But, it is waiting to see whether the Swazi Government is willing to put in place a package of austerity measures – that might include public sector wage cuts or retrenchments - before the deal is finalised.
The money is likely to come direct from the South African Government and not be routed through the Southern African Customs Union, as previously reported, (SAR) reports.
To read the full SAR report, click here.
SOUTH AFRICA ‘READY TO GIVE LOAN’
HAS SWAZILAND GOT BAILOUT OR NOT?