Politics

SA loan to Swaziland has conditions: Gordhan

03 August 2011 - 18:34 By Reuters
subscribe Just R20 for the first month. Support independent journalism by subscribing to our digital news package.
Subscribe now
Finance Minister Pravin Gordhan. File picture
Finance Minister Pravin Gordhan. File picture

Swaziland needs to implement critical economic and financial reforms as part of conditions for a R2.4-billion rand bailout from South Africa, says Finance Minister Pravin Gordhan.

Gordhan said on Wednesday that the first of three tranches of the loan would be transferred in August when negotiations had been finalised and that repayments would be via debits from Swaziland’s share of regional customs receipts.

subscribe Just R20 for the first month. Support independent journalism by subscribing to our digital news package.
Subscribe now

Most read

  1. Zuma, MK Party seek extension to file in IEC's ConCourt application Politics
  2. Wenzeni uZuma? He stole and rendered country useless, says Bheki Mtolo Politics
  3. POLL | Should Jacob Zuma and Fikile Mbalula have tea to resolve their personal ... Politics
  4. SA calls for probe after reports of mass graves of Palestinian civilians in Gaza Politics
  5. DA's Msimanga 'exposes ANC's broken promises and corruption' in Gauteng Politics

Latest Videos

Photographer describes seeing spooked horses running through London as 'surreal'
Mikel Arteta salutes ‘unbelievable’ Kai Havertz after another impressive display