Loti Brick is currently embroiled in a major tax crisis, facing liabilities of just over M7 million. This financial storm comes at a time when the company’s affairs are already in disarray.
The Revenue Services Lesotho (RSL) has secured a court order against the company. On August 19, 2025, the Maseru Magistrate’s Court directed Loti Brick to pay M7,401,813.03 to the RSL.
“This is therefore to authorise you to attach, remove and take into your custody or possession the movable goods of Loti Brick Pty Ltd, and if insufficient, attach the immovable property of Loti Brick Pty Ltd to be realised by public auction in the sum of Seven Million, Four Hundred and One Thousand, Eight Hundred and Thirteen Maloti, Three Lisente (M7,401,813.03) together with your costs of this execution, and pay to the Revenue Services Lesotho the aforesaid sum… and return to this court what you have done by virtue thereof,” reads the order.
The order further imposes an annual interest rate of 22 percent on the amount owed.
Loti Brick, established in 1978 and operational since 1980 under the oversight of the Lesotho National Development Corporation (LNDC), manufactures, sells, and distributes clay brick products.
Last year, the company ceased operations due to persistent financial troubles. Poor sales over the years forced the company to downsize its workforce, reducing production capacity. Despite these measures, the company has remained closed.
Concerns have also emerged around a potential acquisition of the company by Lephema Executive, owned by Cabinet Minister Lephema Lebona. However, the parliamentary committee has been in serious discussions with the LNDC, and the sale has not yet been concluded.
Summary
- “This is therefore to authorise you to attach, remove and take into your custody or possession the movable goods of Loti Brick Pty Ltd, and if insufficient, attach the immovable property of Loti Brick Pty Ltd to be realised by public auction in the sum of Seven Million, Four Hundred and One Thousand, Eight Hundred and Thirteen Maloti, Three Lisente (M7,401,813.
- 03) together with your costs of this execution, and pay to the Revenue Services Lesotho the aforesaid sum… and return to this court what you have done by virtue thereof,” reads the order.
- The parliamentary committee has been in serious discussions with the LNDC, and the sale has not yet been concluded.
Thoboloko Ntšonyane is a dedicated journalist who has contributed to various publications. He focuses on parliament, climate change, human rights, sexual and reproductive health rights (SRHR), health, business and court reports. His work inspires change, triggers dialogue and also promote transparency in a society.
