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Money foxes... Big names on the wall
21/05/2025

Money foxes... Big names on the wall

WARNING! WARNING! WARNING!
20/05/2025

WARNING! WARNING! WARNING!

Donald Trump on it
19/05/2025

Donald Trump on it

19/05/2025

DONALD J TRUMP
A man of the season...

Ntsokoane oeeeeeee!A trump time in our nation: glued to his words Sam Matekane
18/05/2025

Ntsokoane oeeeeeee!

A trump time in our nation: glued to his words Sam Matekane

THE TRUMP EFFECT💰$1,200,000,000,000President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar
15/05/2025

THE TRUMP EFFECT💰
$1,200,000,000,000
President Donald J. Trump Secures Historic $1.2 Trillion Economic Commitment in Qatar

LEC fails to account for M568m---In yet another expose of gross mismanagement at the utilityBy: Mohloai MpesiIN yet anot...
12/05/2025

LEC fails to account for M568m

---In yet another expose of gross mismanagement at the utility

By: Mohloai Mpesi

IN yet another dumbfounding episode of humungous mismanagement in the public sector, the country’s main power utility, the Lesotho Electricity Company (LEC), cannot account for a whopping M568 million.

The parliamentary Public Accounts Committee (PAC) heard on Thursday that an audit of the LEC by Auditor-General, Mathabo Makenete, for the financial year ending March 2023, had uncovered the M568 million scam.

The LEC had failed to produce any supporting documents to back the M568 million worth of revenue and expenditure transactions, forcing Ms Makenete’s office to issue a disclaimer on its accounts.

A disclaimer is the worst category of an opinion that an auditor can render to any entity. It means the auditor is unable to form an opinion on the fairness of the financial statements due to lack of sufficient and appropriate audit evidence.

This often occurs when the company's records are incomplete or unreliable, or in the case of the LEC, when they are totally absent, constricting the auditor from performing the necessary audit procedures.

The PAC was told on Thursday that the Auditor-General’s office had repeatedly asked for the supporting documents from LEC management to no avail. The LEC had promised to produce the documents but never did.

That had forced Ms Makenete to seek the help of the PAC, resulting in Thursday's session at which the LEC was again caught in sixes and sevens.

Fuming MPs then demanded action on the LEC. It was high time the police and the Directorate on Corruption and Economic Offences (DCEO) swooped on the power utility to arrest the thieving managers responsible for all the maladministration at arguably the country’s most strategic public utility, said Basotho Patriotic Party (BPP) leader Tefo Mapesela.

12/05/2025

𝗠𝗔𝗧𝗛𝗔𝗧𝗔 𝗔 𝗟𝗘𝗦𝗢𝗧𝗛𝗢 𝗙𝗟𝗢𝗨𝗥 MILLS
Leloala la ’Muso oa Lesotho, Lesotho Flour Mills le thehiloeng ke tona-kholo ea mehleng Leabua Jonathan esale le tsamaisoa ke K’hamphani ea Kansas, Amerika e bitsoang Seaboard Overseas and Trading Group ho tloha lilemong tsa bo-1997 ha 'muso oa tona-kholo Pakalitha Mosisili, o nehelana ka lona ho Seaboard.

Seaboard e ile ea rekisetsoa liabo tse 51% ha tse ling e le tsa ’muso oa Lesotho.

Letona la Khoebo, Mokhethi Shelile a bua le bophatlalatsi ba lehae, o re haesale Seaboard e tsamaisa leloala lena lilemo tse 27 ha e-s’o fe ’muso oa Lesotho leha e le sente ea litsoala tse etsoang ke leloala thekisong ea phoofo.

O re nako ena kaofela bookameli ba Seaboard bo re khoebo e mpe ha ba etse litsoala h**e ba fetisetse karolo e ’ngoe ho monga leloala – ’muso.

Shelile o bile o bontša h**e Seaboard Overseas and Trading Group e mathuleng a furalla Lesotho Flour Mills.

Ho sa le joalo, ha ho tsebahale h**e na ke mang ea tla tsamaisa leloala lena ha Seaboard Overseas and Trading Group e paka thoto e tsamaea haufi.

29/04/2025

There's always a good thing, out of anything...

28/04/2025

There's no one who's you, except you:
Just take care of yourself, Life is too short...

28/04/2025

Be smart enough;

Anything is Possible

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