Saturday, June 25, 2011

Swaziland goes to South Africa for bailout

International Business Times: "Swazi dissident groups have suggested Mswati, who has at least a dozen wives and an estimated personal fortune of $200 million, is looking for a 10 billion rand loan from Pretoria.

However, Deputy Finance Minister Nhlanhla Nene told Reuters this was probably too high.

'I'm not sure where the 10 billion rand figure comes from and I don't foresee assistance amounting to that much,' he said. 'It is too early to put a figure to it until such time as the review and the assessment of Swaziland's problems are done.'"