Letshego leads BSE despite internal turbulence
Wednesday, May 25, 2022 | 1080 Views |
![Out: Okai left Letshego under mysterious circumstances earlier this month](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2022/05/25/38646.jpg&w=800&q=72&f=jpg&t=1)
Out: Okai left Letshego under mysterious circumstances earlier this month
By last Friday, Letshego’s share price was up 25% for the year, outpacing its peers on the Domestic Companies Index, according to Stockbrokers Botswana data.
Second-placed gainer, Standard Chartered Bank Botswana was up 14.8% by comparison, followed by 7.8% for Letlole la Rona. Letshego’s performance is despite the shock sacking of its chief executive officer, Andrew Okai earlier this month, with the board releasing a terse statement hinting at the irreparable breakdown of the relationship.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...