Letshego mulls share buyback to shore up value
Friday, August 18, 2023 | 350 Views |
Brand power: Letshego is one of the country’s most recognisable brands PIC: PHATSIMO KAPENG
For a long time the star performer on the Botswana Stock Exchange’s Domestic Companies Index, Letshego’s share price dropped 10% last year and on July 4, sank to 98 thebe, its lowest level in two years.
Thus far this year, the pan-African microlender has shed 6.4 percent, with steep losses between January and June, before a strong rally from July that by Wednesday had lifted the counter to P1.17.
As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...