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Mamoth inspires aspiring entrepreneurs

by Lesotho Times
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Mamohlakola Letuka

MAMOTH PTY Ltd is working on initiatives to inspire aspiring entrepreneurs to overcome challenges and follow their dreams as a part of the company’s on-going efforts to mentor the next generation of business leaders.

This was revealed by one of the company’s shareholders, Retšelisitsoe Theko, in an interview with the Lesotho Times yesterday.

Mamoth is a wholly-owned Basotho company that was established in 1998, started by Mr Theko, Tsepo Polisa and Sekhonyane Matsoso who are former sales managers at a local insurance company.

The company provides funeral services, medical aid and other insurance products.

Mr Theko said in all their initiatives over the past few years, they had noted that the country was faced with a growing challenge of unemployed graduates who needed inspiration to pursue their dreams of starting their own business ventures instead of mainly waiting to be absorbed by the highly constricted job market.

He said they were working on creating platforms where they could tell their own story of how they grew from penniless youths with big dreams to creating a multi-million rand business.

“Find a direction in life and align yourself with people who are already following the same path, then success will follow you,” Mr Theko advised youths, adding the current unemployment crisis will not be curbed unless the educational system is aligned with market demands.

He advised graduates to learn how to use their qualifications to generate money.

He also said that employers are not looking for qualifications, rather for the passion of the prospective employee.

“We are not looking for the qualifications, but of what you bring to the table, your natural abilities.

“Always learn to merge your hobby, talents and qualifications in order to generate money,” Mr Theko said.

Mamoth will commemorate its 20th anniversary next year and Mr Theko said they had travelled a long successful road during which they have continued to nurture young talent who have gone on to start their own ventures or work for other companies.

He said as a local company, they responded to local needs hence the medical aid scheme.

“Our sole purpose is to localise and retain revenue in the country,” he said.

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