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
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

Have a Story? Send Us a tip
arrow up