Economy of Lesotho Swaziland, Namibia, and South Africa also form a common currency and exchange control area known as the Rand Monetary Area that uses the South African rand as the common currency. In 1980, Lesotho introduced its own currency, the loti (plural: maloti). One hundred lisente equal one loti. The Loti is at par with the rand. Until the political insecurity in September 1998, Lesotho's economy had grown steadily since 1992. The riots, however, destroyed nearly 80% of commercial infrastructure in Maseru and two other major towns in the country, having a disastrous effect on the country's economy. Nonetheless, the country has
East Rand Stereo studios, a fully operational newsroom and a news team, various administrative offices, permanent staff, an active sales team and approximately 20 freelance presenters and technical engineers. East Rand Stereo currently broadcasts from Springs and supplies local entertainment and news to most parts of Ekuruleni, also known as the East Rand. Areas currently covered include Springs, Brakpan, Benoni, Parts of Boksburg, Parts of Kepmton Park, Parts of Germiston and Parts of Alberton. From its early days to now, it has been important for East Rand Stereo to give something back to the community to whom it broadcasts. East Rand Stereo not