Mmegi reports that various banks in Botswana have won awards from "World Finance" who they describe as "a global publisher of several financial titles". You can see the full award list here.
But how exactly are these "awards" awarded? Who selects the winners? Who checks that the companies are actually legitimate? Who makes sure they're not actually crooks?
Some have been crooks of course. See the Daily Mirror story here about various crooked companies who won a World Finance Award. I should point out that World Finance withdrew one guy's award "Pending further investigation".
Before being impressed by a company winning an award you need to be very skeptical about the award. Ask some questions like "How exactly did they win it?"
Consumer Watchdog is a (fiercely) independent consumer rights and advocacy organisation campaigning on behalf of the consumers of Botswana, helping them to know their rights and to stand up against abuse. Contact us at consumerwatchdog@bes.bw or find us on Facebook by searching for Consumer Watchdog Botswana. Everything we do for the consumers of Botswana has always been and always will be entirely free.
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