BIFM staff may sue over retrenchments

Tshiamo Rantao
Tshiamo Rantao

The Botswana Insurance Fund Management (BIFM) staff, faced with retrenchment, has threatened to take the company to court if they are not afforded a chance to participate fully in the restructuring exercise.

The restructuring exercise comes in the wake of the firm’s loss of the lucrative P9 billion-management contract of Botswana Public Officers Pension Fund (BPOPF).

Attorney Kabo Motswagole, representing the 37 employees, stated in a letter to the BIFM acting chief executive officer Neo Bogatsu, dated March 14, 2015 that it had been consistent throughout the process that his clients have never been consulted.

Editor's Comment
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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