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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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