{"id":13955,"date":"2012-08-28T03:18:46","date_gmt":"2012-08-28T01:18:46","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/s-africa-bailout-loan-to-swaziland-to-start-in-sept\/"},"modified":"2012-08-28T03:18:46","modified_gmt":"2012-08-28T01:18:46","slug":"s-africa-bailout-loan-to-swaziland-to-start-in-sept","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-bailout-loan-to-swaziland-to-start-in-sept\/","title":{"rendered":"S.Africa bailout loan to Swaziland to start in Sept"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">CAPE TOWN<\/span> Aug 27 (Reuters) &#8211; South Africa is scheduled to release in September the first tranche of a 2.4 billion rand ($285.92 million) bailout to Swaziland, Africa&#8217;s last monarchy, Finance Minister Pravin Gordhan said in parliamentary documents released on Monday.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>The first tranche of three equal payments will be 800 million rand and subject to Swaziland meeting certain fiscal and technical conditions, Gordhan said in response to written questions.<\/p>\n<p><span><\/span><\/p>\n<p>The loan was negotiated a year ago when Swaziland&#8217;s government was battling a funding crisis caused by a slump in revenues from a regional customs union that usually accounted for two-thirds of its income.<\/p>\n<p><span><\/span><\/p>\n<p>However, the loan was not immediately signed by Swaziland because of its objections to Pretoria&#8217;s conditions on political and economic reforms in the land-locked southern African kingdom, where political parties are banned.<\/p>\n<p><span><\/span><\/p>\n<p>Gordhan said Swaziland will repay the loan over a five year period, starting in 2015, by means of a debit order placed on their revenue shares from the Southern African Customs Union.<\/p>\n<p><span><\/span><\/p>\n<p>Swazi King Mswati III, who has at least a dozen wives and a personal fortune estimated at $200 million, faced unprecedented protests 18 months ago when his appointed administration ran out of money after a 2009 recession in neighbouring South Africa.<br \/>\n($1 = 8.3941 South African rand)<\/p>\n<p> (Reporting by Wendell Roelf; Editing by Jon Herskovitz and Toby Chopra)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CAPE TOWN Aug 27 (Reuters) &#8211; South Africa is scheduled to release in September the first tranche of a 2.4 billion rand ($285.92 million) bailout to Swaziland, Africa&#8217;s last monarchy, Finance Minister Pravin Gordhan said in parliamentary documents released on Monday. The first tranche of three equal payments will be 800 million rand and subject [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13955"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13955\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}