Our Services
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MORUO MALL
A shopping mall in Maseru, known as “Pioneer Mall“. Pioneer mall is the largest in Lesotho hosting well known brand such as Clicks, Spurs, Wimpy,all the major banks, and PicknPay as its anchor tenant. The mall has over 1 000 local shareholders who buy and sell their shares using the “over the counter” mechanism (OTC).
Pioneer mall has consistently paid out interest on debentures to its shareholders. Tiamat’s investment took place in 2016. Pioneer mall is now looking to expand its footprint by investing in phase 3 which will enable it to increase parking space, while bringing in more brands such as Woolworths.
SPECIALISED INSURANCE COMPANY
An insurance company based in Maseru, with South African underwriters that has been operating since (2017). It is a fully fledged financial services company providing : Short Term Insurance, Long Term Insurance, Wealth Management and Banking Services.
The business has grown rapidly in a short space of time. SIC has aspirations to develop a digital bank and an e-commerce solution, with a view to addressing the lower income households and the – so called – unbanked community.
MG HEALTH
A company based in the highlands of Lesotho for the purpose of producing Cannabis for medicinal uses. In 2017 Lesotho was the first country in Africa to legitimize the growing of cannabis for medicinal purposes. Many licences were issued at the time, however MG Health was quick off the block and was ready to market within 3 years. Currently it has established markets in Switzerland, Israel and Germany.
MG Health is currently striving to achieve the Good Manufacturing Process standard (GMP). This will open up more international markets while providing a well established and accepted quality of product.
CB HERMETICS
A South African based company in Johannesburg which is also growing Cannabis for medicinal uses. South Africa has been slow in legalizing the growth of cannabis. CB Hermetics doesn’t currently have a licence, but is building the infrastructure to grow the product once the licence has been granted.
The South African market is highly competitive and once licences are issued, a high level of consolidation is expected. Investor interest has increased somewhat towards cannabis. Interestingly some of the banks are beginning to take a serious look at cannabis.
