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New appointment
Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
(“Letshego Holdings” or “the Company”)
This announcement is being released on the Johannesburg Stock Exchange
for information purposes only in respect of Letshego Holdings
Limited’s Note Programme
ANNOUNCEMENT – new appointment
Letshego Holdings Limited is a leading provider of unsecured consumer
loans and other financial services, is listed on the Botswana Stock
Exchange, is Botswana International Financial Services Centre
accredited and has operations in 11 African countries in Southern and
Eastern Africa.
The Board of Directors of the Company would like to provide an update
to Shareholders that Letshego Holdings Limited has appointed Chris Low
as Group Managing Director effective 4th November 2013 subject to all
relevant approvals being completed. Low succeeds Jan Claassen, who
retires in October 2013 after leading the company for the past 10
years. Jan Claassen will remain a member of the Board of Letshego.
Mr Low has 25 years of experience across the financial services
industry, with more than 10 years’ experience in Africa-based or
Africa-focused roles. He has, during his career, been responsible for
start-up businesses across the broader financial services space,
including customer and franchise development for Consumer Banking and
Wholesale Banking operations.
Mr Low began his career in the Audit Division at Arthur Andersen &
Company (London) and went on to serve as Vice President of Finance at
Goldman Sachs (London). He has held positions within Standard
Chartered Plc including but not limited to Chief Executive Officer,
Tanzania; Chief Executive Officer, Kenya and General Manager, East
Africa; and Chief Executive Officer, South Africa and Head of New
Entry Markets, Southern Africa. Before moving into independent
emerging markets consulting in 2011 based from London, Low held the
role of Deputy Chief Executive Officer, International Banking
Division, at the National Bank of Kuwait, Kuwait City.
The Board thanks the outgoing Group MD, Jan Claassen, for his steering
Letshego to where it is today. The company has grown to become a
significant Group under his leadership and guidance. The Board is
pleased to note that Jan will remain on the Board of Letshego Holdings
and will also assist the new Managing Director with hand over and
other projects for the immediate future.
Gaborone
16 October 2013
Debt sponsor in South Africa
The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division
Sponsoring broker in Botswana
Stockbrokers Botswana Limited
Date: 16/10/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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