COOPERATORS ADVISED TO UTILISE PRINCIPLES
The Assistant Minister of Trade and Industry, Cooperatives
and Marketing, Mr. Khotso Matla has advised youth
cooperators to follow principles in administering the
cooperatives movement to maintain their cooperatives at a
Mr. Matla said this when officially opening a five day
students/youth cooperatives forum in Maseru on Monday.
The forum is attended by the cooperators from Lesotho, South
Africa, Uganda and the United Kingdom.
'It is only when you implement the principles that you will
not establish the kind of cooperatives that will collapse
tomorrow,' he said.
Mr. Matla requested the young cooperators to exchange
business ideas and map the way forward for the development
of cooperatives in their respective countries.
He also encouraged them to follow the success stories of
adult cooperators and use them to improve their own
cooperatives, citing the Boliba Savings and Credit as one of
the successful cooperatives in the country.
The Commissioner of Cooperatives Mrs. 'Maphamoli Lekoetje
said Boliba savings and credit is growing from strength to
'It is not insolvent as the rumours say,' she said.
Mrs. Lekoetje mentioned that the fact that Boliba managed to
generate income amounting to M3 million between August last
year and this year, is a clear testimony that the
cooperative is running profitably.
Speaking at the same occasion, the Principal of the
Cooperatives College in the United kingdom Mr. Mevyn Wilson
said the future of every country lies in the hands of young
people since they are innovative and active enough to bring
He commended them for joining the movement to become part of
the cooperative family globally.
Mr. Wilson encouraged them to strive to improve their lives
through cooperative activities they undertake, warning them
never to under estimate what they can achieve.
One of the young cooperators interviewed at the forum said
it is beneficial for young people to unite and address
issues of unemployment through establishment of
organisations of this nature.
Mohau Mokhathi from Ville Tech multipurpose cooperative said
he has gained a lot of experience and business skills since
his cooperative started operating last year.
'I have learnt that people should change their mindset and
undertake activities that can enable them to be self reliant
and stop depending on being employed,' he said.
Mokhathi advised other youth to form cooperatives' societies
now in order to address the socio economic problems facing
majority of nations such as unemployment and poverty.
This will be the third forum convened for the youth since
2007 when the department of cooperatives started to hold
forums of this nature.
The aim of the forum which ends on Friday is to give young
cooperators from different countries the chance to meet and
discuss ways of promoting cooperatives in their respective
Participants will also exhibit their handicrafts products
for market purposes.
The youth cooperatives started in 2003 with only three
registered cooperatives and currently there are 16
cooperatives in the country and members are engaged in
activities that are agricultural based, tourism,
entertainment as well as savings and credit.
Source: LENA 14/12/2009