Category : Business

  JOHANNESBURG-Capitec CEO Gerrie Fourie says that the bank has shut down 2000 accounts associated with “Ponzi scheme” MMM. The CEO was speaking in an interview...

  Bereng Mpaki MINISTER of Mining Lebohang Thotanyana says the Mining Board would soon call for new investors to take over nine mines that were...

  Bereng Mpaki NEDBANK Lesotho yesterday donated 18 computers worth M100 000 to the National University of Lesotho (NUL) at the institute’s Roma campus. Present...

  Rethabile Pitso ENERGY Minister Selibe Mochoboroane says plans are underway to establish a fuel storage facility to supply the country with various petroleum products....

  Bereng Mpaki A LONGTIME Chinese investor in the local textile and garment industry says vertical integration is the way to go for Lesotho to...

    Bereng Mpaki LESOTHO’S year-on-year consumer inflation rate rose from 6.6 percent in February to 7.5 percent in March 2016, with the outlook pointing...

  Bereng Mpaki THE launch of the new Toyota Fortuner range to the Lesotho market tomorrow, 20 May, is set to coincide with the official...

  Rethabile Pitso MASERU Mall Manager Baholo Chimombe says the shopping centre now houses a variety of outlets to cater for the different needs of...

  THE year after President Barack Obama extended African nations’ preferential access to US markets by a decade, his administration is re-evaluating its trade relations...

  Rethabile Pitso PROJECT managers have been urged to share skills and ideas with each other and stop trying to “reinvent the wheel”. This was...

  Bereng Mpaki A STUDY conducted by the Food and Agriculture Organization of the United Nations (FAO) indicates that vulnerable households in Lesotho need an...

    Bereng Mpaki LETŠENG Diamonds Chairman, Clifford Elphick, has bemoaned the dearth of technical skills in the country, saying it was one of the...

  Rethabile Pitso VODACOM Lesotho (VCL) has assured Basotho that M-Pesa is here to stay after Vodacom South Africa decided to discontinue the money transfer...

  Bereng Mpaki THE Central Bank of Lesotho (CBL) says mobile money is changing the way banking is done in the country, although there was...

  Rethabile Pitso METROPOLITAN Lesotho yesterday injected M320 000 into the mini-chess programme which aims to develop the sport among primary school children. The programme...

  PRETORIA – Any further ratings downgrade of South Africa could lead to increased capital outflows, the central bank said on Tuesday. Ratings agencies have...

  Bereng Mpaki THE business community has bemoaned the recent electricity tariff increases, saying they would have no choice but to pass on the cost...

  Rethabile Pitso BASOTHO have been called upon to obtain intellectual property (IP) rights to protect their creative ideas from being stolen and to foster...

  Bereng Mpaki CONSUMERS must brace for a shortage of white mealie meal in the coming months, as food producers battle the effects of drought...

  Rethabile Pitso KENTUCKY Fried Chicken (KFC) Local Store Marketing officer Ramafahla Thamae this week assured Basotho of the fast food company’s commitment to serving...

  Bereng Mpaki FIRST National Bank (FNB) has pledged to continue opening new branches across the country to ensure the financial inclusion of Basotho. This...

  Bereng Mpaki GLOBAL rating agency, Fitch Ratings has downgraded Lesotho’s international credit ratings citing the decline in South African Customs Union (SACU) revenues and...

  Bereng Mpaki THE Maseru City Council (MCC) is cracking the whip on residents who are defaulting on paying municipal service fees. According to MCC...

  Rethabile Pitso A CHILD-HEADED family’s dream of decent accommodation finally came true in Ha-Matšaba village, Maseru after Standard Lesotho Bank (SLB) and Habitat for...

  Bereng Mpaki THE Private Sector Foundation of Lesotho (PSFL) has called on the government to invest in business start-ups to address the challenge of...

  JOHANNESBURG – The internet-based nature of MMM, South Africa’s latest alleged Ponzi scheme, is posing difficulties for authorities seeking to prosecute the perpetrators. The...

  Sub-Saharan Africa’s economies have lost steam because of the collapse of global commodity prices and will continue to struggle to regain momentum this year,...

  . . . as higher fuel prices increase transport costs Bereng Mpaki THE latest fuel price increases which resulted in the price of petrol...

  Rethabile Pitso THE Lesotho Tourism Development Corporation (LTDC) has appealed to local manufacturers in the tourism industry to make use of the agency’s new...

  Rethabile Pitso THE Central Bank of Lesotho (CBL) has launched a campaign aimed at curbing money laundering in conjunction with mobile money services providers...