Letshego mulls share buyback to shore up value

Brand power: Letshego is one of the country’s most recognisable brands PIC: PHATSIMO KAPENG
Brand power: Letshego is one of the country’s most recognisable brands PIC: PHATSIMO KAPENG

Letshego Holdings’ investors have given the group authority to purchase up to 10% of shares back from them, in a move expected to strengthen the value of a stock that has been under pressure for several years.

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.


Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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