High Court revokes suspension of Phoenix Botswana
Friday, July 21, 2017
In an order granted last Friday, Justice Leatile Dambe set aside NBFIRA’s July 06 decision to freeze Phoenix’s business, allowing the general insurance company to continue writing new business, but only on condition that all transactions are approved by the regulator.
‘It is ordered that the operation of notice of temporary closure is hereby suspended until 5th of September, 2017 on condition that Phoenix shall notify the regulator when new business is made. All transactions out of the business accounts of the company shall be subject to approval by the NBFIRA,” reads the order, which was granted after Phoenix challenged NBFIRA’s ban.
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...