Economy of Lesotho maloti (M) per US$1 – 7.32 (2010), 6.10948 (1999), 3.62709 (1995); note - the Basotho loti is at par with the South African rand Economy of Lesotho Lesotho is geographically surrounded by South Africa and economically integrated with it as well. The economy of Lesotho is based on agriculture, livestock, manufacturing, mining, and depends heavily on inflows of workers’ remittances and receipts from the Southern African Customs Union (SACU). The majority of households subsist on farming. The formal sector employment consist of mainly the female workers in the apparel sector, the male migrant labor, primarily miners in South Africa for
Football in Lesotho Football in Lesotho The sport of football in the country of Lesotho is run by the Lesotho Football Association. The association administers the national football team, as well as the Premier League. Football is the most popular sport in the country. The National Football Association Lesotho was founded in 1932 and renamed, in 1992, as "Lesotho Football Association" (LEFA). In 1964, the LEFA joined FIFA and the African Continental Confederation CAF. The current president is the lawyer Salemane Phafane. The Lesotho Premier League was founded in 1970 as the highest national league. At times it bore the names of sponsors.