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Letshego calls EGM to cut directors’ pay

Trimming down: Letshego shareholders are due to meet on October 25
Trimming down: Letshego shareholders are due to meet on October 25

The board of leading microlender, Letshego Holdings, has proposed a 27% cut in non-executive directors’ remuneration, in response to shareholders’ complaints that board fees were too high and not in line with the group’s performance.

An Extraordinary General Meeting (EGM) on the matter is due to be held on October 25 in Gaborone.

The homegrown group, which boasts a presence in 10 other African countries, has seen its share price fall by a net of nearly eight percent since January, after having led the Botswana Stock Exchange in the first five months with a growth of about 29%.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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