Mbabane is both the capital and the largest city of Swaziland. It is located in the district of Hhohho, lying on Mbabane River and its Polinjane River tributary in the Mdzimba Mountains. Mbabane is estimated to have a population of 94, 874 people. Mbabane City derived its name from a Chief, Mbabane Kunene, who lived in this area during the arrival of the British settlers. Mbabane experienced growth...
The new levy proposed by Martin Dlamini, the Minister of Finance, may see the foreign-owned banks exit from Swaziland. If the new tax is made to the law, banks in the kingdom will be required to pay 2.5 percent of their annual revenue to the King Mswati III led government. The chief executive officer of Standard Bank, Mr. Mvuselelo Fakudze, revealed that most banks in Swaziland would be closed by their...
The Sunday Observer, one of the autocratic King Mswati III’s of Swaziland newspaper, is pressing for action by the kingdom to claim some parts, inclusive of the capital Pretoria, of South Africa. According to the newspaper, some Swazis believe that this should be the appropriate time to demand back the land said to have been lost to South Africa during the colonial era. The Observer sparked a...
The national budget’s revelation of the Swaziland economy being unable to cover for its spending has risen some other factors. For instance, freezing of government job recruitment, a 1% increase on Value Added Tax, freezing of 60+ aged people’s pension and even compelling local pension and insurance companies to invest more than 50% of their holdings within the country. The pressure on the economy...
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