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 FM frequency with another community radio station. East Rand Stereo received a license in 1999 to broadcast seven days a week, 24 hours a day; and even more so when in 2004 East Rand Stereo became one of the first community radio stations to receive a permanent four-year license. In easily 2009 East Rand Stereo received its new converted permanent class license under the new Electronic Communication Act, which replaced all previous broadcasting acts. East Rand Stereo has come a long way, moving from a small two-room broadcast studio to the current studios, boasting one main broadcasting studio, three production