Letshego spearheads financial literacy campaign

Low
Low

Letshego Holdings is hopeful that its financial literacy campaign that began towards the end of last year will help curb the spiralling household indebtedness.

Speaking during the presentation of the group’s financial results for the eleven-month period ended 31 December 2014, the group’s Managing Director, Chris Low said the high volumes of household debt in the country are a huge concern for his company.

He said Letshego was working with the government to set limits on indebtedness, adding that they have introduced a central system in which they limit the amount and number of loans a customer applies for. “This allows the customer to have only one loan at a time. We have the responsibility to discourage over borrowing,” he said.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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