Metropolitan ventures into new investment

By Neo Kolane

An Insurance company Metropolitan Lesotho launched an asset management company called Metropolitan Lesotho Asset Managers (PTY) Ltd in Maseru yesterday under the theme: Reaching Greater Heights.

The Metropolitan Lesotho Asset Management Company (PTY) Ltd will create investment opportunities for Basotho.

This it has done by partnering with Momentum Metropolitan which is a leading insurance-based financial services company listed on the South African stock exchange, the Johannesburg Stock Exchange.

Speaking at the launch, the managing director of Metropolitan Lesotho Mamello Phomane said the decision to venture into this highly specialised business was made on the back of the world of experience.

Phomane also said the choice was further boasted by their passion in enabling the dignity of Metropolitan’s clients whilst supporting the economic transformation of Basotho.

“The partnership efforts which we believe in can only be achieved through the participation, development and growth of our country and the growth of our clients’ respective organisations and businesses as well as Basotho’s hard earned passion.

“We will be offering our clients superior returns of their investments managed by Metropolitan Lesotho Assets Managers.

“We will be investing directly in the local market and participating in the country’s capital and equity market.

“We will be employing Basotho and also contributing to the country’s revenue,” Phomane said.

In his remarks, the chief executive officer of Metropolitan Momentum Kudakwashe Mudzengi said reaching greater heights is something both the parties will achieve together.