Static salaries affect insurance industry

Low household disposable incomes is the biggest challenge facing the life insurance sector in the country, according to Thato Kubu, client service manager at Metropolitan Botswana.

Speaking to Mmegi Business, Kubu said pressure on disposable incomes is mainly due to inflation and non-adjustment of salaries, particularly among civil servants.

“As a result we are rethinking business processes and product ranges, in order to remain competitive under the harsh economic conditions to meet the evolving needs of our customer base,” he said.

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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