Tokelo Khausela LESOTHO is set to benefit from China’s zero-tariff treatment to 98 percent of taxable items from 10 least-developed countries. The move is meant to promote an open global economy. Starting from 1 December 2022, China will waive all tariffs on 98 percent of the related imports from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Malawi, […]
Hopolang Mokhopi VODACOM Lesotho Foundation (VLF) has donated special mobile phone tablets worth M212 000 to a centre for children living with various forms of intellectual disabilities in Butha Buthe. The equipment will assist children at Thuso E tla Tsoa Kae Centre to communicate effectively and access information digitally. The devices are fitted with […]
Moroke Sekoboto | Seithati Mphatsoane THIRTY sugar beans farmers from across the country will tomorrow sign a contract for the 2022/23 farming season with leading grain suppliers, Tasty Food Packers. The project was initiated by the Agriculture, Food Security and Nutrition ministry in 2020. It was launched last year with the support of Food […]
Staff Reporters GEM Diamonds Limited, the company which partly owns Letseng mine, achieved US$2000 (about M35,533) per carat in the third quarter of 2022 in its sales, the company has said. In its trade update for the third quarter of 2022, the company said it generated US$56, 6 million during the period under review […]
Nthabiseng Libate SIX KFC employees have won cash prizes in a cooking competition organised by the fast food restaurant chain. KFC operations manager, Makhaola Koebe, said the competition was aimed at motivating their cooks to maintain high standards and encouraging them to do better. “We hold this competition annually to recognise our best cooks […]
Moroke Sekoboto NEDBANK Lesotho has launched its latest mobile money innovation, Nedbank MobiMoney. The innovation is set to enhance financial inclusion among different classes including the unbanked who will not need to have bank accounts with Nedbank to use the facility, managing director, Nkau Matete, said recently. He told guests during the launch that he […]
Staff Reporters INSURANCE giant, Alliance has officially opened a M500 000 interlocking road from the Basotho Hat leading to its head office in Maseru following a major paving exercise. Before the renovation, the road was littered with potholes due to incessant rains and years of neglect by the local authorities. “Driving or walking to […]
Nthabiseng Libate SIX KFC employees have won cash prizes in a cooking competition organised by the fast food restaurant chain. KFC operations manager, Makhaola Koebe, said the competition was aimed at motivating their cooks to maintain high standards and encouraging them to do better. “We hold this competition annually to recognise our best cooks as […]
Leemisa Thuseho WINDHOEK Lager successfully hosted its debut one-day golf tournament at the Maseru Golf Club on Sunday. Dubbed the Windhoek Golf Day, the tournament was meant to raise funds for the Maseru Golf Club. Maseru Golf Club captain, Thabang Khabo, said: “This was the debut tournament to be sponsored by Windhoek”. “And we […]
Tokelo khausela INSURANCE services giant, Metropolitan has officially launched a new platform that enables its clients to file claims digitally. Speaking during the launch of ‘Tobetsa’ (Click) this week, Metropolitan client service manager, Maliako Koatja, said the new product is a paperless solution that offers clients great convenience. Ms Koatja said the platform is […]
Tokelo Khausela THE Tourism Levy has finally been implemented, the Lesotho Development Corporation (LTDC) has said. The levy was initially supposed to have been operationalised on 1 July 2022 but faced serious resistance from tourism players like tour operators, guest house owners and travel agents among others. The players complained that they were not […]
Mohalenyane Phakela THE Lesotho Communications Authority (LCA)’s application to nullify the controversial M500 million tender to Global Voice Group (GVG) South Africa for the supply of a Compliance Monitoring and Revenue Assurance system has been struck off the roll of the Commercial Division of the High Court. Judge Moroke Mokhesi on Tuesday resolved to […]
Silence Charumbira LESOTHO’S industries are headed for tough times after the Petroleum Fund yesterday increased the prices of diesel by a massive M1, 15. In response to the sharp increase, the Lesotho Chamber of Commerce (LCCI) said Lesotho’s industries were headed for more tumultuous times if the prices were not reduced. The new prices […]
Tokelo Khausela FINANCIAL services provider, Letshego Group, has launched a new digital wellbeing programme, LetsGo Digital Wellbeing. The programme was launched over the weekend at Maseru Club, in partnership with the BrandMed Group, a leading digital healthcare provider. Letshego Group chief of products, Chipiliro Katundu, said the LetsGo Digital Wellbeing platform is meant to […]
Live games have always sat on a different shelf than slots and other computer options at online casinos. However, these live table games offer a new way to play, creating a shift in how online gaming innovates. Live tables are fun and social and offer a level of trust and immersion that’s hard to find […]
Tokelo Khausela THE Lesotho Revenue Authority (LRA) has rebranded to Revenue Services Lesotho (RSL). The new branding launched at the Avani Maseru hotel, is part of the Re Aha (We Build) strategy, an updated revenue administration model. The strategy is a 5-year plan increase tax compliance. Commissioner General, Thabo Khasipe, told guests during the launch […]
Staff Writer THE Lesotho Tourism Development Corporation (LTDC) will on Tuesday host the debut Women in Tourism Conference (WiT Conference) at the ‘Manthabiseng Convention Centre, in Maseru. The move is in line with the corporation’s drive “to highlight and enhance the relevance of tourism in economic development”. It is also meant to commemorate Women’s […]
Silence Charumbira FINANCIAL Technology (FINTECH) company, Chaperone’s payments platform, C-Pay, has been named the Most Innovative Digital Payments Platform 2022 for Southern Africa by the United Kingdom (UK)’s Wealth and Finance International Magazine. The award is in recognition of the company’s innovation in the provision of business to business (B2B) financial solutions, said managing director, […]
Nthabiseng Libate THABA Bosiu Risk Solutions has been awarded the Diamond Arrow Award in the 2022 PMR Africa Awards for its outstanding insurance work. PMR Africa Awards are meant to recognise excellence among institutions. The awards are based on annual clients’ surveys. Since 2010, Thaba Bosiu Risk Solutions has become a regular feature in […]
Silence Charumbira THE Nedbank Group has delivered an excellent financial performance in the first half of 2022 ending 30 June 2022, with 26 percent growth in headline earnings per share. The group yesterday said the increased earnings were “driven by strong revenue growth, a flat credit loss ratio, an improved performance from associate ETI, […]
Moroke Sekoboto MULTI dimensional company, Phallo Cooperation, seeks to be Lesotho’s leading economic driver by developing several projects that will offer the youth investment and job opportunities. The company, which was established last, hopes to achieve this by raising M8.7 million by July next year. This was revealed this week by Phallo Cooperation director, Sebabatso […]
Tokelo Khausela THE Lesotho Tourism Development Corporation (LTDC) will this weekend lead celebrations to mark the start of the ploughing and planting season, known as Selemo sa Basotho. Selemo sa Basotho is marked on the first of August every year when the Basotho traditional year begins. The day marks the beginning of the planting […]
Bereng Mpaki ACTING Auditor General, Monica Besetsa, has warned that the government could be blacklisted by its suppliers for its failure to pay them on time. The government’s outstanding payments to suppliers shot up by 12 percent to M544 million during the 2020/21 financial year, according to the latest audit report by Ms Besetsa. […]
Bereng Mpaki WORKERS at a road construction site at Polihali Dam under the second phase of the Lesotho Highlands Water Project (LHWP) yesterday agreed to end their three-day strike. The workers were demanding a 6.5 percent salary hike stipulated in the 2022/23 minimum wage gazette. They were also demanding meal and transport allowances, as well […]
Bereng Mpaki FINANCIAL institutions can now vet their clients’ credit worthiness before approving their loan applications to stem the high levels of indebtedness. This after the launch of the Financial Consumer Protection Act, 2022 this week. It was enacted last month. Speaking during the launch, Central Bank of Lesotho (CBL) Governor, Maluke Letete, said […]
Bereng Mpaki LEATHER goods manufacturer, Jalad Africa, has struck a deal to list its products on global electronic commerce platform, Amazon to supply the United States (US) market. The company has already shipped the first trial consignment of goods to the Amazon warehouses in the US for faster delivery to clients in that country. […]
Bereng Mpaki THE government has passed a new law legalising diamond artisanal and small scale mining (ASM). This after Mining minister, Serialong Qoo, last weekend announced the enactment of the Mines and Minerals (Amendment) Act, 2021 which is meant to support ASM throughout the country. The government banned ASM in 2005 due to its […]
Staff Reporters THE good times continue rolling at Letšeng Diamond Mine in Mokhotlong. This after the high value mine recently unearthed a 245 carat Type II white diamond. The latest recovery comes hot on the heels of the recovery of two other 100 plus carat diamonds late last month. This makes the latest […]
Bereng Mpaki WORKERS on the M900 million Marakabei to Monontša road construction project in Butha Buthe will tomorrow down tools over salary hike demands. The workers had in March 2022 agreed to suspend the strike to give their employer, China Geo-Engineering Corporation (CGC), a chance to address their demands. However, the employer last month […]
Senate Lerotholi THE Lesotho Post has partnered with insurance company, Liberty Lesotho, in introducing a funeral insurance policy named, Mpate Sheleng ea Poso ea Lesotho. The new product offering was launched in Maseru last weekend. Speaking during the product launch, Lesotho Post retail service manager, Mosiuoa Au, said the funeral insurance offering was available from […]
