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…It has no funds to import electricity posing a severe risk to consumers and the economy<\/em><\/p>\n THE Lesotho Electricity Company (LEC) is in a severe financial crisis, with its current liabilities exceeding its assets by M98.6 million.<\/p>\n As a result, the utility company is unable to purchase electricity for distribution to consumers.<\/p>\n This according to an external audit report submitted to the Ministry of Energy in January 2025. The report revealed that LEC cash reserves had declined by M145.8 million.<\/p>\n The…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> …It has no funds to import electricity posing a severe risk to consumers and the economy THE Lesotho Electricity Company (LEC) is in a severe financial crisis, with its current liabilities exceeding its assets by M98.6 million. As a result, the utility company is unable to purchase electricity for distribution to consumers. This according to […]<\/p>\n","protected":false},"author":11,"featured_media":195048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/download\/pic\/main\/main\/csiid\/00300487:e7b4649da61a35ff65c6e1bf67aca303:arc614x376:w1200.jpg","fifu_image_alt":"","footnotes":""},"categories":[1406],"tags":[258,256,42655,4612,13476,4717,1407,257,254],"class_list":["post-195047","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lesotho","tag-africa","tag-africa-news","tag-allafrica-com","tag-bankrupt","tag-lec","tag-lesotho","tag-lesotho-news","tag-news","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/download\/pic\/main\/main\/csiid\/00300487:e7b4649da61a35ff65c6e1bf67aca303:arc614x376:w1200.jpg","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/195047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=195047"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/195047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/195048"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=195047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=195047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=195047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Lesotho<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"