Letshego raises P600m from JSE

The company, which operates in 11 African countries says in its 2013 annual report that in the past financial year ended January 2013, it decided to raise funds from the capital markets, diverting from the norm of accessing credit lines from different financial institutions.

"Over the years, we have diversified our lines of credit with the support of a number of different financial institutions who supported our vision. However, following that, we believed the next logical step was to go to the capital markets. We therefore established Medium Term Note (MTN) programme instruments on the Johannesburg Securities Exchange (JSE) and the Botswana Stock Exchange (BSE)."The JSE listing was in our view successful raising R700 million.