Pula Medical Aid endures sluggish economy
Tuesday, July 25, 2017
Addressing the media last week, Pula principal officer, Thato Moumakwa said of late, Botswana’s economy has been under a lot of pressure, experiencing a number of setbacks due to the financial crunch that has resulted in the closure of a number of organisations.
“However as Pula, we want to reassure our valued members, their dependents and our stakeholders that due to our positive solvency margin, we retain a healthy financial standing and are as stable and dependable as ever,” he said. Having been in existence for more than 25 years, Moumakwa said the Fund is still going strong with a healthy financial standing. He said this is due to the fact that they understand the needs of their members and continuously adapt and develop their products to better suit their health care needs.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...