Letshego's BSE run slows, but analysts see 156% upside

New broom: New Letshego group CEO, Andrew Okai
New broom: New Letshego group CEO, Andrew Okai

Researchers at Stockbrokers Botswana believe Letshego Holdings’ shares have the potential to reach up to P2.10, about 156% higher than the level at which the counter closed at on Friday.

Letshego, a homegrown microlender with branches in 11 African countries and a loan book of P9 billion, has taken its investors on a rollercoaster in recent months.

The 21-year-old group’s share price fell by 56% last year, the worst performer on the Botswana Stock Exchange’s (BSE) Domestic and Foreign platforms in 2019.

Editor's Comment
Gov’t must rectify recognition of Khama as Kgosi

While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....

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