Grit sheds more LLR stock

Monday, April 03, 2023 | 1220 Views |

Pushing on: Letlole la Rona CEO, Kamogelo Mowaneng is confident LLR’s drive into Africa will bear fruits

Pan-African property firm, Grit Real Estate, has further cut its stake in Letlole La Rona (LLR), as part of a plan to eventually exit the local real estate group. Last week, Grit sold 12.6 million LLR taking its shareholding to below 10%.

The shares sold at P3.16 each, a drop from the P3.51 Grit sold previously on March 7. Prior to that, the Mauritius-domiciled entity, with roots in London, sold at P3.51 in February and P3.48 in December.

Grit at one point held more than 30% equity in LLR and was the local group’s second biggest investor after founding shareholder, the Botswana Development Corporation.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Rabasimane. PIC MORERI SEJAKGOMO 16.33.42

Rabasimane accuses Ngakaagae of being 'two-faced'

Larona Makhaiza | 14 h ago

Selefu

joey kambai | 15 h ago

Foreign reserves hit 23-month high

Mbongeni Mguni | 15 h ago

Molale, Salakae make history

Spira Tlhankane | 1d ago

DCEC casts wider anti-graft net

Spira Tlhankane | 1d ago

BCP accuses UDC of failing Batswana

Tsaone Basimanebotlhe | 1d ago

BUAN class of 2026 urged to innovate

Kingsley Kuda | 1d ago

Boitekanelo graduates challenged to tackle youth unemployment

Larona Makhaiza | 1d ago

Commitment by DPP to fight corruption welcome

Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...

The Monitor Editor | 13 October 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.