mmegi

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
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

Have a Story? Send Us a tip
arrow up