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LLR seeks partners for African campaign

Friday, September 29, 2023 | 200 Views |

Eyeing growth: Mowaneng says LLR is redoubling its efforts to expand into Africa

Local property group, Letlole La Rona (LLR) is on the lookout for partners for its African strategy, as opportunities in the local market tighten, BusinessWeek has learnt

The listed group’s ‘Go to Africa’ strategy suffered a knock early this year when a shareholder tussle resulted in the exit of Grit Real Estate, the pan-African group that was leading LLR’s push into the continent.

From being the second largest equity holder with a 30% stake, Grit gradually shed its holdings in LLR to zero, citing a change in its strategy.

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