Sunday, June 26, 2011

Cosatu says Swazi officials can’t be trusted with loan

Lusanda Bill
26 June 2011


Cosatu warns that the administration of Swaziland's King Mswati cannot be entrusted with the loan meant to rescue the country.

Spokesperson Bongani Masuku says the crisis was caused by years of extravagance, corruption and poor management.

He says the same people cannot be trusted with managing the loan meant to rescue the country.

The South African government has admitted that it has received a request for a loan, but would not confirm reports that the amount was 10-billion-Rands.

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