The University of Swaziland (UNISWA) owes E60million (US$6 million) in unpaid Pay-As-You-Earn tax contributions to the Swaziland Revenue Authority (SRA).
King
Mswati, who rules Swaziland as sub-Saharan Africa’s last absolute monarch, and
hand-picks the Swazi Government, said in his speech at the opening
of parliament in
February 2015 that his kingdom now had a ‘huge challenge to develop more
institutions of higher learning for our youth in the country that will be
affordable to parents and of high quality’.
He added,
‘Therefore, government should upgrade our colleges into universities as this is
in line with our decentralisation policy.’
In
a report to the Swazi Parliament’s Finance Sessional
Committee, UNISWA said the financial problems at the university started from
the time of the kingdom’s economic meltdown in 2011 and that since then its
budget proposals have been cut.
Government’s subvention to the institution has over the years remained at E243 million; the same applies to the 2015/16 financial year which begins this month (April 2015).
Government’s subvention to the institution has over the years remained at E243 million; the same applies to the 2015/16 financial year which begins this month (April 2015).
‘We are
working under a difficult position and in the true business sense, the
university is insolvent, ’the report stated.
UNISWA said it might have to seek the intervention of King Mswati in the matter.
UNISWA said it might have to seek the intervention of King Mswati in the matter.
In March
2015 it was reported that the Swazi Government had not paid monies it promised to
Swaziland Christian University at Mahwalala, one of the newest
universities in Swaziland, and as a result it was unable to pay its wages and
salaries.
See also
VARSITY
BLAMES GOVT FOR CASH CRISIS
http://swazimedia.blogspot.com/2015/03/varsity-blames-govt-for-cash-crisis.html
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