Letlole Adds Six Properties To Portfolio
Monday, October 05, 2020
However, when commenting on LLR’s financial results for the year ended 30 June 2020, acting chief executive officer, Kamogelo Mowaneng said due to the conclusion of the transaction late in the financial year, the benefits of the acquisition were not materially reflected in the current financials.
“As at 30 June 2020, four out of the six properties had been transferred and two remained. Subsequent to the end of the reporting period, the acquisition Plot 22047 Gaborone was concluded on the 6th July 2010. Plot 54060 Phakalane was also transferred to LLR on the 17th of July 2020,” she said. On February 2020, the company entered into a purchase and sale agreement with Western Industrial Estate (Proprietary) Limited to purchase a portfolio of industrial properties at a purchase consideration of P174.4 million.
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...