About the Debswana Pension Fund Secretariat
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.
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.
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.
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
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.