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Grit sheds more LLR stock

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

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Editor's Comment
Are we doing enough?

Women and children continue to suffer at the hands of men who, in their heads, seem to view them as objects they can abuse to satisfy their sick, disgusting tendencies. Hardly a day goes by without reports of a woman, an elderly woman, or a child being raped! Where are we going as Batswana? Rapists have instilled fear into people’s lives; there is no haven for anyone anymore as people live in fear not only walking the streets, but also inside...

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