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.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...