Botswana Life launches Access Bank partnership
Tuesday, November 22, 2022 | 5220 Views |
Partners: Botswana Life, BIHL and Access Bank officials at the launch of the partnership
According to officials, the new product ensures that a deceased’s estate has enough cash available to pay for expenses that become due and payable upon death, such as taxes, legal fees, and executor fees.
Botswana Life CEO Ronald Samuels said clients would be able to access the product through the Botswana Life Fiduciary Services subsidiary.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...