BY THEMBA ZWANE
MBABANE – South African Trade, Industry and Competition Minister Parks Tau has expressed confidence in newly appointed SACU Executive Secretary Dumisani Masilela, saying he is well positioned to lead the Secretariat into its next phase as the regional bloc pursues deeper economic integration and industrialisation.
Tau congratulated Masilela following the successful conclusion of the 9th Summit of Heads of State and Government of the Southern African Customs Union (SACU), hosted by South Africa.
He said he was confident Masilela would provide the leadership needed to implement the Summit’s resolutions and support SACU’s long-term vision of becoming a dynamic economic community that promotes equitable and sustainable development while strengthening regional competitiveness, industrial cooperation and economic resilience.
Assess progress on SACU’s strategic priorities
The Summit brought together Heads of State and Government from Botswana, Eswatini, Lesotho, Namibia and South Africa to assess progress on SACU’s strategic priorities and provide political direction on strengthening regional cooperation, trade and industrial development.
Proceedings were preceded by a series of technical meetings involving the Commission of Senior Officials, a Ministerial Retreat and the SACU Council of Ministers, where member states reaffirmed their commitment to building a diversified, competitive, sustainable and equitable industrial base capable of driving structural transformation and deeper regional integration.
Providing an overview of the Summit, Tau described its successful conclusion as another important milestone in advancing regional economic integration, industrialisation and sustainable development in Southern Africa.
Expanding trade and improving people’s lives
“The outcomes of this Summit reaffirm our collective commitment to building a stronger, more industrialised and globally competitive SACU. As the world’s oldest functioning customs union, SACU continues to demonstrate that regional cooperation remains one of our greatest strengths in advancing inclusive growth, expanding trade and improving the lives of our people,” he said.
Tau said member states had reaffirmed their commitment to positioning SACU as a powerful engine for regional integration, economic diversification, increased intra-regional trade and investment, policy harmonisation and sustainable economic growth.
He said the Summit had also highlighted the need to strengthen regional productive capacity, improve competitiveness and create a more enabling environment for investment and industrial expansion.
Strengthen regional value chains, promoting investment
“Industrialisation remains at the heart of SACU’s development agenda. By strengthening regional value chains, promoting investment, improving trade facilitation and supporting productive industries, we are laying the foundation for sustainable economic growth, job creation and shared prosperity across Southern Africa,” he said.
Member states also recognised the importance of strengthening cooperation in customs modernisation, trade facilitation, resource mobilisation and implementation of the African Continental Free Trade Area, while maintaining coordinated engagement on regional and global trade matters.
Tau said SACU must fully leverage opportunities presented by the AfCFTA and other preferential trade arrangements to diversify markets, expand value-added exports and strengthen participation in regional and continental value chains.
Collective effort, patience and deliberate action
Using the analogy of preparing a traditional Southern African meal around a shared fire, Tau said SACU’s future would depend on collective effort, patience and deliberate action.
“The future of SACU requires the right ingredients brought together through partnership and shared purpose. Industrialisation, investment promotion, trade facilitation, AfCFTA implementation, resource mobilisation and effective institutions are all essential ingredients in building a customs union that delivers meaningful benefits for our citizens,” he said.
Tau also thanked SACU Council of Ministers Chairperson and South African Finance Minister Enoch Godongwana for his leadership during the ministerial engagements.
Re-imagined SACU to drive industrialisation, investment
As South Africa concluded its hosting of the 9th SACU Summit, Tau said the country remained committed to working closely with fellow member states, including incoming Summit Chair Botswana, to implement the Summit’s decisions and advance a reimagined SACU that drives industrialisation, investment, trade and inclusive economic development across the region.
#SACU #SAMinistet #HeadsofStates #Governments #Eswatini #RegionalBloc
