
14/07/2025
On paper, Eswatini has no shortage of financial watchdogs. The Public Accounts Committee (PAC), operating under a 1967 Parliamentary Order, scrutinises government spending. The Anti-Corruption Commission (ACC) investigates financial crimes. The Auditor General audits public accounts. Yet despite this elaborate oversight architecture, billions in public funds remain unaccounted for, with far-reaching financial mismanagement characterised by a systemic culture of rogue financial behaviour—misstatements, unauthorised expenditures, and bank balance misalignments that persist year after year.
These bodies remain hampered by inaction and weak legal frameworks, despite consistent warnings of the dire consequences for the nation’s fiscal health and and international standing.
By Zwelethu Dlamini On June 27, 2025, Inhlase revealed how the Eswatini government is grappling with a decade-long accounting scandal involving E6.5 billion (E6,543,027,330.40) in unresolved discrepancies and misstatements. The investigation revealed a pervasive culture of financial mismanagement, w...