'VAT to push up medical insurance costs'
Monday, March 08, 2010
Speaking at the third annual breakfast seminar of Pula Medical Aid Fund at the Gaborone Sun on Friday, Ebineng said the VAT increase could result in a review of subscriptions that did not include VAT so far.
"With the increase in VAT, the financial position of the Fund is going to be depressed," he said. "The income must always be more than the outcome in order to cover for the benefits and administration."
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...