Business
21 Lesotho Freight workers to lose jobs
MASERU – NEARLY half of Lesotho Freight Bus Services workers are set to lose their jobs at the end of the month as the government owned firm battles financial problems.
Evaluation of the board’s performance
It has now become commonplace for boards to carry out annual board evaluations. A requirement for the board to evaluate its performance is now a key component in nearly every
Recycling to riches
…How a young lady makes money by keeping Lesotho clean… QACHA’S NEK – WHERE others see waste, Reanetse Tšabello sees a fortune. Pick and use is her motto, as she
Guiding principles and concepts of corporate governance
As boards develop corporate governance structures, practices and processes they need to be cognizant of some core guiding principles and concepts that they should consider. These can be tailored to
Standard Bank takes on wool ‘lies’
MASERU – ANYONE who has dealt with a dicey debtor knows the drill. If the debtor is not telling half-truths, then they are dispersing some blame. “I am waiting for
The role of the board in risk management
Although risk oversight has always been an important aspect of the board’s oversight responsibilities, the financial crisis of 2008 raised the bar even more. The role of the board of
Directorate wants stiff road rules
MASERU – THE country is spending millions rehabilitating roads damaged by heavily loaded trucks, a situation that needs urgent attention, said Roads Directorate manager, Seboka Thamae. To deal with the
Standard Bank, Metropolitan in housing deal
MASERU – STANDARD Lesotho Bank has collaborated with Metropolitan Lesotho to unveil a pension backed housing loan targeted at benefitting low income earners. It is also easily accessible to organisations
What makes an effective board?
THE landscape on which directors exercise their oversight responsibilities has shifted since the aftermath of the global financial crisis in 2008 and as a result of numerous corporate scandals that
More small firms paying their dues
MASERU – THE Lesotho Revenue Authority (LRA) says tax compliance among Small, Micro and Medium Enterprises (SMMEs) has improved compared to previous years. This is after the LRA introduced Tax
