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
Moshoeshoe II of Lesotho Moshoeshoe II of Lesotho Moshoeshoe II (May 2, 1938 – January 15, 1996), previously known as Constantine Bereng Seeiso, was the paramount chief of Lesotho, succeeding paramount chief Seeiso from 1960 until the country gained full independence from Britain in 1966. He was king of Lesotho from 1966 until his exile in 1990, and from 1995 until his death in 1996. The young Seeiso was educated at the Roma College in Lesotho, then (apparently fleeing rumours that his stepfather planned to poison him) was sent to England, first to Ampleforth College and later to Corpus Christi College, Oxford. While there,