Ultimate magazine theme for WordPress.

How many hours does a rand stay in Lesotho?

Sam Mphana
In the United States, a popular anecdote says a dollar that comes into the black community stays within the community for about six hours, while in other ethnic groups like Italians or the Jewish community a dollar stays for 30 days, circulating.
Another guesstimate says a dollar will pass into eight Jewish hands before leaving that community, while it will only pass into one or two black hands before taking a hike.
Whether or not these statistics are true, parallels can be drawn between them and the situation in Lesotho.
We mean here that it would not be too wrong to say that a rand will pass into at least eight South African hands before leaving that country while a rand will only pass into one or two Basotho hands before leaving Lesotho.
Where are we going with this argument, you may ask?
Well, the simple fact of the matter is that a community becomes wealthy just by ensuring that each rand circulates more times among its members.
Let’s say for example there is a family where one person works at a mine and earns M100. He comes home with that money and uses it to buy chickens from his brother and clothes tailored by his sister. The three have already profited from the money earned by the single sibling. If the chicken farmer and tailor in turn buy from other members of that family, still more people will benefit from that single M100 salary.
Enter Sam Mphana, our Newsmaker of the week, the man who understands this simple principle and has decided to open a Pick ‘n’ Pay supermarket in Lesotho.
While the franchise remains South African and Mphana and his partners are certainly in business to make a profit, we at Newsmakers & Noisemakers tend to agree with his assessment that the development will ensure that more money circulates within the country.
“This is our country and it will only grow if we ourselves take the responsibility to grow it,” Mphana was quoted as saying by the Lesotho Times.
We couldn’t have put it better.
The more shopping and spending Basotho do within the country, the higher the employment rates and quality of life of their fellow Basotho.
With time this country should make its own clothes, put them in its own clothes stores for sale to its own people. Why not, if we’re already making clothes good enough for the United States?

As the world battles killer diseases — such as HIV, heart disease and tuberculosis — it is conventional wisdom that certain diseases which were considered child killers 20 years ago are no longer a problem because cures and vaccines for them have been found.
Take diptheria for example. The disease has a high fatality rate in children, but thankfully it is on the decline due to immunisation drives by governments across the globe.
Imagine our surprise therefore when we read this week that some clinics in Lesotho have run out of DPT, a crucial vaccine used to protect infants against diphtheria, pertussis and tetanus.
In this day and age, no decent health system should be caught short of vaccines which have been available at reasonable cost to most of the world for decades.
It is clear that this situation is a result of failure to plan on the part of the responsible authorities.
The danger is that, with some diseases like polio, once they strike the child might die or might have to leave with disabilities for life.
All because of something that could have been easily prevented with proper planning!
We demand an explanation from the responsible authorities.

Comments are closed.