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Friday, 24 June 2011

S AFRICA ADMITS SWAZI LOAN REQUEST

Cash-strapped Swaziland has approached South Africa for financial assistance, the Department of International Relations finally confirmed yesterday (23 June 2011), Business Day in South Africa reports.

Over the past few weeks SA has denied reports of a loan request by the kingdom. In March, the Swaziland government proposed salary cuts and an indefinite pay freeze for public servants.

The newspaper reports that the kingdom was also struggling to meet its international obligations.

‘The South African government is in receipt of a loan request from the Swaziland government.

‘In this regard, the South African government is considering the request,’ the department’s spokesman, Clayson Monyela, said yesterday.

To read the full report, click here. http://www.businessday.co.za/articles/Content.aspx?id=146695

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