The first Wool and Mohair Auction is scheduled to stage live in Masianokeng on October 07.

This is according to Government Spokesperson, also Chairperson of the Wool and Mohair Committee, Chief Thesele Maseribane when addressing the media at a press briefing held in Maseru on Tuesday.

The Minister of Communications, Science and Technology said the landmark initiative will occur amid the presence of licensed foreign businessmen, commending the Government of Lesotho for the groundbreaking effort that he said will also contribute towards improving Lesotho’s economy as it supports the Wool and Mohair Trade Policy in the country.

Also speaking at the briefing was the Minister of Defence, Mr. Tefo Mapesela, also member of the Wool and Mohair Committee, who thanked the wool and mohair agents for their presence in the country, saying they will compete for the wool and mohair guided by the localisation policy which he said compliant with the country’s laws.

Mr. Mapesela added that there is no monopoly in the business, stressing that participants are strictly competitors who will be bidding with other farmers.

The evaluation and appraisal of mohair will meanwhile be executed by viewing a catalogue of various products from shearing traders and the plan is to get a 201 mohair clip for the international market while farmers will also be paid in time.

Source: LENA 01/10/2019

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