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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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