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PRIVATISATION OF MARAKABEI LODGE

PRESS RELEASE

PRIVATISATION UNIT
2nd Floor
Lesotho Bank, Mortgage Division Bldg.
Private Bag A249
Maseru 100
Contact: Makalo Ntsasa
Tel: 317902 Fax: 317551
E-mail: mntsasa@adelfang.co.za

For immediate release
Thursday, 6th September, 2002


PRIVATISATION OF MARAKABEI LODGE

1. The Government of Lesotho and MCM Enterprises signed a Sale Agreement to give effect to the privatisation of Marakabei Lodge in keeping with Government’s Policy of restructuring the economy by individual private sector participation.

2. The signing of the Sale Agreement follows approval of the Government of Lesotho for the sale of Marakabei Lodge to MCM Enterprises for the amount of M340, 000.00 that was granted in November 2001.

3. MCM Enterprises is a local company owned by a Mosotho businessman Mr. Mosuoe Moteane. Up to now, Marakabei Lodge has been sub-leased by the Government to MCM Enterprises since April 1998 after initial efforts to sell the lodge had been unsuccessful as the bids received were found to be too low. The Lodge had been non-operational from 1992 until when it was sub - leased to MCM Enterprises in April 1998 under the privatisation programme.

4. MCM Enterprises expressed interest to purchase the Lodge in 2000, as a result the Lodge was readvertised for sale. In response one bid was received from MCM Enterprises and the Government entered into negotiations accordingly.

5. The intention of the new owners is to develop the Lodge, which is strategically placed along the scenic mountain route between Ha Mohale and Katse. The sale of the Marakabei Lodge is in line with the Government policy of encouraging Basotho entrepreneurs to participate in the shareholding of privatised companies.


THEKISO EA NTLO EA BAETI EA MARAKABEI LODGE

1. ‘Muso oa Lesotho o tekenetse tumellano ea ho rekisa ntlo ea baeti ea Marakabei Lodge le khamphani ea Mosotho ea MCM Enterprises maobane. Tumellano ena e latela Leano la ‘Muso la Tlhopho-Bocha ea Moruo ka ho kenyeletsa likhoebo tse ikemetseng.

2. Tekenelo ena e latela kananelo ea ‘Muso ea Thekiso ea Marakabei Lodge ho MCM Enterprises ka chelete e kalo ka Maloti a Makholo a Mararo le Mashome a mane a likete (M340, 000.00). Thekiso e ananetsoe ke ‘Muso khoeling ea Pulungoana ngoahola. MCM Enterprises ke khamphani ea rakhoebo oa Mosotho e leng Monghali Mosuoe Moteane.

3. Ntlo ea Baeti ea Marakabei Lodge e ne e ile ea lula esa sebetse ho tloha selemong sa 1992 ho fihlela khoeling ea ‘Mesa 1998, moo e ileng ea hirisetsoa MCM Enterprises tlasa Morero oa Phetisetso ea Likhoebo tsa ‘Muso Sechabeng.

4. MCM Enterprises e bontšitse thahasello ea ho reka Marakabei Lodge ka selemo sa 2000, kamora hore Thekiso ea Ntlo ena ea Baeti e phatlalatsoe lekhetlo la bobeli maselinyaneng. Ke moo ho bileng le moikêti a le mong e leng MCM Enterprises, ‘me lipuisano le ‘Muso mabapi le thekiso ea khoebo ena tsa tsoela pele.

5. Bokemisetso ba mong’a Marakabei Lodge ke ho ntlafatsa Ntlo ena ea Baeti, e lutseng sebakeng se khahlang mahlo ka hare ho maloti a Lesotho pakeng tsa Letamo la Mohale le la Katse. Leano la ‘Muso oa Lesotho ke ho khothaletsa Basotho ho nka karolo phetisetsong ea likhoebo tsa ‘Muso sechabeng.
 

© 2002- Privatisation Unit - Lesotho

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