Business
Street vendors on the edge
MASERU-Tšolo Lebitsa, a street vendor, says only “divine intervention” will see him through these hard economic times after the government imposed a 21-day lockdown at midnight on Sunday. Lebitsa, who
Watch out for strategic drift
The external environment is changing fast and is impacting on business positively and negatively. Companies that ignore changes in the environment will find that they have lost their competitive advantage.
Victoria Hotel shut down
MASERU-VICTORIA Hotel has been shut down for operating without a licence. The Ministry of Tourism, Environment and Culture ordered the hotel to close last Thursday. The hotel is owned by
Bank launches data-free access service
MASERU-Standard Lesotho Bank has launched a data-free access service on the Standard Bank App and Internet Banking platforms in an effort to promote social distancing in the wake of the
Business in trouble
MASERU – EVEN though there is still no single case of Covid-19 that has been reported in Lesotho, the business sector is already under severe strain as panic grips the
Monitoring performance
One of the purposes of budgets is to monitor performance of an organisation and managers. After the budget is approved the last element of budget control kicks in which is
Kangaroo meat scandal rocks Lesotho
MASERU – KANGAROO meat. That is what you probably ate if you recently bought any processed meat from Econo Foods in Maseru. That stunning disclosure was thanks to a whistle-blower from
A step-by-step budget preparation process
In this article I will take you through a step-by-step process of preparing your budget. You are coming to the financial year end and you therefore need to start preparing
MMB, Post Bank ink loan deal for clients
MASERU-THE Lesotho Post Bank (LPB) in partnership with Maluti Mountain Brewery (MMB) have embarked on an initiative that will ease access to finance for those in the liquor trading business.
Budgeting methods
In the last article I discussed two approaches to budgeting. I looked at the top down approach or imposed budgeting approach. I then looked at the bottom up approach which
