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 South Africa, Swaziland sign memorandum relating to bail-out 

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“The financial authorities of the two countries are still discussing the matter of the loan,” South African Treasury spokesman Jabulani Sikhakhane said.

A South African government source said the MoU signed by the two countries covered “matters of assistance” relating to the loan. He gave no more details.

The loan was initially negotiated a year ago when Swaziland’s government was in the depths of a funding crisis caused by a slump in revenues from a regional customs union that have normally accounted for two-thirds of its income.

However, the loan was not immediately signed by Swaziland because of its objections to Pretoria’s imposition of conditions relating to political and economic reforms in the southern African kingdom, where political parties are banned.

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Wed May 22 16:19:15 SAST 2013 ::

Jun 26, 2012

Papage

No money should be given to this man, no king is Government, Zwaziland need a democradically elected President, not a king. He must make way for a President. Even if he can give our President 100 girls it is fine, dont give him money to abuse other people.
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Jun 26, 2012

thathakonke

It's a pity that when he gets this loan it will go staright to his coffers and not the needy. I still have that picture of a woman who has breast cancer and can only have treatment here in South Africa. Swaziland might s well be under South Africa cause patients who have life threatning conditions or who have to do major medical procedures must come here for their procedures or treatments.
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Jun 26, 2012

BiBi

hayi ndoda khangela nganxanye nathi sidla imbuya ngothi, ixoxo umazigxumele
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Jun 26, 2012

MommaC

Are we giving them MORE money?
Where has the money from Sadc gone already?
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Jun 26, 2012

Curry

lomali siphise ngayo kwiIMF, hambo cela kuMugabe
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Jun 26, 2012

maftowncity

Aowa,Motlotlehi, zaka eo e baie maan,re batla e khutle maan...jeerrrrrr..!
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Jun 26, 2012

Impela

There is unfortunately no disclosure of 'terms and conditions' attached to this loan for one to be certain that the loan money will not go towards personal excesses of King Mswati. In principle it would be to South Africa's disadvantage for Swaziland's economy to collapse because South africa withheld the loan.
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Jun 26, 2012

Little_Dude

"where are virgins" - that's what the picture potraits.

he looks desperately horny by the looks of his eyes
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Jun 26, 2012

truthhurt

Lets give it all this money away since we dont have:

Schools to build and teachers to pay.
Hospitals to build and Maintain.
Roads to build and Maintain.

And there are no poor people in SA, poverty is all make believe.
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Jun 26, 2012

swona

STD Bank declined my 3rd bond application, if they give this womaniser a loan, zuma will know me well, hope we get a president than this zuma!
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