Business

Business

580 000 Basotho to need food aid

MASERU-OVER a quarter of Lesotho’s 2 million people will need urgent food aid, according to the Disaster Management Authority (DMA)’s assessment released last week. Most of the food insecure 582

Business

Majoro pledges to back farmers

MASERU-THE government will provide a 60 percent subsidy to farmers to secure inputs for this year’s cropping season.Prime Minister Moeketsi Majoro said this as he donated 12 bags of fertilizers,

Business

Lockdown bites MMB

MASERU-THE Maluti Mountain Brewery (MMB) says it could throw away beer worth M127 million due to the Covid-19 restrictions on alcohol sale.MMB said the beer is currently stuck at its

Business

Shopping in style

MASERU-THE Masianokeng Lifestyle Centre opened its doors to the public yesterday amid pomp and fanfare.The new centre will bring services closer to communities living in the southern parts of Maseru.

Business

Covid-19 stalls economic activity

MASERU-THE Central Bank of Lesotho (CBL) says “economic performance in the second quarter of 2020 has generally been weak” as a direct result of the Covid-19 pandemic. In a monetary

Business

Minister deflects mine criticism

MASERU-THE government has rejected criticism that it was to blame for Mothae Diamond Mine’s failure to resume operations after the first Covid-19 lockdown that ended in May. Mining Minister Serialong

Business

Bean deal for Lesotho farmers

MASERU-A local food packaging company has come to the rescue of farmers who were struggling to get a reliable market for their beans because of the Covid-19 crisis. Tasty Food

Business

The ‘groupthink’ mentality killing business

MASERU-HORDES of Basotho are queuing to buy paraffin in downtown Maseru.Just about 10 metres away, there are four other small outlets, also selling paraffin. Within that small radius are five

Business

New house for Moshoeshoe II orphans

MASERU-ECONET Telecom Lesotho in collaboration with the Limkokwing University of Creative Technology yesterday donated a two-roomed house to a child-headed family in Moshoeshoe II.  The family of four – three

Business

New VAT system for imports

MASERU-THE Lesotho Revenue Authority (LRA) has introduced a new system to cater for direct imports from South Africa. The Import VAT Credit Facility, which became effective last Sunday, was introduced