Neighboured by South Africa, Lesotho is a small country that has faced some challenges for the past few years. Being largely agricultural-led, with diamond mining also a contributing sector to the country’s GDP, Lesotho is working toward enhancing infrastructure, improving social development, and encouraging employment outsourcing opportunities.
As the country develops, opportunities for investors and organisations are numerous for those who want to establish themselves in the country. With the right HR outsourcing strategy, Africa HR Solutions ensures that you can move to Lesotho even if you don’t have a legal entity yet. Our solutions range from Professional Employer Organisation (PEO), Employer of Record, payroll solutions among other ancillary services to help you with the successful implementation of your Lesotho HR outsourcing strategy.
Country Profile - Lesotho
Population: 2.1 mn
Gross Domestic Product (GDP): $1.84 bn
GDP Growth: 1.5%
Inflation: 4.0%
Foreign Direct Investment (% of GDP): 1.4%
Unemployment Rate: 23.6 %
Capital: Maseru
Currency: South African rand, Lesotho Loti
Languages: Southern Sotho, English
Lesotho's Economy
Bordered by South Africa, Lesotho is a small, landlocked country considered a low-middle-income economy. The private sector is quite small, hence the state has the upper hand in being the key player. For the past few years, the country’s economic performance has been affected by various factors, including natural disasters. However, growth is expected to increase with some construction projects such as the Lesotho Highlands Water Project, Lesotho Lowlands Water Development Projects, and roads. Green energy projects are also in the pipeline and initiatives to strengthen financial inclusion are also being discussed.
Interesting Facts About Lesotho
The country is home to the highest ski resort in Africa, Afriski
It is the only country in the world that is entirely above 1,000 m
Agriculture and animal herding are the primary occupation for the population that lives in rural places, accounting for 75%
The consumption of around 90% of goods in Lesotho are imported from South Africa.
Diamond mining is a fundamental part of Lesotho’s GDP, representing 9% of it
The most important meat in Lesotho is meat
Public Holidays in Lesotho
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
Employment in Lesotho
It is recommended to have a written agreement in English that outlines all the employee’s information, including remuneration, length of the contract, and termination details. All compensation and wage details must be mentioned in Lesotho Loti and not in any other foreign currency. At Africa HR Solutions, we have the expertise to guide you through all the HR outsourcing plans, including a competitive benefits scheme, so you can attract the right talent and establish your presence in Lesotho with peace of mind.
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