Private Sector Foundation of Lesotho


Th inception phase of PSFL: 2008/09 to 2012.

 Some of the major achievements of this inception phase are the following:

  • The PSFL and Business Council of Lesotho (BCL) have provided an institutionalized dialogue mechanism between the Government of Lesotho and the Private Sector. The Business Council of Lesotho is chaired by the Hon. Prime Minister. The issues discussed covered legislative, development policy, public service delivery, Public Private Partnerships and National Economic Empowerment (NEE) issues
  • Public service delivery and productivity campaigns with introduction of Flexible work hours at Government Ministries, where services should be provided to the Private sector even during lunch hours and removal of computer games within GOL office computers.
  • Agreement on speeding up payments from Government to private sector service providers, removal of stamp duty on registration of bonds,   prioritization of youth development in Lesotho and advocating for adoption of the “National Economic Empowerment” (NEE)  policy in Lesotho.
  • Co-organising the bi-national Lesotho – South Africa business linkages forum with LNDC that was held on 13 August 2010, during State visit of President Jacob Zuma of South Africa to Lesotho (August 12 – 13, 2010). The letter of intent on Lesotho Highlands Water Project – LHWP – Phase 2 was signed during this state visit.
  • Pursuing implementation of memorandum of understanding (MoU) on Economic Co-operation signed by the Ministries of Trade and Industry Lesotho and South Africa (12 August 2010). This MoU is implemented by Ministries of Trade and Industry of both Countries in partnership with organized business.
  • Co-organizing a Strategic Economic Empowermentforum with assistance of LEAP, which developed a “draft private sector strategy for LHWP Phase 2”, March 2011. This strategy identifies business opportunities in the Lesotho Highlands Water Project (LHWP) phase 2 -2011-2020. PSFL collaborates with LTDC, LNDC, the Consortium of Consultants and BEDCO in pursuing this strategy.
  • The SACU Business Forum, as a Lesotho initiative that was proposed at the SACU Regional Meeting, Johannesburg (29 July 2011). The proposal that SACU should engage with the private sector and other Non-State Actors (NSA’s) was accepted by the SACU Council of Ministers meeting, Maseru, Lesotho (16 September, 2011). 
  • Hosted Business and Investment Seminar with Japanese Chamber of Commerce South Africa in March 2012.
  • Signed MoU with Bloemfontein/ Mangaung Chamber of Commerce and Industry on the 26th July, 2012