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.
‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...