Letshego seeks to raise P285m in Namibian listing
Wednesday, September 06, 2017
The financial services group announced last week during the presentation of its financials for the half-year period ended June 30, 2017 that it recently obtained approval from the Namibian bourse to list Letshego Holdings Namibia Limited (Letshego Namibia) on the NSX.
Group managing director, Chris Low said 20% of the company’s shares are being offered for sale as part of the licensing requirements of the Bank of Namibia to increase the level of Namibian ownership of Letshego Namibia.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...