Letshego tackles high indebtedness

“The purpose of this campaign is to impart the basics of personal financial management such as budgeting, financial planning and discipline in order to increase financial literacy in Botswana.” CEO Fred Mmelesi told a media briefing On Friday.

Mmelesi highlighted that this followed after their half-year results ended 31 July indicated that there are high rates of indebtedness locally. He noted that the increasing volumes of household debt in the country are a concern for banks, government as well as regulators, like NBFIRA.