Question NW874 to the Minister of Trade and Industry
04 April 2018 - NW874
Matsepe, Mr CD to ask the Minister of Trade and Industry
Whether his department was or is involved in the National Treasury’s review of the Southern African Customs Union (SACU) revenue sharing model; if so, what are the relevant details of the (a) progress made to date and (b) design for a reviewed revenue model?
Reply:
A decision has been taken by the SACU Summit of Heads of State and Government in June 2017 to review the 2002 SACU Agreement. The review of the revenue sharing formula is one of the focus areas. The review aims to among others identify financing options for regional infrastructure and industrial projects. The dti has been working with National Treasury in this regard. National Treasury is working on proposals.