Nambawan Super assets to hit K1bil

NAMBAWAN Super Ltd is expected to hit the K2 billion mark in total assets value by year-end.
Managing director Leon Buskens disclosed this while predicting yet another record year in profits and another attractive interest rate for its super fund members.
“It took the fund since its inception prior to independence some time to reach the first K1 billion mark in total assets, but it has taken less than five years to reach the second K1 billion through superannuation reforms.
Mr Buskens credited the performance to the reforms introduced under the Superannuation (General Provisions) Act 2000 and to the political and financial stability.
“All of these had significantly benefited from the current boom in raw commodities world prices our country was enjoying.
“Our country had not been in this growth cycle since independence, and our obvious collective challenge would be in managing and translating these gains for long-term sustainability, through investment in our human capital, in infrastructure, and the general welfare of our people.”
Mr Buskens said: “Our vision is to build retirement value and maintaining the highest level of benefits and quality of service for members with our mission to protect and maximise the superannuation benefit for members through prudent investment management.
“Our on-going investment objective is to achieve an average after tax return of at least above 2% above the headline inflation rate with negative real returns in no more than one year in five.
“Since the reforms in 2002, we have been crediting members with double digit real returns, which looked to continue to this year again.”