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
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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