Bs 15 june by motlalepulajmolotsi

Business Friday June 15, 2018

13,43

LOTI/JPY

LOTI/EUR

15,47

LOTI/SA RAND

LOTI/GBP

17,83

LOTI/PULA

LOTI/USD

International

Commodities

Exchange Rates

0,12

0.00 1.27

GOLD OIL PLATINUM SILVER

1357,00 70,10 1019,00 17,50

0.16% 1.04% 0,95% 0.25%

CAC 40 Dow Jones FTSE 100 NIKKEI 225

4533.57 18221.25 6986.57 17336.42

0.62% 0.83% 0.10% 0.00%

Eye Monthly Inﬂation (%) 2017 to 2018

Commercial Banks

Interest rates (/ Annum)

Central Bank

Prime Lending Rate

9.92

Deposit Rates

0.00

Lombard Facility

9.33

Savings Rate

0.84

91 Days

5.33

Call

0.77

Cabinet team meets restive Wool and mohair farmers ’MASENTLE MAKARA

A C H A’ S N E C K – Minister of Small Business Development, Co-operative and Marketing Chalane Phori has described the recently gazetted regulations on the wool and mohair trade as a painful but necessary step towards the longterm improvement of Basotho farmers’ livelihoods. The new regulations have attracted mixed reactions from Basotho, with some wool and mohair farmers venting serious criticism claiming they were not consulted and the exercise is a way of corruptly enriching some officials while hiding behind empowerment. “Vaccination has never been easy, it is painful but you will get healed. I will inject Basotho money into their pockets and they will complain but in the end they would be wealthy,” said Phori. A delegation of ministers has been going around the country to explain the new wool and mohair regulations to suspicious famers. Phori told the multitude of farmers here that: “Soon after I was appointed the minister of small business development, cooperatives and marketing, I was visited at our offices by the Lesotho Wool and Mohair Association (LNWMGA) chairman Mr Mokoenihi Thinyane, together with Maseru Dawning Trading (PTY) LTD Managing Director Guohui Shi who introduced themselves to me and told me that they were already working with the previous Government on building a Lesotho wool centre at Thaba-Bosiu.” The two companies LNWMGA and Maseru Dawning Trading (PTY) LTD presented before Phori that they had decided to work together under a joint venture, which gave birth to the Lesotho Wool Centre Joint

Venture. Under the agreement the two parties pledge to work together as an incorporated joint venture where the Lesotho Wool and Mohair Association will have 75 % shares while Maseru Dawning Trading (Pty) LTD will have a 25% stake. Phori said he supported the agreement and together with a number of his colleagues from cabinet had been instructed by Prime Minister Thomas Thabane to tour the country to explain to farmers. Among the ministers accompanying him includes; agriculture minister Mahala Molapo, trade minister Tefo Mapesela, planning minister Tlohelang Aumane; and deputy ministers Dr Ntabiseng Makoae of agriculture, and home affairs Machestetsa Mofomobe. The team has been moving from district to district to explain the agreement to restive wool and mohair growers. “I addressed cabinet about it and Prime Minister Dr Thomas Motsahae Thabane gave me the delegation of ministers realising it had become a very big issue that affects Basotho,” Phori said. The committee also met with LNWMGA and Shi. “It was then found out that the LNWMGA is working with BKB and ever since it was working in Lesotho the company opened a fake account because it had no necessary details needed to open an account and since it’s operation in Lesotho BKB has never paid tax. BKB has taken over M1.4 billion without giving something in return to this country,” said Phori. While the police were still investigating, BKB’s account had to be closed but then it had to be opened since some Basotho farmers had not yet been paid by the company. “ We m e t w i t h fa r m e rs ’ organisations to introduce the

Small businesses minister Chalane Phori regulations to them because noone was reporting back to the farmers and there was a huge complaint from farmers. This is why we took the initiative to come and introduce the regulations to you. As chairperson of this delegation I apologise for coming to you now. We thought your organizations were giving you the results on formation of this law,” Phori said. Last Monday, opposition parties held a press conference wh e re t h e y c h a rge d t h e government was suppressing wool and mohair growers as it compels them to trade with one broker. Moreover, the regulations are deemed unfair to the farmers as they are not allowed to use a broker of their choice. Some farmers from Mohale’s Hoek, Quthing and Qacha’s Neck said they were not happy that the government was working with a Chinese businessman, Mr Shi. Over the past few months there has been a perception among Basotho that Chinese companies are threatening to unfairly dominate business in

Lesotho. Addressing the gathering at Qacha’s Neck in response, Mofomobe said: “China is the second largest economy in the whole world and every country is forming relationships with China so should Lesotho. All the Chinese you see in local shops are for the good of the country and we need them. Do you need development or you are only concerned about who is behind this development?” In an interview with Public Eye afterwards, Mofomobe added: “There will never be a time when we see things from the same angle. We are different but this regulation is going to benefit all Basotho. There will always be opposed sides regardless of how good something is. This is way deeper than it may look like. We are talking about millions of maloti. Remember the government is there to mediate when people are being suppressed and cheated out of their wool and mohair. It is not going to be easy but we are going to do it and it will happen in our lifetime”.

where there is there is beauty for all type of skin protection LDA - sireletsa letlalo la hao khahlanong le maemo a leholimo

Asked why they decided to work with the particular Chinese company Mofomobe said the company was brought by the former government of Dr Pakalitha Mosisili and the new coalition saw nothing wrong with him so they decided to continue to work with him. After all, he added, the biggest wool and mohair buyer in the world is China. “South African dealers take the wool and mohair to auction it to the Chinese but this one works with Basotho and China. If BKB wants to compete with him, then let it come and compete with the Chinese at an open auction.” Mofomobe assured Basotho farmers that the system was going to be transparent. “The auction is going to happen in broad daylight so Basotho are welcome to go and witness. There will be auction experts and this one (Shi) is one of them since there are no auction experts in LNWMHGA,” he said. Business Eye spoke to some of the farmers present to get first hand information about their views on the controversy. Moloi Mojakisane Mohasi, one of the farmers from Qacha’s Neck, said: “We have been working with BKB and it has been cheating us and I have done my own research. For example, someone showed me his cheque which had too many deductions, including very high tax. I have hybrid goats and I was expecting close to M20 000 but I got much less than that. “When we have one broker like BKB, they become selfish so I think now there will be transparency. Change is never good on all sides but what I know is these people have been giving us poison and this is going to change. All we need after this is for the government to have regulations on how to deal with thieves as it is the main problem that worries us as farmers.” To page 4

Public Eye

Friday June 15, 2018

Business Eye News

Tumbling Rand a victim of its own status

fter appearing to regain some swagger last week, global markets dropped back into risk â&#x20AC;&#x201C; off mode on Thursday as old worries moved to the forefront. Underwhelming data releases from France and Germany continued a run of poor economic news in the euro area, while growing cracks in the developing world added to the concerns. The United States economy is showing signs of good health with unemployment numbers giving more job vacancies than people out of employment. The only downside risk to the US economy is President Trumpâ&#x20AC;&#x2122;s trade policies. US stocks slipped on Friday ahead of a G7 summit expected to highlight the growing gulf between the US and its partners on trade. The Dow Jones index was down 0.2% on opening while the broad based S&P 500 shed 0.1%, the tech rich Nasdaq Composite Index was down 0.2%. The G7 summit ended in with deep divisions over trade, with President Trump refusing to endorse a joint communiquĂŠ. Ahead of the meeting, Canada s Prime Minister Justin Trudeau and France s Emmanuel Macron s i g n a l l e d t h ey p l a n n e d to take a tough line in talks. US, meanwhile, has called for Russia to be readmitted to the group a statement which was shot down by its allies. Europe I t a l y m a y h ave f o r m e d a government, but there is still plenty to be stressed about across the continent. The Italian populists will get a big test on how to deal with labour market issues, and investors are still wary of their policies. Nationalists in Slovenia won general elections, joining, Italy, Austria and Hungary in the antiâ&#x20AC;&#x201C; immigrant wave, escalating the populist risk within the block. However, signs of a conciliatory approach by the new Italian government might buoy sentiment. Greek debt talks are floundering as a June deadline looms. The euro area growth is losing steam, with Germany and France leading the slow down. In the UK poor economic data and Brexit are weighing on business and investor sentiment. Investors were in cautious mood on Friday ahead of what is expected to be an acrimonious meeting of the G7 over the weekend last week. Most stock markets traded lower. In London, the FTSE 100 was down 0.3% at 7653.25. Germanyâ&#x20AC;&#x2122;s DAX index is down 0.9% at 12,701.12, with sentiment there also being hit by some weak economic data released earlier in the week.

MAKING MONEY MAKE SENSE LEONARD NYAMBUYA

Asia While the G7 summit ended in chaos, in sharp contrast the carefully choreographed meeting of the Shanghai Cooperation Organisation (SCO) went on smoothly in China. While Trump clashed over tariffs with other G7 leaders, China orchestrated an agreed statement on trade and security between the countries attending its summit in the city of Qingdao. The summit was attended by China, India, Russia and other Asian countries. The SCO includes the worldâ&#x20AC;&#x2122;s two fastest growing major economies. China alone is expected to contribute around 30% of the total increase in global GDP over the next decade, with India accounting for another 10%, according to HIS Markit. Asia stocks were broadly lower with investors reluctant to take on risk before a big week. First up was the G7 meeting, over the weekend in Canada, and the growing risks that the United States will butt heads with its major trading partners. Those concerns overshadowed stock markets in Asia on Friday last week. Hong Kongâ&#x20AC;&#x2122;s Hang Seng index dropped 1.8% to 30,958.21, while Shanghai Composite was 1.4% lower at 3,067.15. Japan benchmark Nikkei 225 was 0.56% lower at 22,694.5 and South Koreaâ&#x20AC;&#x2122;s benchmark Kospi index was 0.77% lower at 2,451.58. Stocks in Singapore dropped 1.06% and in Taiwan they fell 0.85%. The benchmark in Australia S&P/ ASX 200 index was 0.2% lower at 6045.20. Emerging Markets Emerging markets were back in the spotlight as huge selloff characterised most trades. Poor growth, political turmoil, bubbling inflation, forthcoming elections and other problems in the rest of emerging markets space resulted in the flight of capital. This could an opportunity for bargain hunters in search for cheap currencies, stock and bonds following the rout sparked by concerns over a strengthening dollar and rising US yields. Stocks in China present a good investment opportunity, given the high growth rate, which is at 6.5% is still one of the highest in the world. The countryâ&#x20AC;&#x2122;s inclusion this month in MSCIâ&#x20AC;&#x2122;s indexes and a low correlation with developed equities also counts in favour of Chinese stocks.

The forward price to earnings ratio of stocks on Chinaâ&#x20AC;&#x2122;s main bourse in Shanghai dropped to 11.5 from 13.5 in January. They are now cheaper than emerging markets as a whole and substantially less costly than the MSCI World Index. Brazilian markets had their worst week this year with Sao Pauloâ&#x20AC;&#x2122;s main index dropping more than 5%. The dollar shot up 2.5% against the real the highest rate since March 2016. Virtually all Brazilian blue chips were down with Petrobras down 6.4%. Investors are worried about changes in Europe and the US (normalisation of monetary policy), that could see money flee from emerging markets to less risky places (flight to safety). Foreigners were net sellers in last weekâ&#x20AC;&#x2122;s trades. Brazil has also been hit by a perfect storm of bad news rec en tly: a truc kers strike downgraded growth estimates for the economy, polls suggest that nationalist candidates are ahead in presidential elections to be held in October, and market analysts say monetary authorities have lost confidence in navigating current storms. However there was a 4% surge after the central bank pledged to support the currency, helping to reduce fears of an emerging markets contagion. The rand dropped over 2% this week against the greenback in line with other emerging markets currencies. South Africaâ&#x20AC;&#x2122;s rand tumbled and bond yields soared as disappointing economic data last week persuaded investors and analysts that thereâ&#x20AC;&#x2122;s no chance of a rate increase any time soon. The rand has weakened 9.5% against the dollar since late February. There was a selloff of emerging markets and the ZAR is a victim of its own status, being the most liquid currency among its peers and a bellwether for emerging markets, took a strain. Several central banks have started increasing rates to stem any further sell off. The Reserve Bank of India increased its policy rate by 25 basis points to 6.25%, the first rate hike in four years, setting the stage for gradual tightening cycle as economic growth rebounds from a four-year low and price pressures build. Turkey raised interest rates again on Thursday last week in an effort to stem losses on the currency front. Within the emerging markets sentiment is positive on Asian

There was a selloff of emerging markets and the ZAR is a victim of its own status, being the most liquid currency among its peers and a bellwether for emerging markets, took a strain. Several central banks have started increasing rates to stem any further sell off economies with growth based on manufacturing or tech expertise but not those that produce raw materials, owing to a pricey dollar. For Latin America, Argentina looks the best of a messy lot. They reached a 50 billion bailout deal with the IMF on Thursday last week. In the outlook the odds are against the emerging markets. The US Federal Reserve looks set to proceed with its tightening policy, with another interest rate hike expected next week. As for other major central banks, bubbling inflation has the ECB considering its timeline for ditching bond purchases despite Italian politics. The bank of England could be on the verge of tightening amid healing growth, even as policy makers remain divided. African Stock Markets South African Equity Markets South Africa markets ended higher last week, amid weakness in the Rand and boosted by gains in banking and mining sector stocks. Gold miner, Sibanye Gold rallied 14.4%. Platinum miner, Impala Platinum Holdings jumped 8.1%, after the company announced more business opportunities at its Zimplats operations. On the flipside, Group Five featured amongst the top losers, slumping 18.9%. Entertainment companies, Sun International and Tsogo Sun Holdings plunged 7.8% and 7.3%, respectively. The JSE All Share Index advanced 1.6% to close at 58,223.72. Tanzania National Investment Company Ltd made a comeback at the Dar es Salaam Stock Exchange DSE on Tuesday last week with a total market capitalisation of Sh20.75 billion. The collective investment company listed 69 million shares at Sh300 per share. The company was delisted in 2011 after failing to observe continuous listing obligations. DSE traded down 0.22%. Egypt Sarwa Capital intends to list its shares on the Egyptian Exchange

at the end of the third quarter (Q3) of this year to finance a capital increase and partial exit of some of its major shareholders with a total value of 150 million Egyptian dollars. The EGX added 0.09%. Commodities Oil prices have jumped due to concern about a steep drop in exports from Venezuela. The price of Brent crude was up 2.2% a barrel at $ 77.00 on Thursday last week. Venezuela is nearly a month behind delivering oil to customers from its main export terminals, raising fears over global supplies. The country is in the mix of an economic crisis and faces threats of US sanctions over disputed elections. However surging output in the U.S and weakening demand in China might impact prices. Gold prices rose last week, following a broad weakness in the US Dollar and amid escalating trade tensions between the US and its allies, it climbed 0.1% to $1,298.87 an ounce. Copper prices traded in positive territory last week, due to potential supply disruptions, amid wage talks at the worldâ&#x20AC;&#x2122;s biggest mine, the Escondida copper mine in Chile. This week investorâ&#x20AC;&#x2122;s attention will be on the U.S. Federal Reserve meeting on Wednesday. O n Thursday the European Central bank will likely discuss the start of its monetary policy normalisation process. The geopolitical backdrop will also be on the radar, with the historic summit between the United States and North Korea taking place in Singapore on Tuesday. â&#x20AC;˘ NB: Currently there are no listed securities on the Maseru Securities Market (MSM), however there are ongoing discussions which could result in listings. Katleho Securities, (Members of Maseru Securities Market). For more information on Capital Markets Contact +266 27002418, 53230700, 68730055 l nya m b uya @ ka tl e h o.co. l s , securities@katleho.co.ls, www. katleho.co.ls Plot Number 12292-972 Mabelebele Street, Katlehong, Maseru, Lesotho

Ministry of Small Business Development, Co-operatives and Marketing

Public Eye

Friday June 15, 2018 3

Workplace&Careers

Adverts News

PUBLIC EYE JUNE 15, 2018

SolidarMed – Swiss Organisation for Health in Africa

POSITION ADVERTISEMENT Organisation

SolidarMed is a Swiss Organisation for Health in Africa with a clear vision and long-term experience in Lesotho. SolidarMed in Lesotho aims to contribute to a reduction in morbidity and mortality associated with HIV, TB, sexual and reproductive health, and non communicable diseases; and to generate and share scientific evidence for improved patient management and policy dialogue. Projects Accountant

Job Title

VACANCY

Place of Assignment Job Summary

The National University of Lesotho invites applications from suitably qualified candidate for the following post:

Maseru, with field trips to Butha-Buthe and Mokhotlong Districts.

•

Maintain and coordinate the implementation of accounting control procedures, including liaison with site offices for reporting and reconciliation; Ensure compliance with Lesotho Tax Regulations; Maintain financial databases, computer software system and manual filing system; Support the procurement process by ensuring correct procedures Manage petty cash and petty cash records; Assist in processing payroll, salaries and PAYE; Assist in processing Monthly, Quarterly, Annual/Financial Reports according to timelines and operational procedures; Assist in the evaluation process and preparation of contracts especially on the finance related issues; Any other related tasks which are required to execute the role.

• • • • • •

1. SECURITY AND SAFETY DEPARTMENT: POST NO. 1080: FIRE OFFICER II QUALIFICATIONS: A COSC Certificate or Equivalent plus Certificate in Pump Operator’s Training and Certificate in Rescue Systems Operators or Equivalent, with at least five (5) years experience in fire fighting operations.

•

A candidate must be physically and mentally fit, and be able to exercise good discipline. He/She must be able to assess and analyse risky situations and make sound decisions. He/She must be in possession of a valid Code C or C1 Driver’s License.

•

DUTIES: • Answerable to Chief Fire Officer; • Following Standard Operating Procedures for dealing with fires to conform to Safe Systems of work; • Knowing and understanding the fire equipment and the associated skills that are required to use it; • Writing reports of actions following any incidents; • Inspecting and operating the fire Engine, Fire Pumps and Fire Equipment including Ladders and Breathing Apparatus Sets; • Responding to fire and rescue calls; • Training staff and students on basic use of portable fire extinguishers; • Conscientising staff and students to prevent fire; • Conducting fire drills to contracted Fire Personnel; • Conducting emergency evacuation procedure exercises to staff and students; • Checking portable fire extinguishers and fire hydrants to ensure that they are in usable state at all times; • Supervising Fire Personnel in all fire activities; • Performing Fire and Occupational Health and Safety risks assessment and reporting them to Chief Fire Officer; • Performing any other relevant duties that might be assigned from time to time by relevant authorities.

Required Qualifications

B.com Accounting or General Accounting (GA) with at least two years of experience.

Experience

• • •

Application Instructions

Interested candidates should send their applications in hardcopy with reference “Projects Accountant ” to: Programme Administrator SolidarMed Lesotho Premium House #224 Kingsway Road Maseru-West

CONTRACT DURATION: The appointment for this post shall be on permanent and pensionable terms. INFORMATION REQUIRED FROM CANDIDATES Applicants are to address the stated qualifications and provide other information to assist the university to determine their suitability for the position. They should also quote the vacancy number of the of the post applied for, provide current CV’s (including telephone, telefax and email address) plus certified copies of educational certificates, transcripts and three typed references; two of which must be academic references. Applicants should inform their referees to submit their references directly to the address below, before the stipulated closing date. References addressed “TO WHOM IT MAY CONCERN” will not be considered as references. Application letters and references should bear signatures and must be addressed to: The Director – Human Resources, National University of Lesotho, P.O. Roma 180, Lesotho or emailed to: dhr@nul.ls.

We are looking for a professional, hard-working, pro-active, and very hands-on person,who enjoys working in a multi-national team. The person should have excellent communication and interpersonal skills and great organisational skills. Previous experience with an NGO is an added advantage; Experience and interest in capacity building ; Very good computer skills (Word, Excel, Power-point) and experience with accounting package especially Sage is added advantage.

Applications must include: Cover letter Curriculum Vitae Two professional reference letters Certified copies of academic and professional qualifications

• • • •

Closing date for receiving full applications for the position above is 30th June 2018. DISCLAIMER: If you do not receive any response within three months after the closing date, you must consider your application unsuccessful.

Closing Date

SolidarMed is an equal opportunity employer Deadline for submission is on or before 29th June 2018 @ 13:00hours. Only short listed candidates will be contacted.

KINGDOM OF LESOTHO

MINISTRY OF PUBLIC WORKS AND TRANSPORT

TENDER NOTICE The Ministry of Public Works and Transport – Building Design Services (BDS) invites tenders from Registered Categories “B” Contractors (Builder’s Work) and “A” Electrical Contractors for the following works: THE PROPOSED REFURBISHMENT OF LESOTHO COOPERATIVES COLLEGE – PHASE II IN MASERU - LESOTHO Tender Documents can be obtained from the Procurement Unit Office, Ministry of Public Works and Transport Headquarters, Moshoeshoe road, Maseru on payment of non-refundable deposit of amounts shown on the table below which may be made in Cash or Bank Guaranteed Cheque payable to “Government of Lesotho, Ministry of Public Works & Transport – Building Design Services (BDS)”. The date for collecting tender documents is from TUESDAY 12TH JUNE 2018 –WEDNESDAY 11TH JULY 2018 COMPLIANCE CRITERIA All prospective tenderers must attach to their tender Copies of Tax Clearance Certificate and Trader’s Licence certified at the issuing organizations. (ii) All schedules including Bills of Quantities must be completed in full. (iii) Where there is discrepancy between the amount in figures and words, the amount in words shall govern. (iv) Registered categories “B” (Builders Work) and (A) (Electrical work) contractors with Building Design Services. (v) All prospective tenderers must submit a refundable bid security of M150, 000.00 (ONE HUNDRED AND FIFTY THOUSAND MALOTI ONLY) (Builder’s Work Contractors) and M45,000.00(FORTY-FIVE THOUSAND MALOTI ONLY) (Electrical Work Contractors) in the form of bank guaranteed cheque or a letter from Accredited Financial Institution endorsed with a Revenue Stamp. See the table below. (i)

Item No 1

Label on properly sealed and signed Tender THE PROPOSED REFURBISHMENT OF LESOTHO COOPERATIVES COLLEGE – PHASE II IN MASERU LESOTHO (Builders Work) THE PROPOSED REFURBISHMENT OF LESOTHO COOPERATIVES COLLEGE – PHASE II IN MASERU LESOTHO (Electrical Work)

Bid Security Amount M150,000.00

Eligibility

M45,000.00

Category “A” Contractors

Category “B” Contractors

Non-refundable Tender Deposit M500.00

M300.00

NOTE: A margin of preference shall be granted in terms of the Public Procurement Regulations 2007, Clause 12(1), (2) and (3) and as such all tenderers must attach relevant information mentioned below with their tenders. (a) Certified copies of Company registration by Ministry of Trade and Industry, reflecting shareholding of all individual within the company. (b) Certified copies of Identification Documents (Ids) not a passport. THE TENDER AMOUNT SHOULD BE INCLUSIVE OF 15% V.A.T. THE TENDER WITHOUT IDENTIFICATION OF TENDER SHALL BE SUBMITTED, PROPERLY SEALED, SIGNED AND ENDOSERD “THE PROPOSED REFURBISHMENT OF LESOTHO COOPERATIVES COLLEGE – PHASE II IN MASERU - LESOTHO “BUILDER’S WORK” or “ELECTRICAL WORK” shall be deposited in the tender box situated at First Floor, Ministry of Public Works and Transport Headquarters, Industrial Area, Opposite Browns Wholesalers. THE CLOSING TIME OF THE TENDER IS 12.00 HRS ON WEDNESDAY 11TH JULY 2018 FOR PUBLIC OPENING AT 14:30 ON THE SAME DAY. A mandatory site inspection will be held on Tuesday, 26TH JUNE 2018 at 09:30 a.m. at Lesotho Cooperatives College – Maseru. Any company that is currently employed by the Ministry of Public Works and Transport (Building Design Services) in a project with a contract value of more than M15, 000,000.00 (Fifteen Million Maloti ) (Builders Work) and M1,500,000.00 (One Million, Five Hundred Thousand Maloti) (Electrical Work) will not be considered for the award of this tender. “THE GOVERNMENT OF LESOTHO - TENDER PANEL RESERVES THE RIGHT TO ACCEPT OR REJECT ANY TENDER AND IS NOT BOUND TO ACCEPT ANY TENDER WITH THE LOWEST PRICE OFFER”.

.…………………………………. P.S MoPW&T

Ministry of Small Business Development, Co-operatives and Marketing GOVERNMENT OF LESOTHO - MINISTRY OF PUBLIC WORKS AND TRANSPORT

Public Eye

Friday June 15, 2018

Business Eye News Cabinet team meets restive wool and mohair farmers Continues from page 1 Another farmer from Quthing, Tumisang Pule, said: “The LNWHGA have introduced this with a vision but along the way they dropped it, so we are confused on how the government is working on something that it doesn’t know. It was a good thought but the manner in which it was approached is wrong. The government has had some projects before and most of them failed so even this one is still going to take our money. “My question is why did they not consult us from the start? The government does not know anything about this business and they could have consulted us as we have been in this business for a long time. This Chinese man Shi is already a broker, so now he is just going to set prices that benefit him because he is already in this business. It is like having a wholesaler setting prices at a factory. We want Lesotho to export end products like clothes, not raw materials. We can build this store as farmers and we believe we have the potential as we contribute over M400 000 000.00” The LNWMGA said the Thaba-Bosiu “Lesotho Wool Centre” does not have the capacity for all the activities that the delegation of ministers has intended it to offer. They said in the beginning they did not agree on building just one building but at least four. “The Portfolio Committee on the economic and Development Cluster on the same Monday of the presentation made a promise to tabulate the society’s stance in the National Assembly on Wednesday the 30th of May 2018, where the association was invited to witness such but for reasons unknown to the association such discussion never happened, a situation that made the regulation be implemented unchallenged,” Mokhotlong MP Mr Khotsang Moshoeshoe said. Lesotho sheep and goat numbers average 1.1 million and .85 million or 850 thousand respectively, producing around 3 million kilograms (kg) of wool and .68 million (less than 700,000) kg of mohair respectively. These two fibres are the major agricultural exports from Lesotho providing the largest single monetary contribution to the national economy. To be able to enter the international market where they undoubtedly fetch market prices, they have to be classed (graded), weighed, packaged, branded and transported to designated warehouses where they are bulk classed, re-weighed, interlotted, subjectively and objectively measured or tested, and catalogued. S e e d e ta i l e d te c h n i ca l opinion piece on on your right for more information on why government’s move could be ill-advised.

Economic woes: What is wrong with us?

or more than 52 years of independence, Lesotho’s economy in real terms has not grown. Instead, the magnitude of underdevelopment and the pervasiveness of poverty are staggering, and getting worse. What is wrong with us Basotho? I am inclined to think that we are in this sad state of economic and social mess due to the kind of politicians we elect to parliament and to executive positions. I am also convinced that all political parties in Lesotho do not have policies that can turn around the country. It’s a pity some ministers in this country do not take advice from people who are knowledgeable in various fields. I have witnessed ministers making some business decisions that ended up failing despite costing the country millions of Maloti because they were not feasible to begin with. Until ministers in Lesotho learn to make business decisions and not political ones in deciding on ventures of a big magnitude, we are set to remain stuck in the ‘least developed nation’ status. Lesotho politicians do not seek information and knowledge before they advocate something to be done that will change the status quo. For example, all political parties in Lesotho, without exception, advocate the setting up a wool and mohair scouring plant in the country. This is undoubtedly a noble idea, but its feasibility is zero at this stage because of our land tenure system. Given the small size of the country and the communal grazing pastures available, and also given the small numbers of the sheep and goats, the quality and quantity of wool and mohair produce do not warrant a feasible scouring venture. People familiar with wool and mohair marketing know that some value is added to a kilogram of wool or mohair in the early stages of processing (scouring and combing). The reasons are: a) The early stages of scouring are highly capital intensive, b) Scouring and combing need economies of scale; they are high-volume low-margin businesses dependent on efficiency in factory utilisation if any profit is to be realised. A conventional scouring plant requires a minimum of 10 million kilograms of wool per annum yet Lesotho produces around three million kg wool and far less than one million kg mohair annually. c) Scouring and combing need a high throughput and a lot of noil (waste) is produced, d) Scouring takes large amounts of energy to heat water

and requires huge volumes of water. With the generally lax performance of Lesotho’s utility companies, one doubts the chances of ensuring these, e) Wo o l a n d m o h a i r scouring plants require capital intensive waste water treatment, f) Wo o l a n d m o h a i r processing is highly market dependent. Wool “tops” buyers a n d d ow n s t re a m p ro d u c ts buyers always have stringent specifications according to their needs. It becomes problematic to sell processed wool or mohair if these specifications are not met. No one can scour wool or mohair with the hope that someone will just buy the product; it does not work like that in the fibre market, and g) Due to (A – F) above, Lesotho will not be able to attract any investor/s to set up a wool and mohair scouring plant and Government cannot operate such a business. For reasons stated above a number of studies on the scouring plant recommended that the country had better increase the numbers of both sheep and goats, work hard to improve the wool micron range, and even harder to improve the quality of mohair. Following these recommendations, the so-called Wool Promotion Project was established, showing for the first time that relevant people could read reports and actively work on them. What this says is that our honourable politicians should not go public about things they do not understand and have no information on. Subsequent to the call for a wool/mohair washery, we now hear about a partnership between the Lesotho Wool and Mohair Growers’ Association and a Chinese firm called Maseru Dawning Trading (PTY) LTD. There are a number of things that do not make any sense to me about the venture: a) Why do Lesotho wool and mohair producers enter into a partnership with anybody when the bulk of the money that built the warehouse has been contributed by them, not the partner? b) What expertis e in wool marketing does the foreign partner bring into the venture? c) If the aim is to do pre-sale preparations hoping to cut off the so-called middle men, why don’t the farmers seek the services of knowledgeable people without getting into a partnership with them? d) How will the brokerage costs be curtailed if all wool and mohair requisite preparations will still be done in Lesotho given that they are highly capital intensive and our quantities are so low? (no

economies of scale) e) Most importantly, how will Lesotho fibres be sold, still in the international market, or will it be direct sales to certain firms in some country? f) If sold by open auction sales on the international market, which buyers have guaranteed participation in auctions held in Lesotho? g) Has there been any feasibility study conducted to ascertain p o s i t ive m a r ke t i n g a n d pricing of the fibres if sales are conducted in Lesotho? h) If it will be direct exports how will wool and mohair prices be determined? i) Are all producers agreeable to this partnership? Do they realise that some people just want to make money for themselves at a great expense of the poor farmers of this country? j) Why would anybody knowing how Lesotho’s wool and m o h a i r i n d u s t r i e s we re organised and built to the stage they are in today allow their eminent disorganisation and inevitable destruction? k) Since a partnership has unlimited liability, whose assets will be sacrificed in the event of bankruptcy? FACTS ABOUT LESOTHO WOOL AND MOHAIR MARKETING Lesotho sheep and goat numbers average 1.1 million and .85 million or 850 thousand respectively, producing around 3 million kg of wool and .68 million (less than 700,000) kg of mohair respectively. The two fibres are the major agricultural exports from Lesotho providing the largest single monetary contribution to the national economy. To be able to enter the international market where they undoubtedly fetch market prices, they have to be graded, weighed, packaged, branded and transported to designated warehouses where they are bulk classed, re-weighed, inter-lotted, subjectively and objectively measured or tested, and catalogued. The most vital stage in the whole wool story is the sale of the wool or mohair clip. The widely used method for the disposal of the clips is the open auction system. The Australian, New Zealand, South African, Lesotho and United Kingdom wool clips are disposed of this way. Between these countries their clips account for almost three-quarters of the wool entering the world trade. The system for auctions is one in which selling brokers, acting as agents for woolgrowers, arrange for systematic and orderly display of wool or mohair in respective warehouses. Proper display of the wool or

mohair and skilled examination by potential buyers are important elements in the system. Sales of wool and/or mohair produced in countries mentioned above are conducted locally except for Lesotho fibres, which are sent to the Republic of South Africa for sale there. There are two main reasons for this: 1) The small clip sizes: sheep and goats in Lesotho are raised for wool and mohair p r o d u c t i o n r e s p e c t i v e l y. Unfortunately, the communal rangelands render it difficult to substantially increase the per capita f lock sizes, hence the country produces just over three million kg of wool and less than one million kg of mohair. These quantities are too small to market cost-effectively. Back in the 1970s the wool industry resolved that, out of necessity, bigger lots must be built for sale. It was further resolved that apparel wools must be objectively measured (scientifically) to avoid faulty fabrics and resultant hefty claims made to the wool producers. Global wool marketing processes are determined by an industry body called the International Wo o l Tex t i l e O rga n i sa t i o n (IWTO). Wool users, wool buyers, traders, and wool producer countries are members for a membership fee of over 30 000 Maloti a year. Lesotho failed to acquire membership due to lack of funds so we were accorded an observer status only. What is lot-building and objective measurement: Lot-building (interlotting) is the placing together of wool bales of similar count and type belonging to different producers to form large even sale lots. This is purely for cost-effective handling and preparation of wool or mohair for sale. Lesotho has little of both ends of the micron range spectrum (fine wool that is sought by the market more, and strong wools). It would not be cost-effective to prepare it for sale without being interlotted with other wools of similar type and count. Objective measurement starts with wool samples taken from sale lots to allow various objective tests to be carried out. Two types of samples are taken namely; core samples and grab samples. Core sampling is done with specialised machines at the brokers’ stores and sent to the independent Test House for scientific testing (objective measurements). Coring machines are expensive pieces of equipment that would be unaffordable and underutilised if bought for use in Lesotho should the country’s fibres be prepared locally for sale. No wool gets into the international market without scientific test results.

Ministry of Small Business Development, Co-operatives and Marketing

Public Eye

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FridayJune June15, 8, 2018 57 Friday

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Ministry of Small Business Development, Co-operatives and Marketing

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Friday June 15, 2018

News Business Eye

Skilled confectioner has big dreams ’MASENTLE MAKARA

hutheho Leluma is a founder of PALM’s Confectionery which produces a variety of sweets from local fruits, milk and sugar. Business Eye this week had an oppportunity to speak to the budding confectioner. BE: Who is Phutheho Leluma? PL: I am a 31 years of age and a mother of two children born in Mafeteng Thabana-Morena Malumeng. I am the founder and owner of PALM’s Confectionery. B E : Te l l u s a b o u t y o u r educational background. PL: I have a diploma in home economics education from the Lesotho Agricultural College and a Bachelor of Science degree in Consumer Science and Hospitality. I was awarded a certificate in basic business management training in 2010 by Mine Workers Development Agency. BE: How did the business idea came about? PL: It started back at Lesotho Agric ultural College but the skills I acquired at the National University of Lesotho while doing a course in food product development taught by Dr Pulane Nkhabutlane really inspired me to venture into producing sweets. BE: When was the company established? P L : PA L M ’ s

Confectionery was established in August 2017. The name of the company was formed from the initials of my full names; Phutheho Anacletter Leluma Mots’epe. As a nutritionist, I have also decided to produce sweets that are different from the regular or common ones; I seek to produce sweets that are nutritional, of commercial value and can serve a medical purpose. For example, sweets with artificial sweeteners for diabetic people, and healthy sweets with important fruits like prickle pear and herbs like aloe vera to boost the medicinal properties. The business started by producing one variety of sweets namely; French fruit jellies, but now we have grown and improved and we are producing up to six (6) varieties of sweets - gummy fruit bears or babies, soft fruit gelatine jubes, fruit chews, marshmallows and toffees. I am still researching more and I have started making trials on hard candies. BE: Are you working? PL: I am not working; I am doing only this business and I don’t have any other businesses except this one. I am an entrepreneur by profession and given the high unemployment rate in the country I am one of the people who would like to improve the economy. BE: Are you a sole trader or you have business partners? PL: I am sole trader. Partnering with people is not a problem but I realised that this may affect my type of my business as most of the people I wanted to partner with thought this is not a proper business. I have two employees b u t t h e y a re

Leluma now produces up to seven different types of sweets temporary, they only help when I need to produce more. BE: What achievements can you talk about so far? PL: In the begging I was producing only a single variety of sweets but now there are seven of them altogether. In addition when I started I did not have much equipment like blenders so I was using sieves to make the fruit smooth but I was able to by a blender finally. Also in the beginning I did not have an idea of how one could make sweets for diabetic people but as time went on I was able to produce them. My business is doing very well. BE: How much are making? PL: I am making 30% profit in each packet of sweets, but I am not sure how much I’m making monthly because sometimes I do not produce much as some of the inputs get finished in the middle of the month which affects production. BE: How do you advertise your business? PL: I make sure I advertise to a few customers so that I will be able to satisfy their demand. In addition, I attended NULISTICE EXPO 2018 held at Pioneer Mall from 23 January to 26th January 2018. I also attended Post Bank Pitch competition that was held at the Institute of Extra Mural Studies (IEMS) in January 2018. Moreover I presented and displayed my products at the Council on Higher Educational Expo that was held at Manthabiseng Confession Centre between 22 and 23 February 2018. I go to the shops with my prototypes where I give samples to business owners who often ask me to produce more for them to sell. So far all the people I have visited have agreed to my proposal and I found this method of advertising to be very

successful. The other method that I use is through social media, that is, Facebook and WhatsApp and it has also proved to be successful. The problem is actually with my capacity and I failed to satisfy demand due to lack of resources. BE: Who is your inspiration? PL: My mentor and teacher Mr Topollo Lephats’oe, my family, my friends, my landlords Mr and Mrs Chabalala and my neighbours at Ha Leqele. BE: What else can you say about this business you have chosen? PL: The confectionery industry is very rare and unique in our country so it does not face much competition, not everyone can open this business as it has complicated recipes which need skilled people. But I am not able to produce more candies as I have little money to purchase enough material and ingredients; I also do not have appropriate equipment for producing more sweets and some recipes fail because of cheap equipment or cheaper ingredients. BE: How has friendship helped in your business? PL: Friendship is very important to my business as friends helped m e w i t h t h e i r m o t iva t i o n , financial support and some even volunteer to help me during production. They also help me a lot to advertise my products. BE: Is there any hobby which could have contributed to where you are today as an entrepreneur? PL: I like cooking, trying new recipes all the times and as professional researcher I spend a lot of my time researching about my business. I also enjoy gardening and talking business. BE: Have you tried any other business besides this one?

PL: I only produced ultramel once but I realised it needed many ingredients which I could not afford due to financial problems. BE: Do you mind sharing your ultramel recipe? PL: You just need; (1) whisk egg yolks and cornstarch to a smooth paste with a little of milk. (2) place the remaining milk and caster sugar in a separate microwave bowl (3) heat milk in a microwave until it boils. (4) remove from microwave and add yolk, corn-starch and milk paste. (5) whisk until thick and add vanilla essence to taste. BE: Are you planning to have other businesses except this one? PL: Yes, I am planning to have other businesses and I have ideas already, I have done the research about it and the trials were made to perfect the recipe but I have not produced for the market yet. I will not say much at this point. BE: Any advice for youth on business? PL: Simon Sinek once said: “Dream big. Start small. But most of all, start”. We have many people in our country with brilliant ideas but do not act on these ideas so I would like to advise them to start with the little that they have, that is where every entrepreneur starts. That will help most for the economic growth of our country. BE: What more can we expect from you? PL: This business aims to produce more for the whole country to an extent that the country stops importing sweets and get all varieties of sweets from my company and even export to other countries while employing as many Basotho as possible.

Ministry of Small Business Development, Co-operatives and Marketing

Public Eye

Friday June 15, 2018 7

Business Eye News

Don’t put all your eggs in one basket . . . visiting SA entrepreneur urges business diversity ’MASENTLE MAKARA

ASERU - Mohammed Tshose is a licensed diamond dealer, valuator and founder of Tshose Diamonds and Jeweller located at 225 Main Street Johannesburg Office 308G. The 34-year-old who was born in Rustenburg to a Muslim family and has four siblings was part of a delegation of businesspersons that attended the Mohau and the Success Masters Millionaires’ Cocktail power session recently. He drove all the way from Jozi to the Mountain Kingdom at the invitation of his friend, popular Maseru businessman and socialite Eddie Poone. Business Eye had an opportunity to sit down and chat with him about his experiences with entrepreneurship. BE: How did you become an entrepreneur? MT: My father had a grocery store and this is how I was exposed to entrepreneurship. Most of the parents of the Indian children I was attending school with were successful business people and it stirred the passion and drive for me to dream about going into business one day. BE: What was your first business? MT: My first business was a driving school which I was introduced to by a neighbor who had some experience. I managed to get a truck and a car for driving lessons but unfortunately the business didn’t grow due to lack of marketing. I then went into financial services offering people shortterm loans and the business was doing well even though it was against my religious beliefs which forbid getting interest. In the business faced a big knock due to a six months strike at platinum mines in Rustenburg. BE: What next did you do? MT: This was my turning point where I decided to go and study about diamonds and precious metals. I pawned my valuables to be able to attend diamond training, buy equipment, rent secure office space and apply for a diamond dealer’s license from the South African Diamond And Precious Metals Regulator. BE: How did you find the business? MT: Within three months I acquired the

Diamond Dealers License but had no money to buy diamonds from mines, tender houses and licensed diamond dealers. I had to sell my idea to investors, which I still whenever an opportunity arises. Most of the people who had interest in my idea end up taking my idea and following my steps since they have the resources instead of investing in my company but I still take it as a positive impact on people’s lives. I ended up changing the strategy by approaching small diamond dealers who have diamonds and offering them to cut and polish their diamonds to maximize their profit. I realized this was the way to go for me until such time that I would be able to buy my own diamonds and put a mark-up and sell them to secure running capital while the other ones are being cut and polished. I also offer diamond valuation services to individuals, companies and government. I made a Government Diamond Valuation proposal to the ministry of mining in Lesotho which was advertised but have no idea of the outcome yet. BE: How did you know about the MSM Millionaire cocktail power session? MT: I heard about MSM Millionaire Cocktail event through Mr Poone as he was invited as a guest speaker. Those power sessions or seminars have a positive impact on people and you learn from different entrepreneurs from different industries and, above all, you get the chance to network and access to information from experienced motivational speakers. BE: How important are friend in a business? MT: Friends are important in business since they have an impact on marketing your business directly or indirectly whether they are aware or unaware of it they generally advertise your business through word of mouth. I take inspiration and motivation from most people who started from nothing but today have something and use it to change people lives for the better and make a difference.

your current business? MT: I would say access to international markets is a major headache if you don’t have resources and time. If you sell your goods locally you’ll be paid less than when you sell abroad. Secondly, I would say capital, since the diamond industry is a multi-million dollar business one needs to have huge capital to be able to match competitors who have

PUBLIC EYE JUNE 15, 2018

been in the business for generations. I’m stating this fact because it is one of the challenges young or new entrepreneurs come across in many industries, especially in manufacturing. The market will always be there wether locally or internationally but market research is very important for one to understand where the business is going and based on that you’ll be able to do your sales projections.

Workpla

Private Bag A256 Maseru 100 Lesotho Tel. (09266) 317371 Fax. (09266) 310255

TENDER NOTICE WORLD VISION – Maphutseng ANIMAL GIFT CATALOG Tenders are invited from interested contractors of category B & C (according to MOWP categories) who had experience in Construction of Poultry Shelter (Layers). One Layer shelter is expected to be constructed at Maphutseng Hamakunyapane A compulsory site visit will be on Monday the 21st June, 2018. Contractors are expected to gather at South Region Offices in Mohale’s hoek opposite Pitso ground and near new police offices at 09:00 a.m. Tender documents will be available after the site visit for a non-refundable fee of M200.00 (two hundred Maluti) and refundable bid security fee of M7 000.00 (Seven Thousand Maloti) must be enclosed in the technical bid as bank guaranteed cheque. Sealed envelope bearing no identification of the tender, clearly marked Constructing of Layers Shelter under Maphutseng AGC: “World Vision Lesotho, P/Bag A256, Maseru 100, Lesotho, should be submitted at World Vision Lesotho Office, Maseru West opposite Machabeng High School. 1.1. Any attempt by you or your appointed advisers to inappropriately influence the Contract award process in any way will result in your Response being disqualified. Any direct or indirect canvassing by you or your appointed advisers in relation to this procurement or any attempt to obtain information from any of the employees or agents of the Customer Organisation concerning another tendering organisation may result in disqualification at the discretion of the Customer Organisation.

be kept confidential at the time the request is made. If the Customer Organisation considers the contents of the request not to be confidential, it will inform you and you will have the opportunity to withdraw the request. Bids must be separated into technical bid and financial bid; enclosed in one outer envelope bearing no bidder’s name labelled “Technical bid for Constructing of Maphutseng Layers Shelter”. The second inner envelope bearing bidder’s name and enclosing financial bid labelled “Financial bid for Construction of Layers Shelter for Maphutseng Farmers groups”. Submission of tenders should be on or before 28th June 2018 at 12:00 p.m the opening of tenders shall be at 12:30 hrs on the same day at World Vision Lesotho at Head Quarters opposite Machabeng College in Maseru. All contractors are advised to note that they are expected to be in compliance with their tax obligations by attaching copies of: § Income Tax Clearance Certificates § Certified Traders Licence § Company Profile § Relevant Certificates § Fleet registration certificate (with the name of the contractor or trader’s name.) § MOWP Certificate § Bit Security of M7000.00

BE: What do you consider as missing in NOTE: All documents should be certified at source. the diamond industry? World vision Lesotho does not bind itself to accept the MT: There is a huge gap in the diamond lowest or any tender nor assign reason for the acceptance or industry; a lot of work needs to be done. In 1.2. The Customer Organisation reserves the right to issue rejection of any tender. It is not a must for tenders to attend Lesotho, for instance, jobs can be created the response to any clarification request made by you to all the opening of the bids. However those that are willing to by implementing beneficiation of diamonds Tendering Organisations unless you expressly require it to do may do so. of which skill development will be required first. Diamonds should be valuated and be sold within Private Bag A256 the country so that people of Maseru 100 JUNE the country can be employed Lesotho in certain positions and it is very unfortunate for young Tel. (09266) 317371 SATURDAY entrepreneurs who would Fax. (09266) 310255 10:30 love to buy diamonds from Lesotho because it is not OFFICE & HOME FURNITURE APPLIANCES VEHICLES & MOTORBIKES possible unless they fly to 12x Office Visitors Cahirs 2x ‘14 Toyota Hilux 2.5D-4D SRX 4x4 D/C Sunbeam Water Dispenser Belgium to have access.

WAREHOUSE AND VEHICLE AUCTION

TENDER NOTICE

BE: Any advice for Basotho entrepreneurs, especially young people? MT: It is always good to diversify in business like the saying goes don’t put all your eggs in one basket. We should start manufacturing our own products and beneficiation which will create jobs, add value to the country’s resources and have a positive impact on the economy.

23xAP Swivel Office Chair 2x Defy Microwaves ’13 Toyota Hilux 2.5D-4D SRX 4x4 D/C WORLD VISION – Koeneng 5x Wooden Desks KIC Refrigerator ’08 Toyota Hilux 4.0 Raider 4x4 D/C 5x Glass/Wooden Cabinets DoubleofElectrical ‘08 Gwm 2.2 MpiTenders 4x4 P/U D/C from interested3x are invited contractors categoriesFryers C and D (according to DRWS categories) for extension of Corn 5xand Single ‘06 Toyota Hilux Exchange 4.0 V6 Raider 4x4 D/C water system (Mafotholeng ’MuelaElectrical villages) inFryers Berea District. 7x Wooden Cabinets 2x Wooden Shelf Cabinets Bosch 12PL Dishwasher ‘13 Suzuki DR 200 SE Motorbike 2x Boardroom Tables Defy 6kgst Front Loader ’13 Suzuki DR 200 SE Motorbike June 2018 (10:30 am at Corn Exchange). Contractors are expected to gather at A compulsory site visit will be on Thursday 21 Couches 4x Panasonic Air Conditioners 10x Sleeper Yamaha Quad Bike World Vision Berea Cluster 2 Office, TY main road (Matlong a Joang Ha Mohapinyane) at 09:00 a.m. Tender documents will be available after the site visit for a non-refundable fee of M200.00 (two hundred Maluti). MISCELLANEOUS

Lawn Mowers, Car Wash Machine, Speakers & Stand, Jumping Castles, Generators, Splash Back Tables, Screwdriver 1.1 Bids must separatedCables, into technical bid and financial bid; enclosed in one Vacuum. outer envelope bearing no bidder’s name Sets,beJumper LED Emergency Lights, Price Scales,

labelled: ENQUIRIES: 00266 627 83610 VIEWING: Thursday, 21 June 16:00) - Friday, 22 June (08:30 16:00) A. “Tender for Extension of Corn Exchange 2 Water System,”(08:30 and one- inner envelope enclosing technical bid and- bearing bidder’s name labelled “Technical bid for Extension of Corn Exchange Water System.’’ The second inner envelope bearing FLORIDA HA HOOHLO, LESOTHO bidder’s nameINDUSTRIAL, and enclosing financial bid labelled “Financial bidMASERU, for Extension of Corn Exchange Water System.’’ For listing, photos, T’s & C’sthe visit: Bidsregistration, that do not comply with submission requirements will notwww.aucor.com qualify.

CONDITIONS: Each has to by beyou registered in orderadvisers to bid.toAinappropriately refundable registration 1.2.buyer Any attempt or your appointed influence the deposit of M5 000 will be payable Contract upon registration. Payment by bank or bank guaranteed cheque or EFT. NO payable at border. award process in any way will result in your Response being disqualified. AnyCASH! direct Duty or indirect canvassing by you or your SUBJECT advisers TO CHANGE WITHOUT NOTIFICATION. Auctioneer: Jacques vdany Linde. appointed in relation to this PRIOR procurement or any attempt to obtain information from of the employees or agents of the Customer Organisation concerning another tendering organisation may result in disqualification at the discretion of the

Ministry of Small Business Development, Co-operatives and Marketing BE: What major challenges have you encountered in

Workplace&Careers

8 Friday 15, 2018 PUBLIC EYEJune JUNE 15, 2018

News Business Eye

Public Eye

Private Bag A256 Maseru 100 Lesotho

Wholesaler weekly report as at 2018/05/24 Tel. (09266) 317371 Fax. (09266) 310255

Private Bag A256 Maseru 100 Lesotho

Tel. (09266) 317371 Fax. (09266) 310255

TENDER NOTICE

WORLD VISION – Koeneng AP

WORLD VISION LESOTHO – LERIBE AP

Tenders are invited from interested contractors of categories C and D (according to DRWS categories) for extension of Corn Exchange water system (Mafotholeng and ’Muela villages) in Berea District. A compulsory site visit will be on Thursday 21st June 2018 (10:30 am at Corn Exchange). Contractors are expected to gather at World Vision Berea Cluster 2 Office, TY main road (Matlong a Joang Ha Mohapinyane) at 09:00 a.m. Tender documents will be available after the site visit for a non-refundable fee of M200.00 (two hundred Maluti). 1.1 Bids must be separated into technical bid and financial bid; enclosed in one outer envelope bearing no bidder’s name labelled: A. “Tender for Extension of Corn Exchange 2 Water System,” and one inner envelope enclosing technical bid and bearing bidder’s name labelled “Technical bid for Extension of Corn Exchange Water System.’’ The second inner envelope bearing bidder’s name and enclosing financial bid labelled “Financial bid for Extension of Corn Exchange Water System.’’ Bids that do not comply with the submission requirements will not qualify. 1.2. Any attempt by you or your appointed advisers to inappropriately influence the Contract award process in any way will result in your Response being disqualified. Any direct or indirect canvassing by you or your appointed advisers in relation to this procurement or any attempt to obtain information from any of the employees or agents of the Customer Organisation concerning another tendering organisation may result in disqualification at the discretion of the Customer Organisation. 1.3 The Customer Organisation reserves the right to issue the response to any clarification request made by you to all Tendering Organisations unless you expressly require it to be kept confidential at the time the request is made. If the Customer Organisation considers the contents of the request not to be confidential, it will inform you and you will have the opportunity to withdraw the request. Submission of tenders should be on or before Wednesday 27th June 2018 at 12:00hrs. The opening of tenders shall be at 12:30hrs on the same day at World Vision Lesotho Headquarters opposite Machabeng High School/College in Maseru. All contractors are advised to note that they are expected to be in compliance with the following documents by attaching copies of: Refundable Bid security of M 7,000.00 must be enclosed in the technical bid as bank guaranteed cheque. § Income Tax Clearance Certificates § Certified Traders Licence § Company Profile § DRWS Certificate § Fleet registration certificate (with the name of the contractor or trader’s name.) All certified at their source.

Tenders are invited from interested contractors of category B (according to Ministry of Works and Public Transport category) for construction of Two Classrooms at Bolahla Primary School in Leribe District. A compulsory site visit will be on Friday the 22th June 2018. Contractors are expected to gather at Leribe office – Hlotse Opposite to Education Office at 9:00 A.M OR be at Bolahla Primary at 9:30 A.M. Tender documents will be available only at Matlameng AP office Leribe after the site visit for a non-refundable fee of M200.00 (Two hundred Maloti only) and a refundable Bid Security of M 7000 (Seven Thousand Maloti), must be enclosed in the technical bid as bank guaranteed cheque. Sealed envelopes bearing no identification of the tenderer, clearly marked Bolahla Primary School construction addressed to: “World Vision Lesotho, P/Bag A256, Maseru 100, Lesotho, should be submitted at World Vision Lesotho Office, Maseru West, opposite Machabeng High School. Bids must be separated into technical bid and financial bid; enclosed in one outer envelope( A3) bearing no bidder’s name labelled “Tender for construction of Two classrooms at Bolahla Primary School ”. One inner envelope (A4) enclosing technical bid and bearing bidder’s name labelled “Technical bid for Bolahla construction”. The second inner envelope (A4) bearing bidder’s name and enclosing financial bid labelled “financial bid for construction of classrooms at Bolahla Primary School”. Submission of tenders should be on or before Friday 29th July 2018 at 12:00 noon. The opening of tenders shall be at 12:30hrs on the same day at World Vision Lesotho Headquarters opposite Machabeng College in Maseru. All contractors are advised to note that they are expected to be in compliance with their tax obligations by attaching copies of: § § § § § §

Income Tax Clearance Certificates Certified Traders Licence Company Profile All certified at their source. Fleet registration certificate (with the name of the contractor or trader’s name.) Ministry of MPWT Certificate

All certified at their source. World Vision Lesotho does not bind itself to accept the lowest or any tender nor assign reason for the acceptance or rejection of any tender. It is not a must for tenderers to attend the opening of the bids. However those that are willing to do may do.

Ministry of Small Business Development, Co-operatives and Marketing

World Vision Lesotho does not bind itself to accept the lowest or any tender nor assign reason for the acceptance or rejection of any tender. It is not mandatory for bidders to attend however those who wish to may do so.