Africa expansion buoys Letshego on BSE
Wednesday, March 09, 2016
A market analyst at Motswedi Securities, Tlotlo Ramalepa said despite a wave of profit taking that had weighed on the counter lately, Letshego has been the most liquid counter since last year.
“This could reflect investor confidence towards the stock, led by the growth outside Botswana to other southern African countries and beyond,” he said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...