Africa expansion buoys Letshego on BSE

Letshego HQ.PIC: KENNEDY RAMOKONE
Letshego HQ.PIC: KENNEDY RAMOKONE

Financial services group, Letshego Holdings continues to reign as the most traded stock on the Botswana Stock Exchange (BSE) backed by its good profit numbers as well as it regional expansion.

A market analyst at Motswedi Securities, Tlotlo Ramalepa said despite a wave of profit taking that had weighed on the counter lately, Letshego has been the most liquid counter since last year.

“This could reflect investor confidence towards the stock, led by the growth outside Botswana to other southern African countries and beyond,” he said.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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