Letlole Debtors' Book Balloons
Monday, February 15, 2021
The Botswana Stock Exchange (BSE) listed local property group said in the interim results it recorded a P35. 7 million profit before tax, which is an increase from P33. 3 million registered on the prior year.
LLR’s acting CEO, Kamogelo Mowaneng said due to the contraction of the economy as a result of COVID-19 pandemic, the group has seen its debtors’ book rising significantly. Hence LLR has focused efforts on the collection of arrears in order to improve its cash flows and thus enhance its distributions.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....