Money&Business

Money&Business Road traffic fees to be paid via bank >> Pg 4 HEALTHYLiving Dr Letsie suspended >> Pg 9 Bantu sweat on new deals for star duo News you can use Tel.: 266 2232 5494 | [email protected] | [email protected] | Est. 2017 July 30 - August 5, 2020 >> Pg 23 TOUGH TIMES AHEAD IN LESOTHO’S ECONOMY>> Pg 2 The number one reason people fail in life is because they listen to their friends, family, and neighbors. ~Napoleon Hill The Metro, Florida Industrial Park, Ha Hoohlo, Maseru. P.O.Box 14129, Maseru 100, Lesotho. Thursday, July 30, 2020 2 NEWS On This Day in Not 239 scientists one to shy away from the public course during happy and sad moments, the Matekane Group of Companies (MGC) saw Coronavirus as another public enemy to be fought within its usual social In an open letter published responsibilityF drive,ast albeit this time the pandemic is a global crisis. When the company led by Chairman Sam Matekane donated 3 000 History face masks and 40 containers of 25litre hand on July 6, 2020 in the sanitizers worth M250 000, it was just an appetiser. The main course did not take long beforeF it landed.A A M30C millionT upgrades of government laboratories to enable testing of suspected coronavirus cases which came journal Clinical Infectious Tough times ahead in in the form of equipment that would allow the health ministry to run a minimum of 1 000 tests 1988 per day. Diseases, 239 scientists from around the world urge WHO and other health agencies to be more forthright in explaining the potential airborne transmission Lesotho’s economy of coronavirus. In the letter, scientists write that studies "have demonstrated beyond any NEO SENOKO reasonable doubt that viruses are released [email protected] during exhalation, talking, and coughing in microdroplets small enough to remain aloft MASERU - Tough times lie ahead in air and pose a risk of exposure at distances beyond 1 to 2 meters (yards) from an infected of Lesotho’s economy as the rate of individual." inflation is expected to keep rising until 2022. King Hussein dissolves Jordan's Parliament, Jargon surrenders Jordan's claims to the West Bank to the That means consumers should Palestinian Liberation Organization. prepare for a continuous increase in the cost of living as the prices of Buster 1863 goods and services rise while the Business Plan value of money further declines. Henry Ford, the man who founded the Ford Motor This was reported by the This is your tool for demonstrating how you Company, was born on July 30. Central Bank of Lesotho (CBL) on want to establish your small business and how you plan to grow it into good financial health. Directory Tuesday through its Monetary Policy When writing a business plan, it should Committee (MPC) that the rate of include financial, operational, and marketing 1. Child Helpline: 80022345 goals as well as how you plan to get there. The 2. Crime Hotline: 22313337 inflation increased from 4.0 per cent more specific you are with your business plan, 3. WASCO: 22262000 in May to 4.9 per cent in June. the better prepared you will be in the long run. 4. LEC: 52100000 This, the MPC says was mainly 5. Police Station: 22317262 6. Airport: 22350777 due to an increase in the prices of 7. MRTO: 2232 5494 food and non-alcoholic beverages, 8. Ombudsman: 22316425 clothing and footwear, furnishings, Cracks 9. Metro News Tips: 2232 5494 household equipment and routine CONCERNED: CBL Governor Dr Retšelisitsoe Matlanyane 10. Border Control: 22325740 maintenance of the house, recreation I Have Fallen Essentials and culture, education and alcohol Matlanyane said on Tuesday when Matlanyane said is conditional on and tobacco. publicising the MPC statement. developments related to Covid-19 A newly posted parish pastor discovered that 1. Trader’s License: M1000+/- everyone who comes to confess his or her sin 2. Company Certificate: Free In terms of the outlook, the The MPC notes that general containment. The recovery will is guilty of "I Have Fallen". 3. Travel Passport: M130 - M400 annual inflation rate is projected economic performance in the second also come largely at the back of a He waited to understand what the clause 4. National ID: Free to register 4.2 percent in 2020 quarter remained weak, with output strong rebound in the mining and could mean to the people. But all efforts on 5. Driver’s License: M200 before increasing to 4.7 percent declining by 1.2 percent in May construction industries and other the contrary did not help matters. He then 6. Car Registration concluded that the bad road in the vicinity Certificate: M135 - M265 and 5.2 percent in 2021 and 2022 relative to 1.3 percent decrease in domestic policy responses to the might be the reason for people to fall. 7. Number plate: M60 - M400 respectively. April. pandemic. As a result, he went to the Mayor to 8. Special permit: M60 - M400 The outbreak of Coronavirus The decline reflected restricted To support the dwindling complain about the roads in the Council: 9. Fitness: M120 - M400 pandemic has been labelled as one of domestic and international economic economy, the CBL has taken various "Sir, your roads are bad. My parishioners are always hurt. They keep confessing ‘I have the major economic setbacks not only activity due to lockdowns, it says. measures that include cutting its Fallen’". in Lesotho but across the globe. With the annual inflation policy rate from 6.25 in March to 3.75 The Mayor who knew what " I Have Technology “The outbreak of the coronavirus projection of 4.2 percent this year, in May. Fallen" meant for the people burst into pandemic continues to devastate domestic economy is also projected The rate has recently been cut laughter. The priest was embarrassed and to contract by 5.7 percent in 2020. again from 3.75 to 3.50 percent per said: communities and disrupt economic "Even your wife is a victim of the bad activities in many countries across “The output contraction is annum. road and you are laughing". the globe, more especially in major expected to be led by a decline in Set at this level, the CBL The man got mad because he understood and developing economies. economic activity in the textile and emphasised that the rate will ensure that his wife had cheated on him. “While Lesotho was the last clothing industry (-25.4 percent), that the domestic cost of borrowing "I Have Fallen" the people use to refer to sin of adultery/fornication. country to register confirmed cases construction industry (-20.9 per and lending remain aligned with the on the continent, the number of cent) and mining industry (-27.6 cost of funds elsewhere in the region. infections is rising exponentially and percent),” Matlanyane revealed. The Net International Reserves READ threatening to put pressure on the The domestic economy is (NIR) floor has also been increased www.maserumetro.com A new artificial eye mimics and may outperform Online human eyes healthcare system. however, projected to slightly from US$530 million to US$550 “Sadly, fatalities have also started recover in the medium-term and million. The NIR target remains • Liquor businesses urged to Scientists can’t yet rebuild someone with bionic body comply with regulations parts. They don’t have the technology. But a new to pick up. Indications are that the grow at an average growth rate of 5.1 consistent with the maintenance of artificial eye brings cyborgs one step closer to reality. worst of the pandemic is still ahead,” percent over the period 2021-2022. the exchange rate peg between the • Lesotho sees surge in illicit This device, which mimics the human eye’s the CBL Governor Dr Retšelisitsoe The growth recovery, loti and the South African rand. structure, is about as sensitive to light and has a cigarette trade faster reaction time than a real eyeball. It may not • Airlink, ICAO hand over PPE to come with the telescopic or night vision capabilities that Steve Austin had in The Six Million Dollar Man airport fire fighters television show, but this electronic eyepiece does have path by the middle of this decade, the potential for sharper vision than human eyes, Global growth potential tumbles Fitch said. researchers report in the May 21 Nature. “In the future, we can use this for better vision A weaker outlook for capital prostheses and humanoid robotics,” says engineer accumulation accounts for about and materials scientist Zhiyong Fan of the Hong Kong as jobless spikes, Fitch says University of Science and Technology. half of the revision to potential The human eye owes its wide field of view and Global potential economic growth productive potential growth is revised growth, the ratings agency said. high-resolution eyesight to the dome-shaped retina The remainder is explained by the - an area at the back of the eyeball covered in light- is set to drop in coming years due to down to 1.4% from 1.9%, the UK to detecting cells. Fan and colleagues used a curved fallout from the Covid-19 pandemic, 0.9% from 1.6% and the euro zone - the anticipated reduction in labor as aluminum oxide membrane, studded with nanosize amid a rise in unemployment and a weighted average of Germany, France, unemployment rises and average sensors made of a light-sensitive material called a hours worked fall, according to Fitch. perovskite (SN: 7/26/17), to mimic that architecture in cooling of investment by companies, Italy and Spain - to 0.7% from 1.2%, their synthetic eyeball.

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