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SA loan to Swaziland delayed

Sep 02 2011 10:41 Reuters

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Johannesburg - The first slice of an emergency R2.4bn loan from South Africa to cash-strapped Swaziland was not paid in August, as previously expected, because final details of the deal have not yet been agreed, South Africa said on Friday.
 
“We were aiming for August. We’re still in discussion with the Swazi authorities,” Treasury spokesperson Kershia Singh said.

“It’s obviously taking longer than we anticipated.”
 
She declined to say when the agreement, which was unveiled a month ago, might be concluded or what was holding it up.

mswati iii  |  swaziland bail-out  |  sacu
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