Letlole La Rona’s (LLR)diversification drive is taking shape — with profits rising sharply and a landmark retail project in Phikwe marking its next step in expanding value for investors. Within Botswana, its portfolio leans 55% retail and 45% industrial.
Performance by Segment (2024/2025)
Commercial & Retail
- Revenue: P115,517 million
- Profit from Continuing Operations: P106,710 million
Industrial
- Revenue: P86,239 million
- Profit from Continuing Operations: P86,922 million
But the long-term plan is “a more diversified portfolio,” said CEO Ms Kamogelo Mowaneng, “comprising 60% industrial, 34% retail, and about 3% office and other asset classes.”
At first glance, that might seem contradictory — why is Letlole still investing in retail if it’s already overweight there? Ms Mowaneng’s answer was simple: opportunity first.
We follow a bottom-up approach,”
she said.
“We look at each investment opportunity and then assess how it contributes to our sectoral spread. Diversification is our shield — it protects investors from downside risk.”
That’s what led to Letlole’s new project: a first-of-its-kind mall in Selebi-Phikwe.
Phikwe has never had anything like this before,”
Ms Mowaneng said.
“It’s a region that’s been underserved from a retail perspective, and we saw the perfect opportunity to offer something different.”
The project draws inspiration from an existing retail layout — “like our main mall here,” she noted, “a long street of little shops owned by different people.” But in Phikwe, the aim is to consolidate that energy under one roof.
“There are many initiatives being directed at developing the region,”
Ms Mowaneng said.
“After careful analysis, we’re confident this investment will boost shareholder returns.”
Letlole’s 2024/2025 Key Financial Highlights:
- Group Contractual Revenue up by 16%
- Group Profit Before Tax from continuing operations is significantly above the prior year (from P41.1 million to P131.2 million)
- Profit after tax up from P21,434 million to P107,035 million
