Letlole La Rona Appoints Ronil Sekgele Besele as Chief Executive Officer

Letlole La Rona Limited has announced the appointment of Mr. Ronil Sekgele Besele as Chief Executive Officer, with effect from 01 June 2026. The appointment follows a rigorous and deliberate search process, and the Board is confident it has secured a leader whose profile is directly matched to the demands of running and growing a listed property fund.

Besele brings approximately 20 years of industry experience, of which over 12 years have been spent in executive leadership roles. His career spans investment valuations, development feasibility, strategic real estate advisory, and public private partnership structuring across both developed international markets and Botswana’s domestic investment environment. He holds a Bachelor of Business Management (majoring in Real Estate & Development) from the University of Queensland and a Master of Financial Management from the Australian National University and is a Member of the Royal Institution of Chartered Surveyors (MRICS).

He served as Property Development Executive at the Special Economic Zones Authority of Botswana (SEZA), where he led the development strategy for Botswana’s nine Special Economic Zones, structured public private partnership frameworks, and engaged institutional and foreign investors in establishing operations within the zones. Prior to returning permanently to Botswana, Mr. Besele was a Director in the Real Estate Advisory division at Deloitte in Sydney, Australia, where he led a team advising government and private sector clients on high-value real estate and infrastructure investment.

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This included major projects for institutional developers, listed funds, government agencies, and universities across the Australian market. His exposure to listed real estate markets, capital structuring, and portfolio decision-making at institutional scale gives him a global perspective that is directly relevant to LLR’s growth ambitions. “This appointment reflects the discipline and care the Board has brought to every governance decision over the past year,” said Mooketsi Maphane, Board Chairperson.

“Ronil brings a rare combination: deep technical expertise in real estate investment, executive experience at the highest level, and a grounded understanding of this market. He is the right person to lead LLR into its next chapter, and the Board has full confidence in his ability to deliver on our mandate of stable income, disciplined growth, and long-term returns for our Unitholders.” “Letlole La Rona is a business with real foundations: a resilient portfolio, strong governance, and the confidence of a loyal Unitholder base,” said Ronil Sekgele Besele, incoming Chief Executive Officer. “What excites me is what comes next.

There is a clear opportunity to grow this company deliberately and intelligently, and I intend to pursue it with the full weight of everything I have built across two decades in this industry. I am ready to get to work.” The Board further thanked Ms. Rorisang Modikana who has been Acting CEO since 03 November 2025. Modikana since her appointment in an acting capacity has led the business with steadiness, commitment and played an integral role in supporting the Board and managing the executive team, which greatly benefitted the ongoing performance of LLR to the benefit of Unitholders.

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