29
Jun
The Southern African Customs Union (SACU) has often been described as the world’s oldest functioning customs union. For Namibia, it has also been one of the country’s most important economic pillars since independence. Every year, SACU revenue contributes significantly to the national budget, helping finance education, healthcare, infrastructure and public services. Yet as global trade patterns shift and geopolitical competition intensifies, the question is no longer whether SACU has served Namibia well in the past. The more pressing question is whether it is adequately preparing Namibia for the future. The recent remarks by South African Finance Minister Enoch Godongwana during…
