Chief ’Maseribane said through the landmark initiative, licensed foreign auctioneers were invited to do their trade in Lesotho. “For this, I applaud the government for its ground breaking effort that will also contribute towards improving Lesotho’s economy as it supports the policy of localising the wool and mohair trade in the country”. Maluti Wool and Mohair Centre representative, David Telford, said his company was one of the few that had been awarded a licence in auctioneering of wool and mohair.
Mr Telford therefore thanked the government for the gesture which he said was not an entitlement but a privilege secured upon successfully meeting the application requirements. He said this would enable international buyers to come to Lesotho to help improve the economy. He said this first auction would focus on mohair, whose evaluation was scheduled to span between Wednesday and Thursday.