Business

Business

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

Business

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

Business

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

Business

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

Business

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

Business

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

Business

Importance of IT governance in corporate governance

Information Technology has become a key component in corporate governance. Previously information systems were used as enablers to businesses, but however with the surge in internet, information systems have become

Business

Nedbank launches Money App Africa

MASERU – NEDBANK Lesotho has launched a mobile banking platform that offers clients an intimate interaction with services. Money App Africa, launched on Monday, is another step by the bank towards

Business

Potato association on charm offensive

MASERU – Co-op Lesotho and the Potato Lesotho Association (PLA) are on a charm offensive to convince Lesotho’s farmers that they have what it takes to satisfy the local market and

Business

Board committees and their functions

The other committees that the board of directors delegates its oversight roles are the Risk Committee and the Governance and Compliance Committee. I will discuss the functions of these committees