Letshego hits road to recovery

Weight lifted: Banda says the CEO's appointment is sweet relief
Weight lifted: Banda says the CEO's appointment is sweet relief

After a horror year in which investors saw about P2 billion in value wiped away, pan-African microlender, Letshego Holdings appears to be back on the road to recovery. Its share price is gaining, profits have risen higher and the group may even resubmit an application for a banking licence. Staff Writer, MBONGENI MGUNI writes

On Monday, Letshego Holdings will unveil full year 2019 results showing an increase of up to P157 million in pretax profits, continuing a long standing track record of delivering returns to investors.

However, the 21-year old homegrown microlender, which boasts a loan book of P9 billion in 11 African countries, had a nightmarish 2019. Its share price fell 56%, the worst performance for both the Domestic and Foreign indices on the Botswana Stock Exchange (BSE).

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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