Mswati hasn't signed for SA loan
South Africa’s R2.4 billion loan to Swaziland has yet to be signed as King Mswati appears to be reluctant to agree to the conditions - report
South Africa’s Treasury confirmed that no funds had been transferred to Swaziland, Business Day reports.
“The loan agreement has not been signed by the Swazi authorities and as such no money has been transferred to Swaziland,” Treasury spokeswoman Bulelwa Boqwana said.
The kingdom was desperate for financial support after losing about 60% of its revenue from the Southern African Customs Union, which had slumped due to slowing trade.
The first instalment of the loan was due to have been transferred to Swaziland in August, with subsequent payments credited in October and February.
As part of the agreement Swaziland had to: align its fiscal policy to International Monetary Fund standards, allow South African experts unhindered access to improve the country’s fiscal and budgetary plans, create platforms to attract foreign direct investment, and institute reforms to stabilise Swaziland’s economy.
DJWinner
Why can't SA government take this money and build houses for people? We can't just have R2.4 billion hanging there....People are sleeping on the streets man, please....Report Abuse
Mellow
Haaaaaaaaaaaaaahahahahaaha he is crazy what was he hoping that he will just be handed the money just like that on a silver platter nxaaa crazy horny bustard well either you agree to the terms and conditions or go smoke your socks on 2nd thoughts if he is reluctant to come to terms with the conditions then he doesnt really need the moola so yeah life goes onReport Abuse
Nincompoop
Here is another one stupid guy with many wifes ... This money is just to support his family and girlfriends. Our taxes, oh !!! cry our beloved countries. The whole world is suffering from bad leadership, Africa is even worse off and is going down....Report Abuse
grolsch
did he think it was his birthday present? if he does not sign then people of swaziland must hire hitmen to get rid of this rascal, once and for all.where is britain his biggest backers?
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leShandis
- i guess this means He dont need the money as bad as it was made to be- Anyway, SA needs the stash
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SilentPartner
Maybe he doesnt want it anymore after most people in SA and Swaziland were against it. Cosatu also raised their voice and the issue caught internationa media as well. So maybe the king decided not to take it. Maybe he must try the Mpumalanga provincial govenment. There are more Swazi speaking people in Mpumalanga than in Szaziland...Im kidding.Report Abuse
tsayaya
with 13 wives waiting to be spanked, no wonder this dude never wears trousers and shoez, only a kanga and sandals, always ready for action.Report Abuse