SACU summit to find solutions to the impact of COVID-19: Patel - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Trade, Industry and Competition Minister Ebrahim Patel says five SADC regional leaders will use the Seventh Southern Customs Union summit to find solutions to the impact of the COVID-19 pandemic and the Russia-Ukraine conflict on the regional bloc.

He adds that the SACU is an important instrument to help with the full realisation of the African Free Trade Area.

SACU was formed in the early 1900s to facilitate the movement of goods between the five-member states, South Africa, Lesotho, eSwatini, Botswana and Namibia.. “SACU is the place where we put together a common position on trade for the rest of the African continent. More than a quarter million jobs in South Africa are dependent on what we are selling to the rest of the African continent.”

“So, the African trade is a very big part of our job space, our economic growth and what we generate in a way of taxes that we use for housing, health care, education and so on and so our focus has been on why the inability of African countries to trade with each other. Parliament has ratified the African Continental Free Trade Area and this year we seek to complete the offer to each other and in that way help to create more jobs,” says Patel.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I am sure the SA minister of trade and industry destruction will find some solutions to duck it up further

SA is mandated by western countries to push mass vaccination programme in all African countries.

Telecommunications & Food retailers/supermarkets are doing as they please with prices…this government is serving foreigners at the expense of SAns🤦🏾

Top of the agenda should be the invasion of SA by Zimbabweans, Moz , Lesotho and other nationals like Bangladeshis and Pakistanis What COVID 🤷🏽‍♀️

Yaaah make it quick

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines