LESOTHO
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About Lesotho

Page Last Updated: 28/05/2024

Lesotho, a high-altitude, landlocked country in Southern Africa, offers unique opportunities for tourism and investment. Africa HR Solutions is dedicated to helping businesses seamlessly enter Lesotho’s market without the need to establish a local entity. We specialise in efficient employee onboarding and compliant payroll management, ensuring your operations run smoothly. 

Population: 2.16 M
Gross Domestic Product (GDP): $2.4 B
GDP Growth: 2.4%
Inflation: 6.4%
Foreign Direct Investment (% of GDP): -0.35%
Unemployment Rate: 16.75%
Capital: Maseru
Currency: South African rand (ZAR), Lesotho Loti (LSL)
Languages: Southern Sotho, English

Lesotho Payroll at a Glance

Currency

South African rand (ZAR), Lesotho Loti (LSL)

Income Tax

20% – 30%

Employer Taxes

N/A

Employee Contribution

N/A

Fiscal Year

April – March

Date Format

dd/mm/yyyy or yyyy/mm/dd

  • Lesotho is a constitutional monarchy with a parliamentary system. The King serves as the ceremonial head of state, while the Prime Minister is the head of government.
  • Lesotho gained independence from the United Kingdom on October 4, 1966.
  • The economy of Lesotho is primarily based on agriculture, manufacturing, and mining. Key exports include textiles, clothing, and water to South Africa.
  • Lesotho has a rich cultural heritage, with traditional music, dance, and crafts playing important roles.
  • Lesotho’s natural beauty, including its mountains, waterfalls, and unique landscapes, attracts tourists interested in outdoor activities such as hiking, skiing, and horseback riding.
  • New Year’s Day
  • Moshoeshoe’s Birthday
  • Good Friday
  • Easter Monday
  • May Day
  • Ascension Day
  • Africa Day
  • King’s Birthday
  • Independence Day
  • Christmas Day
  • Boxing Day
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