Pex Capital

Services restored 😊

Dear Valued Clients,

Kindly note that all the affected services have been restored. We sincerely apologise for the inconvenience caused and we appreciate your patience and cooperation.

‼️ TOTAL BANKING FAILURE! Standard Lesotho Bank MESSES UP BIG TIME! ‼️

It's month-end AND a weekend—a critical time when salaries are paid, businesses settle accounts, and people need to access their money the most. Yet, Standard Lesotho Bank , which holds about 60% of the country's banking market, has completely FAILED its customers!

ALL major services are down:
🚫 ATMs
🚫 Cash deposit machines
🚫 POS transactions
🚫 Bank cards
🚫 Airtime & electricity purchases, DSTV payments & more

This catastrophic failure means:
⚠️ Workers can't access their salaries
⚠️ Businesses can't process transactions—leading to lost revenue and unpaid suppliers
⚠️ No card swipes, no withdrawals, no deposits!
⚠️ People stranded without cash for essentials
⚠️ Economy at a standstill because money can't move!

How does a major bank fail on such a critical weekend? Where is the Central Bank of Lesotho the regulator responsible for overseeing financial institutions and ensuring the stability of our banking system? This is a complete failure of oversight and accountability.

The Central Bank of Lesotho 's mandate includes promoting the efficient operation of the payments system and ensuring financial stability—yet here we are, with thousands of people stranded!

This is unacceptable! Lesotho deserves better banking reliability and stronger regulatory oversight to prevent such disasters.

As chatter for a retaliatory strike by Iran on, Israel get louder, the price of crude oil is stepping higher.