Lesotho: ‘Restructure or Shut Down’ – Matlanyane

THE government will not bail out any ailing parastatals that owe taxes to the Revenue Services Lesotho (RSL), but instead, non-performing entities will either be restructured or shut down, Minister of Finance and Development Planning, Dr Retšelisitsoe Matlanyane, has warned.

She issued the warning while appearing before Parliament’s Economic Cluster Committee earlier this week.

Speaking under oath, Dr Matlanyane told the Committee that Cabinet had resolved to conduct a comprehensive audit of all…