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Factory workers go on ‘forced’ leave

6 Textile  workers during a lunch breakMaseru- Super Knitting textiles firm at Ha Thetsane is closing down for three weeks starting this Friday due to lack of orders from their customers. The firm joins other textile firm that have expressed the need for taking a short break during this period, therefore sending their workers on forced leave.

According to some workers from Super Knitting, the company management held a meeting with them recently to inform them that the firm will be going on short-term break for three weeks starting from April 24 2017 until May 2 2017. The workers said management had cited lack of orders from capital markets such as the USA, Europe and Asia for the closure.

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People’s Saccos launched

5. Minister of Small Business Development, Cooperatives and Marketing 'Mantoetsi MohatonyaneMASERU- A new co-operative financial institution that will radically transform the economy of Lesotho, the People’s Savings and Credit Co-Operative Society, known as People’s Saccos, was officially launched on Friday.

People’s Saccos is now registered in line with the laws and regulations of the Kingdom of Lesotho and represents a convergence of dedicated Basotho from all walks of life who aim to achieve financial independence.

According to Francis Selialia secretary of People’s Saccos the primary purpose of the financial cooperative is to provide relevant financial services to its members to enable them to participate meaningfully in all sectors of the economy.

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