BIHL declares bumper P154m dividend
Thursday, September 03, 2015
In the first six months of the year, BIHL’s revenues breached the P2 billion mark largely on the back of a significant 68 percent jump in the life insurance division’s annuity business.
“The directors have declared a dividend of 55 thebe per share, gross of tax. This will amount to P154 million and it’s quite pleasing for us, especially as it comes at a time when the markets are in turbulence. The higher payout is on the back of a significant jump in our operating profit, which rose 25 percent to P188 million while our net insurance premium increased by an impressive 32 percent to P1.3 billion,” CEO Gaffar Hassam said at a media briefing yesterday.
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...