Ba­sotho chal­lenged on fi­nan­cial skills

Sunday Express - - Business Journal - Mamohlakola Le­tuka

BA­SOTHO have been chal­lenged to stop mak­ing ex­cuses about their un­der­priv­i­leged cir­cum­stances of birth and up­bring­ing and come up with strate­gies to pos­i­tively trans­form their lives.

This was said by the for­mer Trade and In­dus­try Prin­ci­pal Sec­re­tary, Ma­jakathata Mokoena, while ad­dress­ing TEDx (Tech­nol­ogy, En­ter­tain­ment, and De­sign) sa­lon in Maseru.

TED is a non­profit or­gan­i­sa­tion de­voted to spread­ing ideas, usu­ally in the form of short talks (18 min­utes or less). TED be­gan in 1984 as a con­fer­ence where tech­nol­ogy, en­ter­tain­ment and de­sign con­verged, and to­day cov­ers al­most all top­ics — from sci­ence to busi­ness to global is­sues — in more than 100 lan­guages.

Mean­while, in­de­pen­dently run TEDx events help share ideas in com­mu­ni­ties around the world in­clud­ing in Le­sotho.

Speak­ing at the TED talk dubbed the TEDxMoshoeshoeRd, Mr Mokoena said it was im­por­tant for Ba­sotho to in­tro­spect and fully ap­pre­ci­ate their cur­rent state if they to trans­form the coun­try.

“First you need to iden­tify the po­si­tion that you are cur­rently in, then you will be able to trans­form,” Mr Mokoena said, adding, “Where you come from should not hin­der your pro­gres­sion, rather use your in­tel­lec­tual ca­pac­ity to get to the des­ti­na­tion”.

For her part, Katleho Masheane, the cu­ra­tor of TEDxMoshoeshoeRd hub, said that the sa­lon was a suc­cess and they were pre­par­ing for the main event next year, which will even fea­ture more speak­ers.

“The sa­lon was aimed at in­tro­duc­ing TEDxMoshoeshoeRd to the com­mu­nity. We will have the main event next year with more speak­ers.

“Cur­rently the aim is to in­tro­duce the lo­cal hub but the big­ger aim is to get to em­brace lo­cal ideas by lo­cal Ba­sotho who are pi­o­neer­ing in their dif­fer­ent dis­ci­plines.

“We are look­ing for peo­ple with ideas that we be­lieve are worth spread­ing and these should be peo­ple with good track records that can also in­spire,” Masheane said.

For her part, the cu­ra­tor of Maseru Hub, Likeleli Monya­mane, said fi­nan­cial lit­er­acy was vi­tal to the coun­try’s de­vel­op­ment, adding that Ba­sotho needed to ac­quire fi­nan­cial plan­ning skills.

“Ba­sotho need to start in­vest­ing funds into some­thing more tan­gi­ble such as in­fra­struc­ture rather than fo­cus­ing on food and money-lend­ing schemes.

“We need to change the be­hav­iour and at­ti­tude to­wards money, teach our chil­dren how to man­age and save money. Then we will de­velop as the coun­try,” Ms Monya­mane said.

TRADE and In­dus­try Prin­ci­pal Sec­re­tary Ma­jakathata Mokoena.

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