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.
Debswana Pensioners Debswana contributes a generous 20% of each employee's salary per month, ensuring value-add for members at the end of their working lives.
The Debswana Pension Fund (DPF) is a Defined Contribution fund with assets in excess of BWP 3,7 Billion or USD 500 million (approx.) and over 10, 000 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' dependants 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.
For further details on the Debswana Pension fund, please download copies of the Debswana Pension Fund Annual Reports, or visit the website at www.dpf.co.bw.