Latest articles on Swaziland Loan

Swazi unions determined to pile pressure on Mswati

Swazi unions plan to strike over impending salary cuts and government's resistance to democratic reforms.

Swaziland told not to borrow from central bank

Swaziland's economic woes are intensifying as it struggles to meet its civil servant payroll, forcing it to borrow money from its central bank.

Swaziland ‘being mortgaged for loan’

Swaziland's economy could collapse within six months if drastic steps are not taken to reduce the country's enormous wage bill and spiralling deficit.

Mswati III will foot Swaziland’s debt, but at what cost?

Swaziland's King Mswati III will fund a bailout of his government in a manoeuvre to acquire control of the local firms at knock-down prices.

Swaziland’s economy near collapse, says IMF

The IMF says Swaziland's economic growth will grind to near zero this year as the government's fiscal crisis rocks banks and private businesses.

Cosatu unions share business interests with King Mswati III

Despite their campaign against Mswati's despotic rule, Cosatu affiliates have been found to be involved in business deals with the Swazi king.

SA loan to Swaziland in the balance

A key beneficiary of the SA loan is rumoured to be co-owned by Swazi royal interests

Lion’s share of Swazi loan to go to construction

Cash-strapped Swaziland plans to spend nearly half of its R2.4-billion loan from South Africa on capital-investment projects.

Zuma defends loan to Swaziland

President Jacob Zuma has defended the R2.4-billion loan government has granted Swaziland, saying one shouldn't let one's neighbour collapse.

Swaziland to cut salaries despite SA loan

Swaziland's government will go ahead with planned salary cuts of civil servants despite receiving a $355-million bailout loan from South Africa.

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