THE
PRIVATE SECTOR ADVISORY COMMITTEE MEETING
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PRESS RELEASE PRIVATISATION UNIT 2nd Floor Lesotho Bank Mortgage Division Private Bag A249 Maseru.100 Contact: Makalo Ntšasa Tel:317902 Fax:317551 Email:mntsasa@adelfang.co.za For immediate Release Wednesday, 11th December 2002. THE PRIVATE SECTOR ADVISORY COMMITTEE MEETING 1. The Private Sector Advisory Committee (PSAC) held yet another important meeting at Lesotho Sun today in its series to monitor progress of the implementation of the privatisation process of state owned enterprises in Lesotho. PSAC, which was created under the Privatisation Act to advise Government on the implementation of the Privatisation process in Lesotho, is a body comprising the Government and other representatives from the private sector such as the Trade Unions, Women Associations, Lesotho Manufactures Associations and the Association of Lesotho Employers. 2. The meeting was informed that there had been delays in the plans to privatise Lesotho Electricity Corporation (LEC). The contract of Interim Management Task Force (IMTF) that has been managing LEC since February 2001 ended at the end of July 2002. As a result of the delay, however, a new Caretaker Management Contract had been signed with SAD-ELEC to the continuation of the management team up to the expected commencement of the new strategic investor in LEC. The Committee raised concern about the possible financial implications of the extended Caretaker Management Contract to the Government, and advised that necessary steps be taken to reach a conclusion about the future management of LEC as soon as possible. 3. Regarding the progress on the advertised privatisation of 16 agricultural enterprises, the committee was informed that the proposals were being considered taking into account legal requirements according to the Land Act, and recommendations would be submitted to Cabinet in the new year. 4. The meeting learned that a delegation of officers from the Government and the private sector had taken an exploratory trip to assess the situation on the ground and to sensitise the communities living in proposed pilot sites for the Multi-Utility Project. The Project aims at delivering a development package comprising provision of electricity, telephones and water services to rural communities. The proposed pilot sites for the project are at Dilli-Dilli, Ha Seshote, Mapholaneng, Semonkong and Linakeng. 5. The committee noted that the public awareness campaign of the Lesotho Unit Trust is having a positive impact on the public as the latest statistics indicate that the fund size has increased by 70 percent to the amount of M28.1 million. The committee urged that the campaign be intensified to attract more Basotho investors as the recent upward trend shows the potential to invest. KOPANO EA KOMITI EA BOELETSI EA LEFAPHA LA PHETISETSO EA LIKHOEBO TSA ‘MUSO SECHABENG 1. Komiti ea Boeletsi ea Morero oa Phetisetso ea Likhoebo tsa ‘Muso Sechabeng (Private Sector Advisory Committee), e bile le kopano ea bohlokoa e neng e tšoaretsoe Hoteleng ea Lesotho Sun kajeno. Komiti ena, e thehiloeng ka baemeli ba ‘Muso esita le ba mekhatlo e ‘maloa e ikemetseng, mosebetsi oa eona ke ho eletsa ‘Muso mabapi le leano la tlhopho-bocha likhoebong tsa ‘Muso. 2. Kopano e ile ea tlaleheloa ka tieho e bileng teng mabapi le tokisetso ea thekiso ea Koporasi ea Motlakase ea Lesotho (LEC). Komiti e ile ea tlalaheloa hore tumellano ea tsamaiso ea Nakoana ea LEC (Interim Management Task Force) e qalileng ka khoeli ea Hlakola ngoahola e ile ea felloa ke nako empa ea tlameha ho eketsoa ‘me e se e tsoela pele tlasa tsamaiso ea Caretaker Management Contract ho fihlela LEC e le matsohong a ikemetseng. Komiti e ile ea bontŝa e tŝoentsoe ke litŝenyehelo tsa lichelete thekisong ea Koporasi, ‘me ea khothaletsa hore tharollo ea mathata a bakang tiehiso ena a mpe e fihleloe kapele. 3. Kopanong ena, ho tŝohluoe hape le ntŝetso-pele thekisong ea likhoebo tsa temo. ‘Me Komiti ea tlaleheloa hore likēto tse teng, li ntse li hlahlojoa ho ipapisitsoe le Molao oa Mobu oa Naha, ‘me likhothaletso mabapi le thekiso ea likhoebo li tla tekoa Lekhotleng la Matona isao. 4. Komiti e ile ea ithuta ka moifo oa liofisiri tsa ‘Muso tse bileng leetong la boithuto malebana le morero oa ‘Muso oa ho atolosa litŝebeletso tsa metsi, mehala le motlakase tlasa Morero oa Multi-Utility Project. Morero oa Multi-Utility Project ke motsoako oa likhokelo tsa litŝebeletso tsa metsi, motlakase esita le mehala mahaeng. Metse e reretsoeng lintlafatso tsena ke Dilli-Dilli, Ha Seshote, Mapholaneng, Semonkong le Linakeng. 5. Ho feta moo, Komiti e ile ea thoholetsa Letŝolo la Liphatlalatso la Ngatana ea Liabo (Lesotho Unit Trust) le bontŝang katleho kaha mokotla oa lona o se o fupere Limilione tse Mashome a Mabeli a Metso e robeli a Maloti (M28. 1 million). Komiti e ile ea khothaletsa hore Letšolo le matlafatsoe kaha Basotho ba shebahala ba ikemiselitse ho tsetela. |
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