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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
A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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