Mmegi

Full operations swing into gear at WestLife Insurance

Optimistic: Ratlhaga
Optimistic: Ratlhaga

WestLife Insurance has officially returned to full operations following the lifting of Statutory Management by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) this week.

The exit follows an extensive restructuring process and the implementation of a strengthened governance framework, aimed at enhancing the company’s long-term sustainability and accountability.

A key component of the recovery has been a substantial capital injection of P20 million from shareholders, which has significantly bolstered WestLife’s financial standing and operational stability.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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