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
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.
When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...