The new project comes amid complaints from local red meat retailers about a body of wholesalers that sells meat at retail prices. “And this makes our businesses suffer and we are therefore likely to crash out of the market unless something is done,” the business people further complained. Applauding the pioneering entrepreneurs, Chief Molapo said what they did was in line with the country’s National Strategic Development Plan.
“This business will help grow the economy and create employment opportunities in Lesotho. “People who will get employed here, will be able to put bread on their tables on a daily basis,” he said.About 60 people are expected to be employed at the plant at the inception of operations but more job opportunities will be created as the project grows. The company’s initial capital outlay is M8 million, which was contributed by its shareholders Meraka Abattoir and a South African investor, Stephan Engelbrecht, who hold 35 percent shares each.