LLR rewards investors

LLR CEO Mowaneng
LLR CEO Mowaneng

Botswana Stock Exchange listed diversified real estate company, Letlole La Rona Limited (LLR), a premier variable rate loan stock company whose existing property portfolio comprises of industrial, retail, residential and commercial office space, announced strong year-on-year distribution growth of 6.01% for the financial year ending 30 June 2022.

A final distribution of P28, 084,000 was declared, equating to 10.03 thebe per linked unit. The distribution comprises a dividend of 0.05 thebe and interest of 9.98 thebe per linked unit and compares favourably with the final distribution of 9.4117 thebe per linked unit declared in the prior financial year.

LLR CEO, Kamogelo Mowaneng commented:“ Despite ongoing macro-economic and sectoral challenges from the aftermath of the Covid-19 pandemic and notwithstanding current inflationary pressures and rising interest rates, LLR is delighted to declare a strong and sustained distribution for the 2022 financial year.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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