Banks' wealth creation should not be at all cost
Friday, April 09, 2010
In this article, Prof Malema quotes Mr. Thuli Johnson, MD for Barclays Bank of Botswana as having said, "as you all know, we went aggressively on the lower end of the market in the past years in an attempt to get them financially included". One can ordinarily ask themselves as to what the statement means and when you read the statement blindly you will think that the drive is all for the good of "the low end" as Mr Johnson has put it while it is to the detriment of the aforesaid.
The article goes on to say that Barclays "brought down the floor of people who qualify to open an account to a minimum level salary of P800.00 per month" and additionally such people have been connected to the modern day financial flexibility of issuing them with credit cards.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...