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
Education in Lesotho subjects such as science, math, business and technical topics. Lesotho has two universities. Its main university is the National University of Lesotho, located in Roma, which has around 2000 registered students. The capital, Maseru, has been home to a campus of Limkokwing University since 2008. Education in Lesotho Education in Lesotho has undergone reforms in recent years, meaning that primary education is now free, universal, and compulsory. Lesotho spends a higher proportion of its GDP (13%) on education than any other country in the world and an average child in Lesotho can expect to spend 10 years of their life