Rosy returns help Letlole shake off CEO scandal

Letlole’s board fired Chikuni Shenjere-Mutiswa in September after a disciplinary process over alleged misconduct involving the group’s long-term incentive plan. The board and its CEO had spent months wrangling over the charges and cases are still ongoing at the Industrial Court, the High Court and police.

Last week Friday, however, Letlole, unveiled a five percent uptick in pretax profit for the six months ended June 30, becoming the only property group on the Botswana Stock Exchange to register an increase for the period.