Tokelo Khausela The Ministry of Finance and Development Planning’s tax-collection arm, Revenue Services Lesotho (RSL), has missed its quarterly target for Value Added Tax (VAT) by about M150 million. According to the ministry’s quarterly performance report tabled before parliament’s Economic and Development Cluster Portfolio Committee last week, the RSL had been set a quarterly target […]
This is Pick n Pay’s second store after the Pioneer Mall branch, which opened in 2009. The supermarket first opened its doors at the Masianokeng Lifestyle Centre on 12 August 2020 amidst the challenging Covid-19 pandemic era. The store occupies 1900 square-metres (sqm) of the shopping centre. The main store (1700 sqm) offers edible and […]
Mohalenyane Phakela THE Nedbank Group has celebrated its “outstanding” performance for the first half of the year. According to the bank’s Managing Executive, Nedbank Africa Regions, Terence G Sibiya, the financial institution achieved positive results of M7.3 billion earnings despite the challenging environment. Dr Sibiya told the Lesotho Times in a virtual interview on Tuesday […]
Moroke Sekoboto TELECOMMUNICATIONS giant, Vodacom Lesotho, has been hailed for changing Basotho’s lives through its mobile money platform, M-Pesa. Different testimonies poured out on Monday night when Vodacom celebrated a decade of the existence of M-Pesa. It was a night of glitz and glamour as Vodacom staff and M-Pesa merchants and agents, as well as […]
Moroke Sekoboto Rising unemployment coupled with surging inflationary pressure require citizens who are well-equipped with personal financial management skills and understand the benefits and risks associated with money. This is according to the Governor of the Central Bank of Lesotho (CBL), Dr Maluke Letete, who added the financial industry had witnessed a variety of products […]
Tokelo Khausela TELECOMMUNICATIONS powerhouse, Econet Telecom Lesotho, is hosting a two-day expo showcasing its latest digital technologies, products, and services the company says are drivers of the country’s digital economy. This first-of-its-kind digital fair in Lesotho begins today and ends tomorrow at Maseru Mall. Through the expo, Econet will showcase its latest products and high-end […]
EDITED LNDC to boost local businesses … corporation also reveals ISUZU dealership launch in Maseru Moroke Sekoboto THE Lesotho National Development Corporation (LNDC) says it will spend the next years focusing on facilitating and investing in businesses and value-chains to create jobs. The investment approach, explained interim chief executive officer, Advocate Molise Ramaili, would […]
…. as lending rate stays unchanged Leemisa Thuseho THE Central Bank of Lesotho (CBL) has resolved to increase its Net International Reserves (NIR) target from USD690 million (M12.2 billion) to USD820 million (M145 billion) to maintain the exchange rate peg of Lesotho’s Loti with the South African Rand. The CBL Monetary Policy Committee (MPC) […]
Tokelo Khausela FIRST National Bank (FNB) Lesotho has donated over 500 pairs of school shoes and socks to learners in the 10 districts across the country. The donation was made through the bank’s ‘Helping Hand Cares’ initiative. The initiative began in 2022 in partnership with the Ministry of Education and Training, targeting three schools per […]
Moroke Sekoboto The country’s tax-collector, Revenue Services Lesotho (RSL).is committed to responding to clients’ needs in order to increase efficiency and the effectiveness of its services. This is according to the RSL Acting Commissioner-General ‘Mathabo Mokoko, who emphasised the importance of responding to customers’ requirements through user-friendly solutions. She said this during an E-Taxation Platform […]
Tokelo Khausela THE Standard Bank Group, in partnership with the Industrial and Commercial Bank of China (ICBC), are on an ambitious drive to boost the Lesotho economy by opening Chinese markets for local producers. The two parties facilitated for a local beekeeper, Sister Julia Mafike, to participate in the third edition of the China-Africa Economic […]
Moroke Sekoboto THE government, in collaboration with the World Bank Group, on Monday this week launched the Country Partnership Framework (CPF) 2024-2028, aimed at promoting a private sector-driven, and export-oriented economy and supporting the public sector in line with the National Strategic Development Plan (NSDP) II. The World Bank Country Director to Lesotho, Marie Francoise […]
Moroke Sekoboto TELECOMMUNICATIONS giant, Vodacom Lesotho, has urged micro, small, and medium scale enterprises (MSMEs) to adapt to the innovative use of technologies in order to make their businesses sustainable in these trying times. The Executive Head of Vodacom Business, Lisemelo Ramafikeng, said MSMEs had suffered immensely due to COVID19 but lauded those which had […]
Mohalenyane Phakela INSURANCE giant, Metropolitan Lesotho, has broadened its horizons through the establishment of an asset management company meant to cater for the different savings needs of Basotho. The Metropolitan Asset Management Company is the latest offering from Metropolitan Lesotho, the country’s leading insurance and healthcare provider with almost half a century experience in the […]
Moroke Sekoboto VODACOM Lesotho (VCL), in partnership with Alliance Funeral Planners, has launched its latest product, the Mpate Sheleng Funeral Plan, described as Lesotho’s most affordable funeral plan with premiums as low as M3.75 per week. The M3.75 weekly premium can buy cover of M10 000 for a natural death while a M15.00 weekly premium can […]
Tokelo Khausela FIVE states of the Southern African Customs Union (SACU) have signed a Mutual Recognition Agreement (MRA) meant to benefit accredited traders in the member countries of Botswana, eSwatini, Lesotho, Namibia and South Africa with lower costs and quicker turn-around times for imports and exports. The deal will enable accredited traders to move goods […]
LESOTHO Tourism Development Corporation (LTDC) acting Chief Executive Officer, Tebello Thoola, says the miniscule budget, that the department of tourism is allocated, not only hampers progress but also creates an impression that the corporation is sitting on its laurels instead of marketing Lesotho to the world as an ideal tourism destination. For the corporation to […]
Maseru, Lesotho New centre ready to give the Mountain Kingdom customers after-sales service On 19 May 2023, Samsung officially relaunched the Customer Service Centre in Maseru, Lesotho to bring much-needed post-sales support and convenience to Basotho customers. Located at Ground Floor Shop 1, Industrial Area, Moshoeshoe Road, Maseru, the new Samsung Customer Service Centre has […]
Tokelo Khausela The government of Lesotho has signed three new financing agreements with the European Union (EU) worth EUR29 million (about M580 million). The agreements are meant to support Lesotho in the three key areas of renewable energy, social protection, and inclusive governance. The three new programmes are housed under the framework of the Global Gateway, the […]
Hopolang Mokhopi Letšeng Diamonds (Pty) Ltd has unearthed a 122-carat rough white diamond. This is Letšeng’s first 100-carat-plus stone this year. “Letšeng discovered an exceptional quality D-colour Type II diamond on 5 March 2023,” the company announced in a statement this week. Letšeng is known for producing a large supply of rough diamonds over 100 carats. […]
Leemisa Thuseho ALLIANCE General Insurance Company has re-launched one of its products, Alliance Legal, with additional benefits for the first time since its inception in 2019. The colourful re-launch ceremony was done at Lancers Inn Hotel, Maseru, this week. The Alliance Legal cover dubbed ‘Thebe Ea Basotho’ is a family-oriented insurance policy meant to […]
Moroke Sekoboto KFC Maseru Mall has finally reopened following the restaurant’s closure on 20 February 2023 for revamping. The remodelling was completed at the weekend resulting in the reopening of the restaurant in style. The famous DJ Bootz entertained customers during the reopening. Also present at the performance were Ntate Stunna, Morena Sway and Jennie […]
Tokelo Khausela SOUTH African financial services company, Akani Group, has officially launched its locally subsidiary, Akani-Lesotho. The launch of Akani-Lesotho at Maseru Mall at the weekend adds to the growing list of pension fund administrative companies in Lesotho. Akani-Lesotho had on 12 December 2022 been registered and issued with an operating license by the Central […]
…CBL says bleached bills have no value, ….Warns public to be on high alert, ….As Lesotho national is nabbed in SA over tainted bank notes. Bongiwe Zihlangu/Moroke Sekoboto TAINTED South African bank notes from ATM bombings and cash in transit heists in South Africa have flooded Lesotho. And Basotho in possession of South African bank […]
. . .as it promises to pay suppliers to by 31 March Staff Reporters THE government plans to centralise the procurement of goods and services in a bid to curb corruption and improve efficiency, Finance Minister Rets’ilisitsoe Matlanyane has said. Dr Matlanyane told a post 2023/24 fiscal year budget speech gala dinner this week […]
Hopolang Mokhopi ECONET Telecom Lesotho (ETL) yesterday launched a new chatbot named Mpoi. This is an automated software powered by artificial intelligence (AI). The software enables customers to communicate with Mpoi via WhatsApp chat interface, just like talking to a real person. It is equipped with a set of automated replies that simulates a human […]
Leemisa Thuseho THE annual Econet Telecom Lesotho (ETL) Golf Day has raised M418 000 for charitable activities. The tournament was held at Maseru Golf Course recently. It was followed by a prize giving gala dinner. The competition was won by a team made up of Nkuebe Letsie, Matlali Makhetha, Palesa Motleleng and Mohlomi Seitlheko. They had […]
Tokelo Khausela CENTRAL Bank of Lesotho (CBL) governor, Maluke Letete, has advised Basotho to try and live within their means as the economy faces severe economic headwinds due to the depressed domestic and global economic outlook. Dr Letete made his exhortation as he this week announced an increase in the bank’s repo rate by 25 […]
Leemisa Thuseho THE Metropolitan Lesotho annual golf day is back. The tournament, last held in 2019 on the back of the Covid-19 pandemic, will return to action next Friday at the Maseru Golf Club. In an interview with the Lesotho Times yesterday, Metropolitan head of brand and marketing, Motsieloa Nonyane, said they were happy […]
Hopolang Mokhopi | Mosoatsi Mosoatsi STANDARD Lesotho Bank has rebranded the annual Lesotho Tourism Festival (LETOFE), which will now be called the Standard Lesotho Bank LETOFE Lifestyle Experience. SLB marketing manager – public relations and sponsorships, Manyathela Kheleli, told the media this week that they had repackaged both the name of the festival as […]
