Business
Abattoir fails to open
MASERU — The National Abattoir and Feedlot Complex, Lesotho’s only national abattoir, failed to resume operations as expected on Monday due to an ammonia leakage last Saturday. The abattoir will be run by a local firm, Meraka Company. The abattoir’s marketing manager, Thabo Qhesi, told the Lesotho Times on Monday that the delay had been [...]
18 Aug 2010 | 0 commentsWater project to create jobs for construction workers
MASERU — The second phase of the multi-billion dollar Lesotho Highlands Water Project (LHWP) will create more than a thousand jobs during the construction phase, the Lesotho Times heard last week. A senior representative for the LHWP, Leon Tromp, told a business forum for Lesotho and South African businesses last Friday that phase two of [...]
18 Aug 2010 | 0 commentsExpert calls for change in governance
MASERU — Respected South African businessman Professor Mervyn King on Thursday said recent developments in the global business operations have called for a change in the manner corporate entities are governed. The business magnate is the chairman of the King Committee on Corporate Governance in South Africa. He is also a director of several companies [...]
11 Aug 2010 | 1 commentMosisili opens new clinic
MASERU — Prime Minister Pakalitha Mosisili on Monday officially opened the new Domiciliary Clinic in Maseru which was funded by the United States development agency Millennium Challenge Account (MCA) Lesotho. The clinic, which is situated in Moshoeshoe II in Maseru, is the first of 138 clinics to be built by the MCA around the country. [...]
11 Aug 2010 | 0 commentsLesotho economy set to grow
By Mpeshe Selebalo MASERU — Lesotho’s economy is on the recovery path in line with current global trends, a local economist has said. Sephooko Motelle, an economist with the Central Bank of Lesotho (CBL) told participants at the National Economic Forum in Maseru on Tuesday that the country’s prospects for recovery were looking good. The [...]
4 Aug 2010 | 0 commentsTextiles industry on recovery path
MASERU — At last there is good news for Lesotho’s embattled textiles and clothing sector. The sector which saw massive factory closures last year is finally on the path to recovery, according to the latest figures released by the Bureau of Statistics. The report released a fortnight ago shows that the textile and clothing sector [...]
4 Aug 2010 | 0 comments‘Lesotho economy poised for growth’
MASERU — Lesotho’s economy is set to grow by three percent this year on the back of massive construction and mining projects that are currently underway, Nedbank Lesotho managing director Lazarus Murahwa has said. Murahwa told a business meeting in Maseru last Friday that large construction projects will likely drive economic growth by three percent, [...]
28 Jul 2010 | 0 commentsAnnual inflation climbs to 4.5%
MASERU — Lesotho’s annual inflation rate shot to 4.5 percent in June, up from the previous month’s rate of 3.8 percent, according to the latest figures released by the Bureau of Statistics last week. Major monthly increases were recorded in the cost of fuels, rent, vegetables and footwear, according to the bureau. The price for [...]
28 Jul 2010 | 0 commentsRoad works funds not fully utilised
MASERU — At least 30 percent of the funds allocated for the maintenance of Lesotho’s roads was not utilised in the last financial year, the Lesotho Times has learnt. Road Fund executive secretary, Refiloe Pule, said they only used 70 percent of the M121 million that had been allocated to maintain and rehabilitate roads last [...]
28 Jul 2010 | 0 commentsLetseng set to meet target
MASERU — Letseng Diamonds chief executive officer, `Manthethe Maharasoa, says the mine is on course to meet its annual target of recovering 100 000 carats of diamonds this year. Maharasoa told the Lesotho Times last Friday that Letseng had already recovered 20 000 carats of diamonds in the second quarter of this year. She said [...]
21 Jul 2010 | 0 comments
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