It has been elevated to national language status, earning the same respect as English and French. Today Creole is a written as well as a spoken language, which has resulted in an outburst of creativity in plays, poetry and prose.The Kingdom of Lesotho is situated in the south eastern region of Southern Africa, covering an area of 30,355 km² and is entirely surrounded by South Africa. Lesotho’s geographical formation is characterised by high mountains and deep valleys, and it is the only country in the world to have all its entire territory located at more than 1,000 metres above sea level. More than 75 % of Lesotho is mountainous, with only 25 % considered lowland. The lowest point is 1,388 metres rising to almost 3,500 metres in the Maloti mountain range which forms the border with South Africa to the north east and south west.
Head of Authority: Dr Retselisitsoe Matlanyane
Sectors being Supervised: Banks and Non-banking Financial Services including Collective Investment Schemes, Collective Investment Scheme Managers, Central Securities Depository, Insurance, Securities Exchanges
The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.