Business Overview

“MANGAUNG has an array of opportunities on offer for investors who wish to exploit the economic potential of the area.”

The consumer market in MANGAUNG and its immediate vicinity is surprisingly extensive. In addition to local residents, it includes the enormous buying power of thousands of Lesotho citizens, with farmers from the surrounding rural areas also boosting the retail market at month-end.

It is estimated that more than 50% of the millions pumped into Lesotho from abroad is spent in MANGAUNG, representing a market of several million people.

The economy of the MANGAUNG Local Municipality also plays a significant role in the Motheo District economy (92,5%) as well as the Free State economy (25,5%), but it is relatively small when compared to the national economy (1,6%).

While community services contribute to over a third of MANGAUNG`s economy, other prominent sectors include finance, retail and trade, transport, and manufacturing. The remaining sectors such as agriculture and mining are very small and make a minor contribution to the local economy. Community services contributes 35% to the city economy, transport 13%, finance 18%, agriculture 4%, manufacturing 8%, trade 16%, utilities 3% and construction 3%.

MANGAUNG has an array of opportunities on offer for investors who wish to exploit the economic potential of the area, help generate local prosperity and has adopted an innovative approach to economic development. It undertakes to enhance its overall competitive edge, to be recognised nationally and internationally as a safe and attractive place to live, work and invest.

The stable labour force provides a full complement of skilled and semi-skilled workers and is an added bonus for local businesses wishing to expand and new businesses who wish to establish their base in the area. The municipality is focusing its energy on creating an environment which makes it easy to do business in the area by ensuring the economic fundamentals are in place.