BIHL, Letshego wrap up P57million deal
Friday, April 09, 2010
This week, sources close to the deal said NBFIRA had provided BIHL with confirmation of the approval of change of ownership of Letshego Guard Insurance Company, which had also been communicated to Letshego Holdings. The multi-million pula transaction involves the sale of Letshego Guard and Letshego Guard Insurance Company by Letshego Holdings to BIHL.
The latest developments mean BIHL is now required to pay the P57 million to Letshego Holdings, a move that was due to be finalised this week. The sale price for both subsidiaries was pegged at P43 million, with an additional P14 million required of BIHL for settlement of loan accounts.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...