Wealth of the Swazi Nation - Tibiyo takaNgwane

The main domestic obstruction to the healthy growth of Swaziland's national economy is the continued existence of the royal investment trust, the Tibiyo takaNgwane ("Wealth of the Swazi Nation")Fund. Increasingly since its establishment in 1968, Tibiyo has exercised a parasitical influence on the national economy, siphoning much of its lifeblood into a separate treasury primarily for the benefit of the monarchy and its clients, and pushing the economy as a whole into an artificially anemic state.



From
Alan Booth's Historical Dictionary of Swaziland
Scarecrow Press 2000