Letshego staff costs jump to N$147 million

CHAMWE KAIRA

Letshego Holdings (Namibia) Limited’s employee benefit expenses rose significantly in 2025 to N$147 million from N$116.2 million in 2024, according to its annual financial statements for the year ended 31 December 2025.

The group added that salaries increased to N$79.6 million from N$68 million, while incentive bonuses more than doubled to N$26.6 million from N$10.9 million.

Key management personnel costs also increased to N$23.5 million from N$22.1 million.