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
Block 6 shopping complex, a crime hotspot

“Try a crime you end a criminal,treat an environment you end crime.”– Abhijit Naskar, Sleepless for SocietyWhat should be a vibrant entertainment hub has instead become an area where people increasingly fear for their safety.Hardly a weekend passes without reports of people losing their valuables, vehicles being broken into or stolen, revellers being assaulted and injured, and, in the most tragic cases, people being attacked with sharp...

Have a Story? Send Us a tip
arrow up