A. Privatisation
Transactions by Privatisation Unit
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Sale of
shares
(Section 9(1)(a) Privatisation Act)
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1. |
Security Lesotho |
1995 |
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2. |
Avis Lesotho |
1998 |
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3. |
Lesotho Flour Mills |
1998 |
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4. |
Minet Kingsway |
2000 |
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5. |
Lesotho Telecommunications Corporation |
2000 |
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6. |
Vodacom Lesotho |
2000 |
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Sale of
Business
(Section
9(1)(b) Privatisation Act)
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7. |
Plant and Vehicle Pool Services |
1999 |
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8. |
Lesotho Airways Corporation |
1997 |
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9. |
Lesotho Bank |
1999 |
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Sale of
assets
(Section 9(1)(c) Privatisation Act)
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10. |
Orange River Lodge |
2000 |
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11. |
Plant Pool Workshop |
2000 |
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Leasing
(Section 9(1)(d) Privatisation Act)
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12. |
Marakabei Lodge |
1998 |
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Management
Contracts
(Section
9(1)(f) Privatisation Act)
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13. |
Maluti
Highlands Abattoir
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1997
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14. |
Loti Brick
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1999
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15. |
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2000
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Contracting
out of services
(Section
9(1)(g) Privatisation Act)
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16. |
LTC Cleaning Services |
2000 |
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17. |
LTC Security Services |
2000 |
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18. |
LTC Sanitary Services |
2000 |
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Liquidations
(Section 9(1)(h) Privatisation Act)
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19. |
Lesotho Agricultural Development Bank |
1998 |
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20. |
Lesotho Airways Corporation |
1999 |
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21. |
Lesotho Bank |
2000 |
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22. |
IFTS: American Express |
1998 |
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23. |
IFTS: Travel Services |
1998 |
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Transformation of a parastatal
thereof… into another form of a parastatal
(Section 9(1)(a) Privatisation Act) |
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24. |
Lesotho Building Finance Corporation – merger into Lesotho Bank |
1995 |
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25. |
WASA: Pit Latrine and Septic Tank Emptying Services |
2001 |
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B.
Shareholding Structure of Privatised Enterprises
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Name |
Sector |
Year |
Method |
Investor shareholding |
Govt. Shareholding |
Investor Nationality |
Name of Investor |
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Marakabei Lodge |
Hotel/Tourism |
1998 |
sale of business |
100 |
0 |
Lesotho
/South Africa |
MCM Enterprises |
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International Freight
& Travel Services (IFTS)-Avis Rent A Car |
Transport |
1998 |
Sale of business |
100 |
0 |
South Africa |
Avis Southern Africa |
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International Freight
& Travel Services (IFTS)-American Express |
Transport-Travel
Agency |
1998 |
Liquidation |
100 |
_ |
_ |
_ |
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International Freight
& Travel Services (IFTS)- Freight Services |
Transport- |
1998 |
Liquidation |
100 |
_ |
_ |
_ |
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Lesotho Flour Mills |
Agroindustry |
1998 |
Sale of Shares |
51 |
49 |
United States of
America |
Seaboard Overseas
Limited &
Saxonvale Investments Limited |
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PVPS Plant Pool
Workshop |
Transport |
2000 |
Sale of Assets |
100 |
0 |
Lesotho |
Mr.J.Ralebitso |
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Plant and Vehicle Pool
Services (PVPS) |
Transport- Government
Fleet |
2000 |
Sale of business |
100 |
20 |
South Africa
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Imperial Group |
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Lesotho Agricultural
Development Bank |
Financial |
1998 |
Liquidation |
100 |
_ |
_ |
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Lesotho Bank |
Financial |
1999 |
Sale of business |
70 |
30 |
South Africa |
Standard Bank |
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Orange River Lodge |
Hotel/Tourism |
2000 |
Sale of Assets |
100 |
0 |
Lesotho |
Mr. G. Kou |
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Lesotho Airways
Corporation |
Transport-Airline |
1997 |
Sale of busines |
100 |
0 |
South Africa |
Rossair Contracts |
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Minet Kingsway |
Insurance |
2000 |
Sale of Shares |
80 |
20 |
Netherlands |
AON Holding |
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Telecom Lesotho |
Communications |
2000 |
Sale of shares |
70 |
30 |
Eskom Enterprises-
South Africa /Econet Wireless -Zimbabwe /Telecom Mauratius |
Mountain
Communications (Pty) Ltd |
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Vodacom Lesotho |
Communications |
2000 |
Sale of shares |
12 |
0 |
Lesotho |
Sekhametsi Consortium |
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Lesotho Building
Finance Corporation |
Financial |
1995 |
Merger |
100 |
100 |
Lesotho |
Lesotho Bank |
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Maseru Private Hospial |
Health |
2001 |
Management contract |
100 |
100 |
South Africa |
Lenmed |
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Security Lesotho |
services |
1995 |
Sale of Shares |
100 |
0 |
Lesotho |
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Lesotho Building
Finance Corporation |
Financial |
1995 |
Merger |
100 |
100 |
Lesotho |
Lesotho Bank |
C. Other Activities of
the Privatisation Project
1.
Establishment
of the Commercial Court. 2000
2.
Entrepreneurship Training Programme
1996-2000
3.
Establisment of
the Lesotho Unit Trust 2001
D. Enterprises to be Privatised
1.
Loti Brick
2.
Basotho Fruit and
Vegetable Cannery
3.
Maluti Highlands
abattoir
4.
Water and Sewerage
Authority
E.
Agricultural Enterprises to be Advertised after Cabinet Approval
1.
Feedlot
2.
Poultry Plant
3.
Wool and Mohair
Marketing - 95 Processing and Collection Depots
4.
Technical Operation
Unit – at least 1 per district
5.
Veterinary Services
– At least 1 per district
6.
Mejametalana Farm
7.
Tšalitlama Farm
8.
Tšakholo Farm
9.
National Pig
Breeding Herd Farm
10.
Mokhotlong Sheep
Stud
11.
Quthing Sheep Stud
12.
Molimo-Nthuse Pony
Trekking Centre
13.
Thaba-tseka Pony
Centre
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