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
Remington Rand Company and Rand Kardex Corporation. One of its earliest factories, the former Herschell–Spillman Motor Company Complex, was listed on the National Register of Historic Places in 2013. Within the first year, Remington Rand acquired the Dalton Adding Machine Company, the Powers Accounting Machine Company, the Baker-Vawter Company and the Kalamazoo Loose-Leaf Binder Company. One of its earliest factories, the former Herschell–Spillman Motor Company Complex, was listed on the National Register of Historic Placesin 2013. From 1936-1937 Remington Rand went on strike, which resulted in violence and the loss of jobs. From 1942 to 1945, Remington Rand was one manufacturer of