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About the Debswana Pension Fund Secretariat

The Debswana Pension Fund (DPF) is a defined contribution pension fund established in 1984 as a trust through a joint initiative between, De Beers Botswana Mining Company (now Debswana), Anglo American Corporation Botswana (Pty) Ltd and De Beers Prospecting Botswana (Pty) Ltd. The primary purpose of the Debswana Pension Fund is to meet future benefit obligations to members as defined by the rules of the Fund, earn positive investment returns on member funds and remain financially sound at all times.

The Debswana Pension Fund (DPF) is a Defined Contribution fund with assets in excess of BWP 5 Billion or USD 600 million (approx.) and over 11,500 participating members including pensioners, active and deferred members. The Fund is the second largest in the country with key investments in property, equity, bonds and short-term deposits.

The DPF, which is one of the largest institutional investors in Botswana, seeks “to provide members with a pension after retirement, and to offer financial support to members' dependents upon the members' death”. This is the objective of the Fund.

The Fund is widely viewed as a leader in the pension fund industry in Botswana since it has adopted best practices in member communications, governance, monitoring of outsourced functions and leadership. The DPF has received international awards in recognition of effective and efficient member communication strategies.

Contributing employers include Debswana Pension Fund, Debswana Diamond Company (Pty) Ltd, Diamond Trading Company Botswana (Pty) Ltd, De Beers Botswana Holding Company (Pty) Ltd, Anglo Coal Botswana, De Beers Diamond Trading Company (Pty) Ltd, and Morupule Coal Mine (Pty) Ltd and De Beers Global Sightholder Sales Botswana.

The Retirement Funds Act (2014), the Income Tax Act (1995), the Rules of the Fund and the Non-Bank Financial Institutions Regulatory Authority Act 2006, govern the Fund.

A Board of Trustees, constituted by 9 principles Trustees and 8 alternates is ultimately accountable for member investments and overall Fund sustainability. A Principlal Executive Officer heads the full time Secretariat, which manages the affairs of the DPF.​​

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