SPEDU chief encourages financial prudence
Wednesday, August 20, 2014
Speaking during the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) open day held here last Friday, Kedisitse said many Batswana have lost millions of Pula after investing in unlicenced financial institutions. He pointed out that it’s usually pensioners’ who fall victim to these fraudulent schemes, adding that it’s difficult to assist them because the financial institutions are untraceable since most of them don’t have offices in Botswana.
“I urge you to always confirm the licencing status of any financial institution with NBFIRA, before conducting business with such entities,” he said. Kedisitse further said Selebi-Phikwe would undoubtedly grow as more businesses are setting up as a result of SPEDU and BCL economic strategies, which will increase the probability of non-banking financial institutions mushrooming in the mining town.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...