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LNDC To RescueMinister’s Failing Mine

MASERU – Allegations have emerged that Minister of Local Government, Police and Home Affairs, Lebona Lephema, is pushing the Lesotho National Development Corporation (LNDC) to rescue his struggling diamond venture with M108 (approximately USD6.09 million)million of public money.Sources within Mothae Diamonds told Lesotho Tribune on condition of anonymity that the mine has been technically insolvent for months and that workers have borne the brunt of the financial crisis. “Kenny (Lebona’s son) informed us that LNDC will rescue the mine with the…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...

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| Independent business & current affairs journalism · Lesotho