Letshego, Botswana Life launch digitalised Mosako
Monday, September 12, 2022 | 470 Views |
Letshego Headquaters PIC: PHATSIMO KAPENG
The policy covers funeral expenses by cushioning policy holders’ families from typical financial burdens associated with providing loved ones with a dignified funeral at the time of bereavement and personal loss.
The funeral plan caters to both the banked and unbanked, which are individuals who do not earn salaries through the bank. It also caters to contract and part-time workers as well as entrepreneurs and small business owners.
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...