VC What would it be? And why today are the ones who rejoice more than any person after 1994 Breakthrough? If its not regime change then it got to be reform or something sophisticated like wise, but the outcome is the same.
Vanguard. Sent from my BlackBerry® wireless device -----Original Message----- From: Dominic Tweedie <[email protected]> Sender: [email protected] Date: Thu, 1 Sep 2011 08:15:14 To: <[email protected]> Reply-To: [email protected] Subject: Re: [YCLSA Discussion] IMF: Swaziland crisis worsening For your information the SACP does not go in for "regime change". VC On 1 September 2011 07:53, <[email protected]> wrote: > Cde Sive > > Seems you are longing for ANC Disciplinary Committee, the word regime > change is only for COSATU and SACP. And able to defend themselves that they > are not substructures of the ANC. > > The should be constitutional amendments regarding Autonomy for Independence > with ANC political guidance if not so NGO's would lead like TAC does. ANCYL > should be given space to lead young people to attain its twin tasks. > > Vanguard! > > Sent from my BlackBerry® wireless device > ------------------------------ > *From: * [email protected] > *Sender: * [email protected] > *Date: *Thu, 1 Sep 2011 05:42:31 +0000 > *To: *<[email protected]> > *ReplyTo: * [email protected] > *Subject: *Re: [YCLSA Discussion] IMF: Swaziland crisis worsening > > This is very simple comrades. There must be a regime change and Mswati must > either by force or what. > > The will of the people has always been there but as well the romantic > relationship between our government that monarch is not assisting our fellow > brothers and sisters. > > Makasuswe Mswati qha... > > Sive > > > > > > > > Sent from my BlackBerry® wireless device > ------------------------------ > *From: * Dominic Tweedie <[email protected]> > *Sender: * [email protected] > *Date: *Thu, 01 Sep 2011 07:13:33 +0200 > *To: *<[email protected]> > *ReplyTo: * [email protected] > *Subject: *[YCLSA Discussion] IMF: Swaziland crisis worsening > > > [image: Business Day] > > > *Swaziland’s financial crisis is worsening - IMF * > ** ** > ** ** > *Ed Cropley, Business Day, Johannesburg, 1 September 2011 * > ** ** > THE fiscal crisis gripping Swaziland is deepening despite an emergency > R2,4bn loan from SA earlier this month, the International Monetary Fund > (IMF) said yesterday.**** > ** ** > An IMF delegation completed a two-week visit to Swaziland to investigate > whether it was doing enough to win the fund’s blessing to secure foreign > loans. Swaziland has failed several times to satisfy demands for greater > austerity.**** > ** ** > The IMF has now urged the government of Africa’s last absolute monarchy to > make further cuts to its bloated budget.**** > ** ** > It gave a candid assessment of reforms so far, saying the appointed > administration of King Mswati, who has a personal fortune estimated at > $200m, had missed several targets to cut a budget deficit of more than 14% > of gross domestic product (GDP).**** > ** ** > "The mission concurred with the authorities’ view that the government will > continue to face severe liquidity constraints over the coming months, > notwithstanding the recently announced R2,4bn loan from the South African > authorities," mission leader Joannes Mongardini said yesterday.**** > ** ** > "The mission advised the government to pass a supplementary budget to cut > expenditures, while preserving pro- poor spending, and strengthen > expenditure controls in order to restore fiscal sustainability," Mr > Mongardini said.**** > ** ** > The IMF, which has refused to lend money until Swaziland takes a hatchet to > its large public wage bill, also urged the government to pay back money > borrowed from the central bank, lest it jeopardise a one-to- one currency > peg with the rand.**** > ** ** > "Preserving the parity with the South African rand is of utmost priority," > Mr Mongardini said, adding that Swazi central bank reserves had dropped to > $554m, or 2,2 months of import cover, as of last Friday. Three months’ cover > is widely considered the minimum for a stable currency.**** > ** ** > Swaziland’s fiscal problems stem from a 2009 recession in SA that triggered > a collapse in revenue from the Southern Africa Customs Union that has > historically accounted for two-thirds of Swaziland’s budget.**** > ** ** > Its government has kept its head above water by using central bank reserves > and running up at least $180m in unpaid bills.**** > ** ** > Its efforts to cut public spending and raise taxes from a moribund economy > have met with little success.**** > ** ** > Public services have been slashed in recent months.**** > ** ** > The University of Swaziland failed to open on August 8 for the final > semester of the year and public hospitals have run out of medicines for > patients.**** > ** ** > "The mission observed that economic activity remains subdued and inflation > is on the rise," Mr Mongardini warned. "Electricity consumption, which can > be used as a coincident indicator of economic activity in the absence of > quarterly GDP data, declined in May while broad money growth remained > subdued in June."**** > ** ** > However, Swazi Finance Minister Majozi Sithole said the IMF targets were > unreasonable.**** > ** ** > "The IMF has certain targets of their own with a view to push us to do > certain things," he said. "We have no objection to that, but they had made > so many assumptions that are not reasonable. They are pushing certain things > that will probably cause more problems than answers."**** > ** ** > The budget crunch sparked unprecedented public protests against King > Mswati, who is accused of running the country as his personal fiefdom.**** > ** ** > Dissident groups inside and outside the country where political parties are > banned are hoping the cash crunch will force political change. Reuters, with > Sapa-AFP**** > ** ** > *From: http://www.businessday.co.za/articles/Content.aspx?id=152175* > * * > * * > * * > > -- > You are subscribed. This footer can help you. > Please POST your comments to [email protected] or reply to > this message. > You can visit the group WEB SITE at > http://groups.google.com/group/yclsa-eom-forum for different delivery > options, pages, files and membership. > To UNSUBSCRIBE, please email [email protected]. > You don't have to put anything in the "Subject:" field. You don't have to > put anything in the message part. All you have to do is to send an e-mail to > this address (repeat): [email protected] . > > -- > You are subscribed. 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