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Showing posts with label Forbes. Show all posts
Showing posts with label Forbes. Show all posts

Friday, 15 December 2023

Swaziland Newsletter No. 807 – 15 December 2023

 

Swaziland Newsletter No. 807 – 15 December 2023

News from and about Swaziland, compiled by Global Aktion, Denmark (www.globalaktion.dk) in collaboration with Swazi Media Commentary (www.swazimedia.blogspot.com), and sent to all with an interest in Swaziland - free of charge.

 

King Mswati’s wealth now worth R10billion according to Forbes, as unfair competition by royal linked companies worsen poverty situation and creates tension in eSwatini

By Zweli Martin Dlamini, Swaziland News, 14 December, 2023

SOURCE 

MBABANE: Mswati has accumulated wealth worth R10billion ($500million), according to Forbes rating, as alleged unfair competition business environment created by giant companies linked to the King worsen poverty situation while creating tension.

Eswatini is a tiny Kingdom with about 70% of the population living below the poverty line, has been struggling with a collapsed health and education system.

Hundreds are reportedly dying amid shortage of drugs in public hospitals while State Universities or institutions of higher learning now rely on donations for working equipment with financially struggling students dropping out.

The World Bank reported that, the unemployment rate increased in eSwatini from 23% to 33.3% in 2021 amid escalating costs of basic commodities.

But in the midst of the poverty situation, King Mswati, the Africa’s last absolute Monarch, owns shares in giant companies in the construction, tourism, agriculture, telecommunications and forestry industries among others.

Reached for comments by this Swaziland News, Percy Simelane, the King’s Spokesperson said, it was difficult to know how Forbes reached the figure suggesting that, the King’s wealth was worth R10billion(500million).

“As the King’s rating formulae is an exclusivity to the person(s)who do the rating it shall continue to be difficult to figure what exactly was being calculated or considered as variables to his wealth. We therefore elect not to commit half-headedly and pretend we know how the sum total was reached. The figures keep on changing and we never get to know why it changes from time to time”, said the King’s Spokesperson when responding to a questionnaire from this publication.

On Wednesday this week, Thulisile Dladla, the Deputy Prime Minister (DPM) visited Mgidzangcunu in the outskirts of Vuvulane, one of the areas situated in the poverty stricken Lubombo Region which is facing high levels poverty.

The purpose of the visit, it has been disclosed, was to assess the poverty situation however, similar visits by senior Government officials and politicians were witnessed before without a political will to address the challenges affecting the people of Mgidzangcunu.

But the poverty situation at Mgidzangcunu is experienced a few meters away from sugar-cane fields that supply the Royal Eswatini Sugar Corporation (RESC) at Mhlume and Simunye, some of the Mgidzangcunu citizens were forced to poverty after their sugar-cane fields were forcefully grabbed by King Mswati and his Mother Ntombi Tfwala.

It has been reported that in 2021, eSwatini exported raw sugar worth over R8billion, the sugar was exported to countries that include South Africa, Kenya, Rwanda and other parts of Europe.

Speaking to this publication on Thursday, Mphisi Dlamini, the Acting Chief of Vuvulane said, the poverty situation in the area was worsened by the King’s decision to grab their land for his personal sugar-cane farming business.

To read more of this report, click here

https://swazilandnews.co.za/fundza.php?nguyiphi=5736

See also

Mswati not remitting 25% ‘in trust for the Swazi Nation’ minerals shareholding worth billions amid shortage of drugs in hospitals, King’s Spokesperson says public benefiting through Tibiyo scholarships

https://swazilandnews.co.za/fundza.php?nguyiphi=5728

Mswati spends over R100million purchasing Ferrari cars for his children amid shortage of drugs in public hospitals, King’s Spokesperson says it’s a private matter

https://swazilandnews.co.za/fundza.php?nguyiphi=5711

 

Masculinity supposed to protect vulnerability of our community

By Thamsanqa KrTC Sibandze, eSwatini Observer, 14 December 2023

SOURCE 

As a man, a son, a brother and a member of this society, the rising levels of gender-based violence (GBV) in Eswatini demand our immediate attention and unwavering commitment.

We can no longer stand by as our sisters, mothers and daughters face the brutal realities of violence – it is time for us to RISE!

The One Billion Rising Eswatini movement is gearing up for the 2024 ‘Rising’ to unite Emaswati against the scourge of GBV. We, as men, are called upon to join this movement, to be part of the solution, and to imagine a world free from the shackles of violence, inequality and injustice.

In recent times, the world has been marred by turmoil and Eswatini is no exception. Our country grapples with socio-economic and political challenges, with an alarming rise in violence against women.

Femicide, the brutal killing of women, has reached unprecedented levels, often perpetrated by spouses or partners. The escalating figures are not just statistics; they represent human beings whose security has been violated, often without access to support and justice. We cannot afford to turn a blind eye any longer.

Rising festivals, organised by the One Billion Rising Campaign, provide spaces for compassion, healing and envisioning a world without violence.

As men, we must ask ourselves: What world do we want to create? How can we contribute to a society free from oppression and abuse?

We must rise to the principles of ending violence towards women, understanding patriarchy, and promoting care, community, trust and interconnectedness.

When men stand up and speak out against social issues, the impact resonates throughout society like a powerful ripple effect.

History has shown that real change occurs when men, as allies and advocates, take a stand against injustice.

To read more of this report, click here

http://new.observer.org.sz/details.php?id=21671

 

Drugs shortage: cops question 8 civil servants

By Stanley Khumalo, Times of eSwatini, 13 December 2023

SOURCE 

MANZINI: About Eight civil servants have reportedly been interviewed by the police to date as part of investigations into the shortage of medical drugs in public health facilities.

According to sources, following the call by the Prime Minister (PM), Russell Dlamini, to the Royal Eswatini Police Service (REPS) to intensify investigations into any corrupt practice by service providers and government employees throughout the entire supply chain of pharmaceuticals, with the intention to punish offenders; eight people have been interviewed. It is worth noting that in February 2023, the Auditor General (AG), Timothy Matsebula, presented his Forensic Investigation Proposal and Audit of Acquisition, Distribution and Management of Pharmaceuticals Report, where he stated that drugs worth E151.6 million were missing and or unaccounted for in public health facilities around the country.

This is despite that in the past five years; the Ministry of Health was awarded a budget of E12.66 billion. Conversely, the call to present information to the police was also emphasised by the Director of Funduzi Forensic Services, Zakhele Dlamini. Dlamini said people with information should assist government in finding the root cause of the medical drugs and pharmaceutical supplies shortage. He said this would assist the police in investigating the issue in line with the forensic investigation done by his entity. Dlamini said by registering information with the police, the ‘whistle-blowers’ would be assisting in speeding up the investigations into the health crisis. He pleaded with the nation to assist in bringing the issue to its finality. Dlamini said his company was willing to assist in any manner regarding the investigation as per their commitment to government.

Funduzi Forensic Services was recruited by government to conduct a forensic investigation into the supply of medicines to public health facilities. The sources shared that, the police had engaged with the eight civil servants and others who were implicated, seeking information to establish their role in the procurement of medical drugs and pharmaceutical supplies.

It has been gathered that those who were interviewed were also questioned on what they knew about what led to the shortage of medical drugs and pharmaceutical supplies in public health facilities. 

To read more of this report, click here

http://www.times.co.sz/news/143033-drugs-shortage-cops-question-8-civil-servants.html

 

Storm leaves damage worth millions in eSwatini shortly after Senator Tony Sibandze moved a motion to establish a Climate Change Committee

By Bongiwe Dlamini, Swaziland News, 9 December, 2023

SOURCE 

NGCULWINI: The effects of climate change are beginning to be costly to ordinary eSwatini citizens as a storm that destroyed cars and houses was experienced at Ngculwini and other areas on Friday afternoon.

The storm came after the landlocked tiny Kingdom situated in Southern Africa, experienced an extremely hot weather.

But, Senator Tony Sibandze successfully moved motion a motion for the establishment of a Climate Change Committee, the Senate Committee seeks to work with the Executive arm of Government and other stakeholders in addressing issues of climate-change.

Speaking to this Swaziland News, one of the affected residents at Ngculwini said, she had prepared her house for children to visit during the festive season but the storm damaged all windows.

“I was preparing for the kids to visit home during Christmas but the storm has destroyed all windows”, she said.

Government Spokesperson Alpheous Nxumalo had not responded at the time of compiling this report, he was asked if government had or will assess the damage caused by the storm.

The United Nations (UN)Sustainable Development Goals(SDGs) list climate change as goal number thirteen(13), that seeks to encourage countries to limit and adapt to climate change. 

Climate change is one of the seventeen (17)Sustainable Development Goals established by the UN General Assembly in 2015 and the official mission statement of this goal is to “take urgent action to combat climate change and its impacts”. 

Random countrywide raids to curb crime coming:  Minister

By Sifiso Dlamini, Times Sunday, 10 December 2023

SOURCE 

MBABANE: Random countrywide raids, 24-hour roadblocks could be a norm in the near future.

This may well be the new normal should the aspirations of the new Minister of Justice and Constitutional Affairs, Prince Simelane come to fruition. Presenting an idea on how to curb corruption and crime in the country, the minister proposed embarking on random raids countrywide, through a joint venture by the country’s security forces. He also envisaged that mounting roadblocks in various strategic areas around the country day and night would go a long way towards cleaning the country’s streets and ridding it of crime. The minister advocated for sweeping operations meant to ensure peace and stability and a crime free country.  He said this would have a positive contribution towards removing the now abundant illegal firearms from the hands of criminals.

The minister revealed that such security tactics have been adopted by other countries, including some in the SADC region, yielding measurable success in reducing crime levels. He used Lesotho as an example, where he stated that the national army took over security duties from the police and conducted patrols and roadblock checks. He clarified that, this however, was doable through collaborative work by all security forces in a joint venture. However in order to achieve his dream for the country, the minister echoed his submission during the parliamentarians courtesy call to His Majesty King Mswati III at Mandvulo Grand Hall, where he proposed the increase in number of security force personnel. This was where members of the 12th Parliament introduced themselves to the King and made their presentation on how they believed the country could move forward and fulfill His Majesty’s vision to end corruption, address the poverty crisis and unemployment, as well as economic growth.

While making his submissions the minister pleaded with His Majesty and government to consider increasing the number of security forces personnel to provide a fence or shield around the country, to maintain peace and order. Adding, the minister said this was essential because no investor would be interested in investing in an unstable country where businesses, government structures, equipment and tinkhundla centres were burnt down and vandalised at any given time. The minister suggested that the Umbutfo Eswatini Defence Force (UEDF) should be increased to 15 000, Royal Eswatini Police Service (REPS) to 12 000, His Majesty’s Correctional Services (HMCS) to 10 000. The minister also suggested increasing the Eswatini National Fire, Rescue and Emergency Services (ENFRES)  personnel, which he also pleaded that they should be recognised as security forces to 5 000.

During an interview with the Times Sunday, Minister Prince Simelane asserted that his current ministry was also an important fence or shield for the country, as it was mandated to enforce the law through prosecuting cases working together with the other law enforcement agencies. He assured that during his tenure in office, he would do the best he could to ensure justice prevailed and was fair to all. He further pointed out that increasing the number of security forces personnel alone, would not be practical, as there was also a need to ensure that they were provided with all the working tools and equipment they required. “For this to be a success, government has to ensure that the security forces are well-equipped, unlike in previous situations where there was a shortage of vehicles and fuel for police officers resulting in them being unable to promptly attend to calls,” said the minister. Simelane has urged the Correctional Services which falls under his portfolio to engage the REPS and UEDF to embark on periodic random sweeping exercises, where they would conduct raids across all four regions in the country and be proactive in preventing crime.

He suggested that these raids should be conducted once a month and should not be isolated to urban or peri-urban areas, but countrywide in all four regions including townships and rural areas. “Currently, crime is on the rise in the country and there are a lot of illegal firearms circulating and being used to commit heinous crimes as well as drug smuggling. I believe that such raids would be important in sweeping the country and curbing crime,” he said. The minister further called for 24-hour patrols across the country and the mounting of roadblocks even at night no matter the weather conditions to ensure safety and peace in the country while reducing crime. “If we can manage to do this as a country, it will go a long way in ensuring service delivery and allowing emaSwati to rest easy while knowing they and their assets are protected,” he said. The minister also proposed that all tinkhundla centres across the country should be guarded day and night as well as all schools and government structures such as ministerial buildings, court houses as part of what he themed efficient service delivery.

 

SWAZI MEDIA COMMENTARY

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Thursday, 4 April 2019

‘Forbes’ article praising Swaziland King thought to be April Fool joke was public relations piece

An article in the international business magazine Forbes Africa that praised King Mswati III, the absolute monarch of impoverished Swaziland / eSwatini, for his ‘his highest aspirations for the welfare of its people,’ that was widely circulated on social media on 1 April 2019 was thought by many to be an April Fool joke.

Instead, it turns out the article was genuine; but it was not a piece of objective journalism, only public relations. It was produced by the marketing company Penresa and was published in the magazine for a fee. The cost has not been publicly disclosed. Penresa said the article was produced with the ‘guidance’ of Sibi Mngomezulu, eSwatini Ambassador in Brussels, and Christian Nkambule, eSwatini High Commissioner in London. 

The articles raised smiles among people with knowledge of the kingdom that has been in financial meltdown for years. The King holds power by banning political parties from taking part in elections and jailing those who campaign for democracy.

The article referred to the Royal Family’s as intent on bringing ‘prosperity to the country with forward-thinking measures that are paving the way for the nation’s sharp national economic growth and modernisation’.

The article did not say that when delivering the national budget in February 2019 Finance Minister Neal Rijkenberg reported Swaziland was broke and ‘facing an unprecedented economic crisis’. In his speech he said the ‘economic outlook remains subdued’. Foreign direct investment into the kingdom ruled by King Mswati who is sub-Saharan Africa’s last absolute monarch, was getting worse – with a contraction of 0.4 percent in Swaziland’s GDP for 2018.

‘The economy has stagnated and we are failing to attract investment as the gap between the rich and poor continues to grow,’ Rijkenberg said. He added that for too long, ‘this economic reality has not been addressed’.

Forbes Africa made no mention of the vast spending by King Mswati and his Royal Family who continue to spend lavishly. The King has at least 13 palaces and fleets of top-of-the-range Mercedes and BMW cars. He and members of his extensive Royal Family (he has had at least 15 wives) live opulent lifestyles and are often seen in public wearing watches and jewels worth hundreds of thousands of dollars.

The King wore a watch worth US$1.6 million and a suit beaded with diamonds weighing 6 kg, at his 50th birthday party in April 2018. Days earlier, King Mswati took delivery of his second private jet aircraft that with upgrades was estimated to have cost US$30 million.

In recent years public hospitals have run out of vital medicines and schools have closed because supplies of food to feed children have run out. This is because the government failed to pay suppliers. 

The article in Forbes Africa was produced by Penresa which describes itself as ‘an independent consultancy agency, specialized in marketing and communication for emerging markets’.

It said it targeted countries that are ‘casting off their former labels’.

Richard Rooney

See also

Swaziland people pay E1 billion for absolute King’s upkeep, but it’s kept a secret
Swaziland King prepares for lavish birthday celebrations, despite dire poverty in the kingdom
https://swazimedia.blogspot.com/2019/03/swaziland-king-prepares-for-lavish.html

Wednesday, 11 October 2017

MSWATI THIRD WEALTHIEST KING

King Mswati III, the absolute monarch in Swaziland, has been named the third wealthiest King in Africa by an international business website.  

Business Insider reported that he has a net worth of US$200 million. In a short report, it said, ‘King Mswati III has often been criticized for his lavish lifestyle, with many local and international media outlets accusing him of living an extravagant life, while his people languish in poverty.’

The wealth of the King who is sub-Saharan Africa’s last absolute monarch, has been the subject of speculation outside of Swaziland for years. He rules over a population of about 1.3 million people and seven in ten of them live in abject poverty with incomes of less than US$2 a day.

In 2014 Forbes magazine reported the King had a personal fortune of US$50 million, but this did not include the estimated US$140 million he holds through the conglomerate Tibiyo TakaNgwane, that he supposedly ‘holds in trust’ for the Swazi nation.

King Mswati owns 13 palaces, a private jet airplane, fleets of Mercedes and BMW cars and at least one Rolls Royce, while the majority of his subjects rely on some form of food aid to avoid hunger. At least 40 percent of the working population is unemployed.

Forbes, in an analysis of the richest monarchs in Africa reported that the King was ‘more well known for his relationships with women (he had at least 15 wives at the last count), and for his flamboyant parties’.

Forbes reported, ‘The King is one of Africa’s wealthiest royals. His personal net worth is at least $50 million, based on the annual $50 million salary that he is paid out of government coffers. 

‘He also controls Tibiyo TakaNgwane, an investment holding company that owns stakes in sugar refining giants Ubombo Sugar and Royal Swaziland Sugar Corporation (RSSC), dairy company Parmalat Swaziland, spirits manufacturer Swaziland Beverages and hotel chain Swazi Spa Holdings. The company has assets worth over $140 million, but he holds it in trust for the people of Swaziland.’

This was not the first time Forbes reported on the King. In 2012, Forbes named King Mswati as one of the top five worse rulers in Africa. 

It added, ‘He lives lavishly, using his kingdom’s treasury to fund his expensive tastes in German automobiles, first-class leisure trips around the world and women. But his gross mismanagement of his country’s finances is now having dire economic consequences. Swaziland is going through a severe fiscal crisis. 

‘The kingdom’s economy is collapsing and pensions have been stopped. In June last year, the King begged for a financial bailout from South Africa.’

In 2009, Forbes named King Mswati among the top 15 wealthiest royals in the whole world. 

In February 2011 the Mail & Guardian newspaper in South Africa reported King Mswati also had US$10 billion that was put in trust in King Mswati’s name for the people of Swaziland by his father, King Sobhuza II.

In 2015, a report from the United States government  concluded there was no oversight in the kingdom on how the King, his 15 wives and vast Royal Family spent public money.

See also

KING DIVERTS WEALTH FROM HIS SUBJECTS
KINGDOM’S WEALTH STAYS WITH THE KING
KING MSWATI SPENDS AND SPENDS
http://swazimedia.blogspot.com/2011/07/calls-to-probe-swazi-kings-wealth.html

Wednesday, 4 June 2014

SWAZI KING THIRD RICHEST IN AFRICA

King Mswati III of Swaziland is Africa’s third wealthiest monarch with a personal fortune of US50 million, even though more than 65 percent of his 1.3 million subjects are forced to scrape by on less than $1.25 a day, according to new data published by Forbes magazine.

The fortune does not include the estimated US$140 million he holds through the conglomerate Tibiyo TakaNgwane, that he supposedly ‘holds in trust’ for the Swazi nation.

King Mswati III, who rules as sub-Saharan Africa’s last absolute monarch, owns 13 palaces, a private jet airplane, fleets of Mercedes and BMW cars and at least one Rolls Royce, while the majority of his subjects rely on some form of food aid to avoid hunger. At least 40 percent of the working population is unemployed.

Forbes, in an analysis of the richest monarchs in Africa reported that the King was ‘more well known for his relationships with women (he had at least 15 wives at the last count), and for his flamboyant parties’.

It added, ‘He turned 46 recently, with his birthday coinciding with the Christian Easter holidays. Not willing to share the spotlight with Jesus, King Mswati postponed his birthday celebrations for five days so that a proper national holiday could be held in his honor. 

‘American R&B artist Erykah Badu performed for the King during the expensive celebrations, irking thousands of human right activists.’

Forbes reported, ‘The King is one of Africa’s wealthiest royals. His personal net worth is at least $50 million, based on the annual $50 million salary that he is paid out of government coffers. 

‘He also controls Tibiyo TakaNgwane, an investment holding company that owns stakes in sugar refining giants Ubombo Sugar and Royal Swaziland Sugar Corporation (RSSC), dairy company Parmalat Swaziland, spirits manufacturer Swaziland Beverages and hotel chain Swazi Spa Holdings. The company has assets worth over $140 million, but he holds it in trust for the people of Swaziland.’

This is not the first time Forbes has reported on the King. In 2012, Forbes named King Mswati as one of the top five worse rulers in Africa. 

It reported the King ruled over a kingdom which has one of the world’s highest HIV prevalence rates: ver 35 percent of adults. Its average life expectancy is the lowest in the world at 33 years; nearly 70 percent of the country’s citizens live on less than $1 a day and 40 percent are unemployed. 

It added, ‘But for all the suffering of the Swazi people, King Mswati has barely shown concern or interest. 

‘He lives lavishly, using his kingdom’s treasury to fund his expensive tastes in German automobiles, first-class leisure trips around the world and women. But his gross mismanagement of his country’s finances is now having dire economic consequences. Swaziland is going through a severe fiscal crisis.
‘The kingdom’s economy is collapsing and pensions have been stopped. In June last year, the King begged for a financial bailout from South Africa.’

In 2009, Forbes named King Mswati among the top 15 wealthiest royals in the whole world.

Monday, 14 October 2013

‘TIMES’ BLOWS COVER ON KING’S WEALTH

A Swazi newspaper has told its readers that King Mswati III’s net personal wealth is estimated at US$200 million (E2 billion), breaking protocol that the personal life of the monarch is never discussed.

The estimate first came from the Forbes magazine in 2007, repeated in 2009 and has been widely reported all over the world and used extensively by critics of the king who say he squanders money on himself while seven in ten of his 1.3 million subjects live in abject poverty on less than US$2 per day.

Now, the Times Sunday,an independent newspaper in the Swaziland where King Mswati rules as sub-Saharan Africa’s last absolute monarch, has reported an interview the king gave with the international news agency, Reuters.

The interview was published on 13 September 2013, but it is only now that the Times has reported on it.
In its report the Times Sunday says, ‘In 2009, Forbes magazine estimated his personal wealth at US$200 million (about E2 billion).

‘In response to this estimation, the king told Reuters that he had no idea where the figures came from.

‘“I was very surprised and wondered where I got all this amount of money,” said His Majesty the King.

‘“You just live according to what you can afford and according to your taste within the budget that has been allocated. It’s not in anyone’s interest to overspend.”’

The report from Reuters, published in the run-up to the national election in Swaziland in September, was largely critical of the king.

Reuters reported, but the Times Sunday did not repeat, ‘The king denied accusations of autocracy and was unapologetic about the lavish lifestyle enjoyed by him and his dozen or so wives, each of whom has a palace paid for by an administration that he himself appoints.’

It added, ‘On the streets of the capital, Swazis offer criticism of the king only in whispered tones, leaving the most strident voices to come from the relative safety of South Africa.

‘“This is a monarchy that says there is a constitution for the government and then says that we rule above it," Wandile Dludlu of the Swaziland United Democratic Front, a coalition of pro-democracy activists, told a seminar in Pretoria this week.

‘“We should not allow Mswati to play God over our lives.”’

Reuters also reported, ‘Despite his [the king’s] self-assurance, outside the concrete walls of Lozitha, guarded by soldiers and conveniently sitting next door to the Ministry of Defence, all is not well in the tiny sugar-producing kingdom of rocky hills and rolling plains.

‘Swaziland has the world's highest HIV/AIDS rate, with more than one in four adults infected, and the $4 billion economy is flat-lining, starved of investment and struggling to recover from a 2011 budget crunch that almost bankrupted the state.’

Reuters also quoted a report from the UK-based think tank Chatham House which said,‘Swaziland is on a non-sustainable trajectory, which the king and the government will ignore at their peril.’

Reuters reported, ‘The chief resident of Lozitha [the king] does not share the concerns.’

The publication by the Times Sunday of the Reuters’ report will bring back memories of 2007, when King Mswati threatened to close down the newspaper and its companion titles the Times of Swaziland and Swazi News after it reported a news agency report critical of the king.

Then, the Times Sunday reported Afrol News, from Norway, which said, ‘Swaziland is increasingly paralysed by poor governance, corruption and the private spending of authoritarian King Mswati III and his large royal family. The growing social crisis in the country and the lessening interest of donors to support King Mswati’s regime has also created escalating needs for social services beyond the scale of national budgets.’

King Mswati called the Times publisher to Lozitha Palace and threatened to close down the newspapers unless the people responsible for the publication of the article were sacked and an abject apology was published. The Times did as it was told.

On the Thursday (22 March 2007) following publication an ‘unreserved apology’ to the king was published on the front page of the Times of Swaziland (repeated in the following week’s Times Sunday).

The apology signed by both the publisher and managing editor of the Times Group said the article, ‘was disparaging to the person of His Majesty in its content, greatly embarrassed him and should not have passed editorial scrutiny.’

It went on, ‘Our newspapers take great care with matters regarding the monarch, being conscious always of the unbreakable link of the King with the Nation. What occurred is reprehensible and we will renew our vigilance in editorial matters with the utmost vigour.’

To make absolutely certain that there was no doubt of the newspaper group’s subservience to the king, it finished the apology, ‘Once again your Majesty, our sincere and humble apologies.’

See also

CLOSURE THREAT AT ‘TIMES’
KING ADMITS NO CHANGE ON DEMOCRACY
SWAZILAND KING KEEPS COINING IT IN

Monday, 27 February 2012

STILL NO SACRIFICE FROM SWAZI KING

King Mswati III of Swaziland has once again refused to make any sacrifice to help get his Kingdom out of the economic mire.

Even though members of the government he handpicks have been forced to take 10 percent salary cuts and he wants all public servants, including teachers and hospital workers, to take a similar reduction, he is not prepared to take any cut himself.

Instead, we can reveal that unreported details from the kingdom’s national budget show King Mswati and his royal family will continue to receive E210 million a year from the Swazi taxpayer for their own use. This is the same amount they got in the financial year 2011/12 just ending, but is an increase of 23 percent over 2010/11 and a whopping 63 percent compared with what he took from his subjects in 2009/10.

Earlier this month (February 2012), the King’s Finance Minister Majozi Sithole in his budget speech praised politicians and royal committees ‘who have shown leadership’ by accepting a 10 percent cut in their salaries, saving government around E6 million in 2011/12. What he didn’t say was that King Mswati himself showed no leadership by taking a cut himself.

Sithole also praised ‘their Majesties for the solid support, keen interest, and dedication to the welfare of the nation they have displayed over the past year’. But, it is difficult to see this dedication in practice.

Sithole made no reference to the amount the King would receive from his subjects this year. And, even though the detail of the King’s budget has been available to the media in Swaziland for two weeks none have reported it (nor are they likely to).

While King Mswati refuses to cut his slice of the pie, Sithole gave candid statistics about the plight of King Mswati’s subjects.

‘Over 60 percent of the population lives in poverty. Nearly 66 percent don’t have a bank account. A quarter of all adults is estimated to have HIV and average life expectancy at birth is the lowest in the world. Over half of all youth are unemployed and a quarter of children who start primary school drop out before the end of Grade Seven,’ he said.

Later Sithole, revealed that Swaziland was so broke and poverty and hunger so widespread that he would have to seek a E264 million (US$37.8 million) loan for a food security project to grow more maize. In a typical year as many as one third of the Swazi population rely on international food aid to avoid malnutrition.

King Mswati’s selfishness will come as no surprise to observers. He has never done a salaried day’s work in his life, yet, according to Forbes, he has a personal fortune estimated at US$200 million. He also personally controls a trust fund set up by his father King Sobhuza II that is estimated to be worth US$10 billion.

He also ‘holds in trust for the nation’ the profits of Tibiyo Taka Ngwane, an investment fund with extensive shares in a number of businesses, industries, property developments and tourism facilities in Swaziland. This money is supposed to be used for the benefit of the people but the vast majority is actually used for the King’s own personal use.

See also

BROKE SWAZIS PAY FOR KING’S VANITY

http://swazimedia.blogspot.com/2012/02/broke-swazis-pay-for-kings-vanity.html

THE HYPOCRISY OF KING MSWATI III

http://swazimedia.blogspot.com/2012/02/hypocrisy-of-king-mswati-iii.html

Tuesday, 14 February 2012

SWAZI KING IN TOP 5 WORST IN AFRICA


Earlier this week the Swazi media were crowing because King Mswati III had been chosen among the top 100 'hottest' (ie sexiest) leaders in the world.

I’d bet they won’t be telling their readers that King Mswati has also made it to the top five worst leaders in Africa in this poll for Forbes.

These are the reasons why he’s down there with the worst of them:

Sub-Saharan Africa’s last absolute monarch presides over a country which has one of the world’s highest HIV prevalence rates: ver 35 percent of adults. Its average life expectancy is the lowest in the world at 33 years; nearly 70 percent of the country’s citizens live on less than $1 a day and 40 percent are unemployed. But for all the suffering of the Swazi people, King Mswati has barely shown concern or interest. He lives lavishly, using his kingdom’s treasury to fund his expensive tastes in German automobiles, first-class leisure trips around the world and women. But his gross mismanagement of his country’s finances is now having dire economic consequences. Swaziland is going through a severe fiscal crisis. The kingdom’s economy is collapsing and pensions have been stopped. In June last year, the King begged for a financial bailout from South Africa, and the country is at a dead end, so badly that it recently announced its withdrawal from the 2013 Africans Nations Cup, citing lack of finances as the principal reason.