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Bona Life eyes rebound to market strength

Hopeful: Keakabetse expects Bona Life to regain its market share PIC: PHATSIMO KAPENG
Hopeful: Keakabetse expects Bona Life to regain its market share PIC: PHATSIMO KAPENG

Bona Life is confident of bouncing back to its formerly prominent spot in the market, following a P180 million recapitalisation effort by sole shareholder, the Botswana Public Officers Pension Fund (BPOPF).

Bona Life first established as Bramer Life in 2014 found itself in statutory management in 2015 after one of its shareholders, a Mauritian company ran into legal troubles.

At the time, help came from BPOPF which had set up a P500 million private equity investment fund run by an asset management firm, Capital Management Botswana (CMB).

Editor's Comment
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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