The Government decided the beauty sector was too high-risk to reopen
2020 was the year that the beauty sector hit the headlines of mainstream news. As soon as the salons closed in late March, the reopening of the industry was high on the list of priorities for many people. Sadly not, it would seem, for the government, who dealt the industry a difficult hand with an extended lockdown and staggered reopenings. This has taken its toll; in our exclusive survey with the Local Data Company, we can reveal 4,578 hairdressers and salons have closed in Britain since the pandemic began.
The industry has been left in tatters, and the British Beauty Council predicts that the £28.4 billion industry will shrink by 30 percent by the Spring. For anyone who hasn’t followed the plight of the industry this year, let me catch you up to speed. There was collective outcry from the sector in June, when it was announced that hairdressers could open on July 4th (dubbed ‘super Saturday’) ahead of be
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SLB Entrepreneurship Support Competition winners named
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STANDARD Lesotho Bank (SLB) yesterday awarded eight businesses a share of M600 000 for winning its Covid-19 Entrepreneurship Support Competition.
The winners, who are in different sectors such as agribusiness, retail and service categories shared M600 000 in capital grants intended to help them mitigate the impact of the Covid-19 pandemic.
The winners are Denim Printing (M75 000); Mofoka Agri-Projects (M45 000); Falimehang General Dealer (M100 000); Bataung General Dealer (M50 000); Sibusiso Poultry Farm PTY LTD (M90 650); Hair Lounge and Beauty Clinic (M90 921); Sekamane Farming (M60 000) and Chembi PTY LTD (M50 000).
SLB acting head of marketing and communications Manyathela Kheleli said the competition was launched to lend a hand to businesses that are fully Basotho owned that have been negatively impacted negatively by Covid-19 to ensure they keep their businesses opened.
SLB Entrepreneurship Support Competition winners named lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.
Eight businesses win big
MASERU-EIGHT businesses have won the Standard Lesotho Bank Covid-19 Entrepreneur Support Competition which was launched on September 17.
The winners shared M600 000 in prize money.
The money will be used to boost their businesses and mitigate against the impact of the Covid-19 pandemic.
Denim Printing in Maseru won M75 000, Mofoka Agri-Projects won M45 000, Falimehang General Dealer won M100 000 and Bataung General Dealer won M50 000.
Meanwhile, Sibusiso Poultry Farm (Pty) Ltd from Butha-Buthe won M90 650, Hair Lounge and Beauty Clinic won M90 921, Sekamane Farming from Berea won M60 000 and Chembi (Pty) Ltd won M50 000.
The bank launched the competition to help Basotho-owned businesses that have been negatively affected by Covid-19 in order to ensure that they keep their businesses open.