The sad track record of eSwatini’s King Mswati III

Ever since this period, Mswati proved himself to be a self-indulgent, extravagant ruler, flaunting his excessive lifestyle while over 65% of his people live on less than US$1.25 a day, and unemployment has soared. In 2009 Forbes listed him as one of the world’s richest royals, reportedly worth $200 million, a figure he has disputed.

When Mswati turned 50 years old in 2018, and wore a watch worth $1.6m and a suit beaded with diamonds, a World Bank report estimated that 63% of his subjects lived below the poverty line, and 29% lived below the extreme poverty line. This extravagant spending came just as the International Monetary Fund criticised Swaziland for diverting money that should have been used on education and health to other spending. As a result of this fruitless expenditure, the IMF withdrew its team that was advising the government on economic recovery.

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