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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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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