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T<\/strong>HE Lesotho National Development Corporation (LNDC) has abandoned its much-publicised M15 million bailout of Enrich Holdings, citing the company’s failure to meet critical loan conditions.<\/p>\n Enrich’s failure to put together a rescue structure and signs of deep-seated mismanagement also contributed to LNDC’s pullout.<\/p>\n A detailed LNDC evaluation report, seen by the Lesotho Times<\/em>, paints a picture of internal contradictions, leadership instability and risks of possible fraud within Enrich — all of…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> THE Lesotho National Development Corporation (LNDC) has abandoned its much-publicised M15 million bailout of Enrich Holdings, citing the company’s failure to meet critical loan conditions. Enrich’s failure to put together a rescue structure and signs of deep-seated mismanagement also contributed to LNDC’s pullout. A detailed LNDC evaluation report, seen by the Lesotho Times, paints a […]<\/p>\n","protected":false},"author":11,"featured_media":209149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[1406],"tags":[258,256,11791,15821,4717,1407,14740,257,41753,10038,254],"class_list":["post-209148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lesotho","tag-africa","tag-africa-news","tag-bailout","tag-enrich","tag-lesotho","tag-lesotho-news","tag-lndc","tag-news","tag-plug","tag-pulls","tag-south-africa-today"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/209148","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=209148"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/209148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/209149"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=209148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=209148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=209148"}],"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":"