Bloomberg News

Swaziland Still Working on ‘Logistics’ of South African Loan

October 13, 2011

Oct. 13 (Bloomberg) -- Swaziland is finalizing the “logistics” of a 2.4 billion rand loan from South Africa, Foreign Affairs Minister Lutfo Dlamini said.

The country hasn’t rejected the bailout, Dlamini said by phone today from Mbabane, the capital, responding to a report in the Johannesburg-based Daily Sun newspaper that it would take a 10 billion rand loan from Qatar instead.

South Africa is waiting for Swaziland to sign the loan agreement, which had conditions, Bulelwa Boqwana, a spokeswoman for South Africa’s finance ministry, said by phone.

To contact the reporter on this story: Vuyisile Hlatshwayo in Mbabane at vshlatshwayo@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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