Lesotho: 5,000 Textile Jobs At Risk

…as two textile giants mull shutdown over US tariffs

LESOTHO’s once-thriving textile industry, long considered the backbone of the national economy, is now staring down a catastrophic barrel, with more than 5000 jobs hanging in the balance.

One of the country’s textile giants, Lesotho Precious Garments (PTY) Ltd and its subsidiary, Maseru E-Textiles (PTY) Ltd, are preparing to shut down operations entirely due to a devastating new 50 percent tariff rate imposed by the United States.

The tariffs,…