Property for sale in Lesotho

1/ Capital: Maseru

Is the capital of Lesotho. It is also the capital or camptown of the Maseru District. Located on the Mohokare River, bordering South Africa, Maseru is Lesotho's only sizable city, with a population of approximately 227,880 (2006). Get more information on property for sale in Maseru.

2/ Country: Lesotho

Is a landlocked country and enclave — entirely surrounded by the Republic of South Africa. Formerly Basutoland, it is a member of the Commonwealth of Nations.

3/ Property for sale in Lesotho

For investors Lesotho offers a highly competitive environment that is conducive to productivity. The current investor package includes the following:

 * A stable social and political environment that is investor friendly, with a free enterprise and free market economic system forming the basis for sustained development and growth

 * A low corporate tax rate of 15 % on profits earned by manufacturing companies, with free repatriation of profits, as well as no secondary or withholding tax on dividends distributed by manufacturing companies to local or foreign shareholders. (Refer also to Banking and insurance)

 * A comprehensive export finance facility to support exporters with working capital on concessionary terms and unimpeded access to foreign exchange

New information from Lesotho suggests a need to rethink common utilitarian and dualist approaches to livestock keeping in southern Africa. Non-commercial livestock practices in Lesotho can only be understood as the product of a particular cultural ordering of property which constitutes livestock and cash as distinct domains which are not freely inter-convertible. The cultural rules which define and valorise livestock as a special category of property are not residues from a traditional past but products of a contemporary social process which involves both local power relations and the larger structures of the regional migrant-labour economy which condition them.

In order to attain its macroeconomic objectives, the government of Lesotho is continuing to place high priority on parastatal privatization and private sector development, with this strategy forming the primary source of growth and employment creation. Based on free market principles and private ownership of property, the Lesotho economy presents a relatively open economic and business climate. Any institutional and regulatory constraints that impede growth are being addressed.