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110811tt 11 08 11 11 Aug 2011 The Times

South Africa bails out King Mswati III with R2.4 billion loan

South African Ministery of Finance has confirmed that they approved a five-year loan of R2.4-billion to crisis-hit Swaziland, on condition that the country implements certain political and governing reforms. Those opposed to the loan say the money will be used by Mswati and his 12 wives to fund their lavish lifestyles and will deter him from instituting much needed political reforms and the unbanning of political parties.

King Mswati has promised that these funds will enhance conditions for democracy in Swaziland

Today;s rations sponsored by the South African government

Swaziland Loan from South Africa Democracy Political reform King Mswati III Jacob Zuma Pravin Gordhan

Conditions attached to Swaziland loan: Gordhan -
South Africa’s decision to grant the Kingdom of Swaziland a R2.4 billion bailout package has prompted angry responses from opposition parties, the ANC Youth League and Cosatu.
South Africa defends $370 mln loan to Swaziland
VIDEO : R2.4bn Swaziland loan conditional on reforms -- Gordhan

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