SA bails out Swaziland

"This is a mutual agreement between the two governments and the South African Reserve Bank is the facilitating mechanism for the grant,"

Oh gee, and I thought central banks were "independent". I guess if they don't do what the government says they wouldn't be able to maintain their "independence" :-P
 
I dont have a issue with helping someone out... but seriously...

we have bigger issues at home to resolve before we go splashing out money for bailouts

eish
 
And, as usual, the SA taxpayer is left to foot the bill.

Us taxpayers have deep and nasty pocketses, and it's Govt's holy jihad to keep our nasty pocketses empty...
 
Oh yay! More of our tax paying money down the toilet.

maybe some of it can be used for underwear for these poor ladies now....
news-graphics-2007-_644462a.jpg
 
geez NSFW pic there

R2.5bn :eek: There is money we won't see again which could be used to help OUR PEOPLE. Fsck sakes this is stupid. Would LOVE to see how the money is going to be used. R100 says this won't benefit many.
 
Making sure we have a couple of regional friends before Field Marshal Malema invades Botswana?
 
An older artlicle (link) also states that the king has a personal fortune of $200 million, so why on earth does Swaziland need a bailout?
 
Article is totally mis-leading. "Lends" gives the impression that there is actually a possibility we will get the money back. In this case the swazi king will piss it down the drain and we will get stuff all back.
 
As my salary is probably more than Swazilands GDP, I wonder why I battle to get a homelone for a house of R1Mil. I suspect I need to apply at the Reserve bank and not ABSA.
 
Swaziland will not be able to repay the loan, and it will be written off. Then they'll apply for another loan and the whole spiel will start all over again.
 
Our little Greece...

Let them default, then they can behead their king. I thought that was the traditional "check and balance" of monarchal rule?
 
oh FFS! What are the people in control of this country fcking thinking! :-( stoepid stoepid stoepid!

If I was president I would say...fine...we give you the money...but we take control of your country and its finances untill such time that the loan is repaid and then you can have your country back mmmkay!
 
oh FFS! What are the people in control of this country fcking thinking! :-( stoepid stoepid stoepid!

If I was president I would say...fine...we give you the money...but we take control of your country and its finances untill such time that the loan is repaid and then you can have your country back mmmkay!

that means Juliassssssss will be president of swaziland!! :erm:

:D
 
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