Africa expansion buoys Letshego on BSE
Wednesday, March 09, 2016
Letshego HQ.PIC: KENNEDY RAMOKONE
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.
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...