SA Urged Not to Grant Loan to Swaziland
Three Swaziland-based NGOs in the country have appealed to the South African government to look at a number of things before granting a bailout to that country.
In a press statement, the Swaziland Democratic Front, Swaziland Coalition of Concerned Civic Organisations and the Coordinating Assembly of Non-Governmental Organisations, the NGOs appealed to SA not to consider the desperate request of the government of Swaziland for financial bailout.
They argue that under the Tinkhundla system of governance, which parades itself as a traditional and cultural based system of governance, 60 percent of the national revenue is spent on 20 percent of the population.
They further state that corruption is wide-spread, adding that the country’s finance minister estimates that E80 million is stolen from government coffers every month.
To read the article titled, “Do not grant loan to Swaziland – local NGOs,” click here.
In a press statement, the Swaziland Democratic Front, Swaziland Coalition of Concerned Civic Organisations and the Coordinating Assembly of Non-Governmental Organisations, the NGOs appealed to SA not to consider the desperate request of the government of Swaziland for financial bailout.
They argue that under the Tinkhundla system of governance, which parades itself as a traditional and cultural based system of governance, 60 percent of the national revenue is spent on 20 percent of the population.
They further state that corruption is wide-spread, adding that the country’s finance minister estimates that E80 million is stolen from government coffers every month.
To read the article titled, “Do not grant loan to Swaziland – local NGOs,” click here.
Source:
Times Live
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