Letshego Botswana embarks on retrenchment

Botswana, which is also Letshego Holdings’ headquarters and where it was founded in 1998, contributed 65% of the group’s P801 million in pretax profits for the year ended December 2022 and has anchored Letshego over the years while its West and East African offices have struggled to stay afloat.

While sources within Letshego Financial Services Botswana (LFSB) claim up to 60 employees are being cut from work in an exercise due to be complete by the end of June, the group this week strenuously denied the number and labelled it “false information”.