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Controversial indigenisation law kicks in

47 business sectors reserved for “indigenous” Basotho, foreign investors given a year to wind operations. Bereng Mpaki A CONTROVERSIAL law reserving certain businesses for “indigenous” Basotho will come into effect on 1 August 2022. In an interview this week, the Ministry of Trade and Industry’s public relations officer, Lihaelo Nkaota, said they will begin implementing

Govt goes after rogue Butha-Buthe supermarkets

Power debt cripples Trade ministry operations

Power debt cripples Trade ministry operations Bereng Mpaki BUSINESS has come to a halt at the Ministry of Trade and Industry after the Lesotho Electricity Company (LEC) cut the ministry’s power off over unpaid bills. Although it could not be ascertained how much the Trade ministry is owing, late last month, the LEC started cutting off power supply to several clients who owe it huge amounts of money. Among them is the Ministry of Trade headquarters in Maseru, which has gone without power for the past three weeks. The unavailability of power has forced the ministry to stop offering various services to its clients.

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