Wool and mohair farmers in Lesotho blame Standard Bank for broker's nonpayment

About 40,000 wool and mohair farmers in rural Lesotho have accused Standard Bank of helping a broker who is failing to pay them.

The farmers, who have been clients of the bank for decades now, were forced by the government of Lesotho to export their produce after Maseru Dawning failed to pay them for months.

Eyewitness News reporter Nthakoana Ngatane explains the situation.

The farmers are saying why is Standard Bank not flagging this particular company for not being able to meet its requirements in terms of paying them. They are now taking Standard Bank to task.

Nthakoana Ngatane, Reporter - Eyewitness News

The farmers are saying only 30% of their proceeds have been paid to them.

Nthakoana Ngatane, Reporter - Eyewitness News

Many farmers are unable to feed their families, unable to take their children to school.

Nthakoana Ngatane, Reporter - Eyewitness News

Listen to the full interview below...


Recommended

by NEWSROOM AI
Read More
Joburg surgeon suspended following death of ten-year-old boy

Joburg surgeon suspended following death of ten-year-old boy

Zayyan Sayedat died at the Netcare Park Lane Clinic in Parktown after a routine surgery.

We have a problem with porous borders, says Bongani Bongo

We have a problem with porous borders, says Bongani Bongo

Joburg mayor Herman Mashaba highlighted problems the city has been faced with, including issues that put immigrants at risk.

Ahmed Timol commemorated in historic exhibition and dialogue

Ahmed Timol commemorated in historic exhibition and dialogue

The nephew of the struggle hero, Imtiaz Cajee shares details on the event.

'We demand media focus on children from all provinces,especially the rural area'

'We demand media focus on children from all provinces,especially the rural area'

Reading her top five demands, grade 6 pupil Sobuhle Ndlovu has requested that media and adults take children seriously.

[LISTEN]  Nduduzo Makhathini on landing a Blue Note Records deal

[LISTEN] Nduduzo Makhathini on landing a Blue Note Records deal

Makhatini says in many ways there is a connection with Blue Note Records history and how he thinks about the practice of jazz.

Rooibos bra designed to raise breast cancer awareness to be auctioned off

Rooibos bra designed to raise breast cancer awareness to be auctioned off

Proceeds made at the auction this month will go towards cancer awareness initiatives.

Popular articles
My artwork is far from satanic, says Grantleigh pupil

My artwork is far from satanic, says Grantleigh pupil

The matric pupil at Grantleigh School, whose artwork is at the centre of religious debate online, has issued a formal statement.

Checkers is steadily moving upmarket. And it’s working

Checkers is steadily moving upmarket. And it’s working

Checkers is getting "better and better", says branding and advertising expert Andy Rice.

[WATCH] A driver smiles and waves at a driver with road rage

[WATCH] A driver smiles and waves at a driver with road rage

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] SA rugby youngsters doing their own haka goes viral

[WATCH] SA rugby youngsters doing their own haka goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

'I want to ensure my money delivers change to as many people as possible'

'I want to ensure my money delivers change to as many people as possible'

Black Business Council president Sandile Zungu on his attitude toward money (hopes and fears, successes and failures, etc.).

'Mbete faced difficult questions. She has done a lot in terms of responding'

'Mbete faced difficult questions. She has done a lot in terms of responding'

Xolani Xala (SA Business Abroad) defends his defence of ANC stalwart Baleka Mbete’s "car crash" interview on Al Jazeera.

[WATCH] Oprah roasts student about his cracked phone, then buys him a new one

[WATCH] Oprah roasts student about his cracked phone, then buys him a new one

Khabazela shares tweets and Facebook posts that have gone viral.