Letlole tops BSE in tough half year period

In the lead: Letlole's property portfolio is focussed on industrial assets
In the lead: Letlole's property portfolio is focussed on industrial assets

Letlole la Rona topped the list of gainers on the Botswana Stock Exchange (BSE) for the first half of the year, putting on 3.6% in a difficult six months of trade.

By June 30, the BSE’s primary platform, the Domestic Companies Index (DCI) had shed 4.5% largely reflecting the downward trend in global equities due to the impact of the Coronavirus.

By comparison, over the same period last year, the DCI had shed 3% and would go on to close 2019 having lost 4.7%. For the first six months of this year, Letlole swam against the tide, gaining a net of eight thebe since January 2020.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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