills, we will be able to help the students living with disabilities to do e-learning and to better their education and job training,” said Chull-Joo Park.

It was revealed that the South Korean Embassy approached BRCS with the intent to donate equipment and educational material that includes an embroidery machine, photo copier machine, tablets and interactive boards to be utilized by the trainees.

The industrial printer is a machine that works with embroidery machine to print designs for clothing and it will enable the learners to have more material available to them to facilitate learning.

Through this embroidery machine, students will be exposed to better technologies which ultimately improve the quality of materials they produce. It will also allow students to learn business skills and run profitable ventures.

Smart board gadgets will provide the students with an elevated learning process to be fostered by e-learning. The gadgets provide a more visual element to the learning process, which in turn improves learner mental retention.

Tlamelong Rehabilitation serves the marginalized and underserved less privileged persons living with disability in Botswana. The center offers boarding services, vocational training, social services, physiotherapy and rehabilitation services for young people living disabilities aged 18-35 from across the country over a period of two (2) years per cohort which has a maximum intake capacity of 35. BRCS through International Federation of the Red Cross and Red Crescent Societies (IFRC) have managed to create great working synergy with the South Korean Embassy in Pretoria based in South Africa to support or augment the National Society’s Rehabilitation Centre’s learning challenges.

For his part, BRSC Secretary General Kutlwano Mokokomani said they are delighted to convey their gratitude as BRSC to the South Korean Embassy for donation and they look forward to an enduring partnership for such worthy causes.

“South Korean Embassy’s great gesture will enable trainees to thrive, to fulfil their dreams to become a reality as this equipments will go a long way in creating great impact in the lives of trainees and their families. We wish to convey our sincere gratitude to the South Korean Embassy for their noble gesture of donating the E-learning equipments.”

BRCS offers rehabilitation services spread across three (3) areas in Botswana being Sefhare Stimulation center in Sefhare, Tshimologo stimulation center in Francistown and Tlamelong rehabilitation center in Tlokweng.

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DIS alleges plot to kill Masisi hatched in South Africa

6th February 2023

A dispute is brewing between Botswana and South Africa intelligence agencies over alleged mercenary training camps discovered in South Africa by the Directorate of Intelligence and Security (DIS). 

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