Davies and Mboweni in Lesotho for SACU meeting
South African Trade and Industry Minister Dr Rob Davies and Finance Minister Tito Mboweni are in Maseru, Lesotho, where they will attend the Southern African Customs Union (SACU) "Council of Ministers" meeting on Thursday.
Lesotho is the current chair of SACU, whose members are Botswana, Eswatini, Lesotho, Namibia and South Africa, for the period 16 July 2018 to 15 July 2019.
"The meeting will deliberate on matters internal to SACU such as the administration of the customs union, negotiations with third countries or regions, including, the Africa Continental Free Trade Area negotiations, the SACU-COMESA –EAC Tripartite Free Trade Area negotiations, implementation of the SADC-EU Economic Partnership Agreement, review of the SACU-European Free Trade Association (EFTA) Free Trade Agreement (FTA)," said Sidwell Medupe, spokesperson for the department of trade and industry.
As a customs union, SACU levies a common external tariff, collects revenue from the common external tariff into a common revenue pool and shares it according to an agreed formula.
The customs Union established a Secretariat, which manages the affairs of the customs union and reports quarterly to the Senior Finance and Trade and Industry Officials and subsequently to the Council of Ministers.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation