‘Govt must enact laws that promote CSI’
Staff Writer THE government must enact laws that compel all corporates to channel a portion of their profits to corporate social initiatives (CSI), the Director...
Category : Business
Standard Lesotho Bank lends support to IDAL
Staff Writer STANDARD Lesotho Bank is committed to providing material and moral support to Intellectual Disability and Autism Lesotho (IDAL), a non-profit organisation which provide...
Maputsoe factory fires hundreds for striking
Ntsebeng Motsoeli JONSSON Manufacturing Pty Ltd, a workwear factory in Maputsoe, has with immediate effect terminated employment for about 700 of its workers for recently...
‘Economic Lab attracts aviation, pharmaceutical firms’
Bereng Mpaki THE recent Lesotho Investment Economic Laboratory attracted new business ventures in the fields of aviation, pharmaceuticals, medical cannabis and e-payment companies among others....
Workshop fosters self-assessment in agriculture
Bereng Mpaki STAKEHOLDERS in the agriculture sector were recently sensitised on the importance of continuously assessing the impact of their work programmes against the overall...
‘M20 billion investments for Lesotho economy’
Bereng Mpaki INVESTORS who participated in the recently held Lesotho Investment Economic Laboratory have pledged to inject M20 billion into the local economy over the...
LEC extends Mozambique power deal
Bereng Mpaki LESOTHO has extended its bulk electricity purchase agreement with Mozambique for another year, the Lesotho Electricity Company (LEC) has said. The contract, which...
Meat processing plant on the cards
Bereng Mpaki BASOTHO Meat Enterprise (LTD) PTY, a new meat processing company says it is here to improve the country’s meat industry. In a country...
BRICS funding for LHWP II
Bereng Mpaki THE New Development Bank (NDP) this week approved a M3, 2 billion loan to South Africa towards implementation of the second phase of...
Weak economic production risky: CBL
Bereng Mpaki THE Governor of the Central Bank of Lesotho (CBL), Retšelisitsoe Matlanyane, says the country’s low production capacity is a risk to its economic...
Letšeng’s new strategy pays off
Bereng Mpaki LETŠENG Diamond Mine’s improved operational performance recorded in 2018 has been attributed to its Business Transformation strategy implemented in 2017. The Business Transformation...
Local tourism records marginal growth
Staff Writer LESOTHO’S tourism sector recorded a modest 3, 1 percent growth in tourist arrivals in 2018. This was said by the Lesotho Tourism Development...
Increase exposure for hospitality and tourism students: Chef Donald
Staff Writer LOCAL hospitality schools must ensure that their students get exposure in other countries which have bigger and more vibrant tourism and hospitality industries...
Maliba Lodge; imposing beauty high up the mountains
Staff Writer A STORY about Lesotho’s tourism is definitely enriched at the mention of Maliba Lodge, deep in the valleys of the country’s highlands. As...
Thaba Bosiu cultural village, a place with intriguing stories
Staff Writer PERCHED some 1 804km above sea level in the east of Maseru is Thaba Bosiu, a place whose history oozes with the stories...
Children’s theme park on the cards in Thaba Bosiu
Staff Writer A THABA Bosiu man, Moiloa Rantoeleng, who is passionate about children, is working to establish a children’s amusement park just opposite the Thaba...
Bright future for tourism sector: LTDC
THE Lesotho Tourism Development Corporation (LTDC) is upbeat about the country’s tourism prospects as it continues with various projects and initiatives aimed at ensuring the...
Parliament queries LRA’s ability to collect non tax revenue
Bereng Mpaki THE Economic and Development cluster committee of the National Assembly has expressed its reservations on the ability of Lesotho Revenue Authority (LRA) to...
LRA ropes in accountants as tax agents
Bereng Mpaki TAXPAYERS can now engage the services of licensed accountants to help with matters related to filing their tax returns. This is after the...
Economy records 2% growth
Bereng Mpaki LESOTHO’s gross domestic product (GDP) recorded a marginal growth of 1, 9 percent during the year 2018, making a slight recovery from the...
‘The pace of debt accumulation in sub-Saharan Africa region high’
Staff Writer AFRICAN countries’ pace of debt accumulation has been high in recent years, due to their efforts to finance sustainable development goals (SDGs) and the African Union’s...
Consultancy capacitates councilors for improved service delivery
Pascalinah Kabi THE Ministry of Water has engaged the Pitsong Institute of Implementation Research (PIIR), a private consultancy to capacitate councilors to play their role...
Lesotho is in a fiscal and jobs crisis: Majoro
Bereng Mpaki LESOTHO faces a ‘fiscal and unemployment crisis’ and the government must implement painful decisions including reducing its own expenditure on salaries and use...
Govt increases taxes
…‘sin tax’ on alcohol and tobacco set to spark price increases Staff Reporter BEER drinkers are among those who will have to dig deeper into...
Govt cuts ministers’ salaries
Pascalinah Kabi THERE will be a five percent salary cut for ministers, a reduction in their costly foreign trips as well as the abolition of...
No salary joy for civil servants
Staff Reporter …Majoro says government cannot afford salary increments …zero percent wage increase will likely fuel civil servants’ discontent THERE was no joy for the country’s restive...
Contrasting fortunes for ministries in budget allocations
Bereng Mpaki THE national budget for the fiscal year 2019/20 which was presented by the Minister of Finance Moeketsi Majoro before parliament yesterday came with...
There are positives in the 2019/20 budget
Leonard Nyambuya The Minister of Finance Moeketsi Majoro presented an austerity budget on Tuesday, which fully implemented will pass a major fiscal test, in the...
Summary of the austerity measures
Staff Reporter FINANCE Minister Moeketsi Majoro proposed several measures to rein on government spending and ensure greater fiscal discipline. Apart from the various taxes on...
Budget speech postponed
Staff Writer THE Minister of Finance, Moeketsi Majoro, has postponed the long-awaited presentation of his national budget that was penned in for today to next...