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How FNB enabled people to join the SGK pyramid scheme

Last week, scores of disgruntled members of the SGK pyramid scheme gathered outside the office of SGK Brand Image Store, registered earlier this year by Mampoi Makhetha. This is the same office where, in February, FNB employees helped recruits open bank accounts. Archive photo: Thetso Letsepe. Sechaba Mokhethi SGK, an extensive pyramid

Basotho lose millions to SGK pyramid scheme

Scores of disgruntled members of the SGK pyramid scheme gathered outside the office of SGK Brand Image Store, registered earlier this year by Mampoi Makhetha, who says she was duped into opening a company and bank account. Photos: Khotsofalang Koloi. Sechaba Mokhethi A pyramid scheme disguised as a digital marketing company, has

The flagship factory that was never built: Convalt’s M17m US loan ends in settlement

(Left) Hari Achuthan during the MOU signing in Maseru. Photo: US Embassy Sechaba Mokhethi Also read Part One: Questions over vetting process as Lesotho signs M98bn Kobong deal Court records and public contracts from New York show that Convalt Energy's previous flagship manufacturing project never materialised despite receiving public funding and government support. For nearly

Questions over vetting process as Lesotho signs M98bn Kobong deal

Hari Achuthan, Convalt Energy’s founder, president and CEO, seals the M98 billion hydropower deal with Lesotho Minister of Energy, Lejone Mpotjoane.Photo: US Embassy Sechaba Mokhethi The company selected to develop what could become Lesotho’s largest-ever foreign direct investment has a track record that raises important questions about the government’s due diligence before

Company sold stolen and expired insulin to Malawi’s hospitals

The Pharmacy and Medicines Regulatory Authority Head Office in Malawi. Photos: Golden Matonga Golden Matonga and Tumpale Ng’ambi A Malawian pharmaceutical supplier was shut down in 2013 after babies died at a hospital where it supplied faulty antibiotics. The company then relaunched under a new name and in 2022 it bought stolen, expired insulin, relabelled

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