Bona Life closes shop
Thursday, July 05, 2018
Bona Life holds about P800 million in annuities from nearly 1,000 clients. The company’s 20 permanent employees in Gaborone and Francistown were sent home yesterday, while the regulator, the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) was said to have been informed of the closure.
It is expected that the regulator will take control of the life insurance company, following the latest developments.
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