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In our article titled: ‘Shi Exchanged Farmers’ Wool For Machinery’ dated July 22, 2019, We erroneously reported that “Maseru Dawning Trading (Pty) LTD, owned by Chinese national Stone Shi, was reported by the Central Bank of Lesotho during its appearance before the ad-hoc committee, to have violated its broker-license regulations

Fleet tender manager assumes work amid court storm

BILLY NTAOTE A joint-venture that was awarded government’s fleet tender worth M100 million has begun operations amid an ongoing High Court battle challenging the contract. Fleet Service Lesotho and Silverstone Fleet Solutions started work on 9 July by inspecting vehicles belonging to the government fleet. On the instruction of Finance Principal Secretary, Motena Tšolo, all government and leased

‘Shi exchanged farmers’ wool for machinery’

Central Bank exposes Shi’s ‘flouting’ of financial laws RELEBOHILE KHOALE A parliamentary ad-hoc committee investigating effects of Lesotho government policy localising buying and selling of wool and mohair last week heard how a Chinese firm abused its position and contravened its licensing regulations. Maseru Dawning Trading (Pty) LTD, owned by Chinese national Stone Shi, was reported by the

Minister hails under-fire wool and mohair policy and blames saga on politicians

RELEBOHILE KHOALE The Minister of Small Business Development, Cooperatives and Marketing, Chalane Phori has defended the Thaba-Bosiu-based Lesotho Wool Centre auction as a lucrative deal set to benefit farmers in the near future. Phori made this submission to parliament’s ad-hoc committee investigating the sale of wool and mohair at the Centre following an outcry

Parly grills under-fire Chinese wool and mohair broker

MANTŠALI PHAKOANA Parliament’s ad-hoc committee investigating Lesotho’s wool and mohair sector on Wednesday grilled under-fire Chinese businessman, Stone Shi. Shi is now the sole broker of the country’s wool and mohair after being handed the role through amendments to an existing regulation by the government last year. He does this through the Lesotho Wool Centre—a joint-venture entered

How wool and mohair farmers were tossed into poverty

…farmers association blames government and Chinese national BILLY NTAOTE Thousands of families that depend on wool and mohair revenue are now said to be in dire need of food aid as a result of a government policy to localise the sale of their precious products through a Chinese national, Stone Shi. This unfortunate development was revealed

Thousands of angry farmers petition parliament

…Wool and mohair producers want subordinate law creating Chinese monopoly quashed amid Prime Minister's three-month grace period offer BILLY NTAOTE A three-month grace period temporarily lifting government’s ban of the independent export of Lesotho’s wool and mohair announced by Prime Minister Thomas Thabane was on Friday condemned by disgruntled farmers as a

ABC infighting deepens as expelled ‘big five’ suspend Thabane

RELEBOHILE KHOALE Prime Minister and All Basotho Convention (ABC)leader, Thomas Thabane’s bitter face-off with five executive members has worsened and could soon result in a split of the ruling party. The infighting escalated after a 26 June meeting of the party’s National Executive Committee which announced the decion-making body had ratified Thabane’s decision to expel the five for allegedly violating

Thabane’s ‘dictatorial’ tendencies rear ugly head

...Prime Minister and All Basotho Convention leader accused of unilaterally violating the party’s constitution as he expels ‘rebels’ NEC members in violation of a High Court order MAJIRATA LATELA All Basotho Convention (ABC) leader Thomas Thabane’s decision to “unilaterally” expel key members of the party’s newly-elected National Executive Committee (NEC) has since been scoffed at as façade to circumvent

MNNCIJ gets global investigative journalism status

…as Global Investigative Journalism Network approves MNNCIJ’s membership KEISO MOHLOBOLI MNN Centre for Investigative Journalism was yesterday granted membership to world's leading international association of investigative reporting organisations, Global Investigative Journalism Network (GIJN). The GIJN boasts a membership of 182 organizations in 77 countries across the world. MNNCIJ is Lesotho’s first and only institution