Letshego nosedives on stock market
Friday, September 23, 2011
Microlender Letshego this week continued with its losing streak on the Botswana Stock Exchange (BSE) as selling pressure mounts on the counter against the background of investors' apprehension over the company's future cash flows.
The investors' panic follows reports that government would cease facilitating deduction of microlenders' loan repayments from source starting December 1 this year. Botswana operations contribute over 60 percent to the group's profitability.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...