Fin24

SA loan to Swaziland delayed

2011-09-02 10:41

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.

Comments
  • kitchenboy3 - 2011-09-02 10:51

    Is King Twat still looking for his comission?

  • Netherlander - 2011-09-02 10:56

    Old MSWATI must be pi55ed off! His R400m LABOLA for his sister...has NOT BEEN PAID !!!!!!

  • Roundana - 2011-09-02 11:09

    just cancell the whole thing, Mswati is already demandig a R400 million commission on it.

  • Rob Gunning - 2011-09-02 11:26

    By finer details are we refering to the "dictators commission" he requires for organising the loan?

  • DeonL - 2011-09-02 11:29

    The cut for the King migh be the hold up.

  • Ingie - 2011-09-02 11:34

    Good dont think they should get it anyway as we wont get it back. Gordhan should be helping our country not Swaziland as the KIng will be taking the money for himself...the proof is there already and thats why they are bankrupt.

  • Adriano1 - 2011-09-02 11:39

    We should reconsider to grant the loan. With the claim for the commission to arrange the loan. I would do a 180 degree about turn and walk away from the deal. After all it is due to his Poor leadership that they in the position that they are in! The money has not even landed there yet and they are already grabbing at it!!! Unfortunately the poor people on the ground get affected but they should collectively stand up against this poorly ruled Kingdom. Has it still got a place in the day and age? Look at what is happening in the rest of Africa. The poor are getting tired of sitting by the way side while a few get super rich and forget why they are in public office. To serve the public.

  • Michael - 2011-09-02 11:39

    Abort...

  • Bill - 2011-09-02 11:46

    In view of the Kings attitude to commission, scrap the loan altogether..! Swaziland does not meet the IMF loan requirements and he wont get a loan there The King must understand that he cannot abuse the generosity of South Africa in granting him the loan in the first place. Which he has already done by demanding a commission! There should be very strict limitations and conditions attached to this loan and it should be managed unconditionally by an independent Auditing entity to ensure it is used to full advantage instead of merely wasted…! There is not a hope in hell Swaziland will be able to repay this loan... So it is not really a loan it is an endowment…! Period

  • Hermann Hanekom - 2011-09-02 11:59

    Do the details include the King's commission?

  • swoan - 2011-09-02 12:00

    my R1m loan at ABSA was declined as well, why aproave this womaniser's loan?

  • sobeit - 2011-09-02 12:06

    It should be cancelled, not delayed.

  • Ingie - 2011-09-02 12:07

    WHY ARE THE COMMENTS NOT BEEN SHOWN!!!???

  • Sisie - 2011-09-02 12:09

    Where are the comments?

  • Sisie - 2011-09-02 12:11

    What hasn't the commission to the Mwasti been decided on yet. Oh wait he has spent it all already.

  • whereu - 2011-09-02 12:21

    Don't delay, cancel!

  • derkus - 2011-09-02 12:27

    don't pay them

  • Aleg - 2011-09-02 12:33

    Delay it until our own country is fixed up, i.e. roads, hospitals, etc. Let Mswati dip into his own pocket to bail his country out. His father left him 9 billion US dollars in trust.

  • gatvol4corru - 2011-09-02 18:10

    why even considering paying the arrogant fat king?

  • nxumalo sicelo - 2011-09-03 14:50

    Do you want Swazis to flock into SA in drones? That is what will happen. Hope you are ready to absorb about 800 000 swazi illegal immigrants because even if they are improsoned, you will still feed them with your money in prison anyway.

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