Letshego To Instill Responsible Financial Practices
Monday, September 04, 2017
During the presentation of the group’s results for the half-year ended June 30, 2017 in Gaborone on Friday, the financial services group said it would also imbed a social performance measurement system across the business from 2017.
Group managing director, Chris Low indicated that during 2016, following the conclusion of a Social Environment Due Diligence (SEDD), the group embarked on a social impact survey with over 7,000 Letshego customers across five countries of operation, which are Botswana, Namibia, Mozambique, Kenya and Tanzania.
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...