Nedbank Lesotho shines

Nedbank Lesotho shines

MASERU – AMID challenging economic times, Nedbank Lesotho’s performance is faring better comparative to operations in neighbouring South Africa.
Group CEO Mike Brown said this during his visit to Lesotho last week.
Brown noted that times are tough for businesses, making it difficult for them to grow.
He cited political instability and policy uncertainty as among the key factors constraining investors from investing and growing the economy.

Even though economic growth is said to be at a low, Brown said Nedbank will continue to cater for its clients’ needs and provide them with a good banking experience such as aligning operations to latest technological advancements.
The bank, he said, has invested M2 billion on new technologies so far.
He stated that digitisation is critical for the banking industry and Nedbank’s clients should expect more products.

Finance Minister, Dr Moeketsi Majoro, urged banks to consider investing in tourism. He stated that the government has already taken an initiative through the economic labs project to bring investors and entrepreneurs together.
The new CEO of Nedbank, Nkau Matete, said it is high time the private sector takes matters into their hands and not wait for the government.
“The government will find us on the way after sorting itself out. What we need to do is grow this economy,” Matete said.

Lemohang Rakotsoane


Previous Constituencies challenge ABC conference
Next LHDA says working to resolve grievances

Warning: count(): Parameter must be an array or an object that implements Countable in /home/thepostc/public_html/wp-content/themes/trendyblog-theme/includes/single/post-tags-categories.php on line 7

About author

You might also like


Let there be light

Rose Moremoholo THABA-BOSIU THE Lesotho Electricity Company (LEC) has donated M80 000 into the Queen’s National Trust Fund which benefited at least five orphanages yesterday at Ha-Makhoathi. The donation by


Phori pledges to sort out cooperatives

MASERU – SMALL Businesses Minister Chalane Phori says he wants to promote cooperatives to help fight unemployment in Lesotho. Speaking at the Youth Cooperatives Forum on Monday, Phori said he


Generating business ideas

In my previous article I highlighted that in the process of launching a business an entrepreneur goes through a number of critical phases namely, identification and evaluation of an opportunity