Abstract
In 1967, shortly after Lesotho's political independence from the United Kingdom, Michael Ward desribed Lesotho in this Journal as ‘the economic hostage of South Africa’:it is clear … that Lesotho will become more and more economically dependent upon South Africa … in the short run it has virtually no hope of becoming economically viable or independent of South Africa and foreign aid.The objective of this article is to examine how these views hold up 15 years later, and to argue that although in summary form Ward seems to have been very accurate, the nature of Lesotho's dependence has changed in ways few would have foreseen at the time of independence. In addition, the contrast between the rhetoric of the Government and what has happened, and the prospects for the future, will be explored.

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