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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

Business

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.

Business

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

Business

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

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

Business

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

Business

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

Business

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

Business

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.

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