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  1. Oct 2021
    1. direct beneficiaries

      True that --- business enterprises are the main direct beneficiaries but the government and society are also direct beneficiaries. Governments benefit directly through tax revenues while communities on the other hand benefit through "giving back to the community" initiatives and programs investors embark on. In Lesotho, it is mandatory as a matter of formality in granting a trading licence that the investor applicant should undertake to give back to the local communities at the stage when their business venture is enjoying lucrative returns. Sadly this requirement is normally not complied with, due to corrupt practices on the part of officials or defiance on the part of investors, taking advantage of lack of enforcement mechanisms put in place by the government.

      Source author: Malefetsane Dominic Mosala mosalalaw@gmail.com

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